The other day when I walked home I saw this beauty of a car. I know it's a Ferrari, I know it's beautiful, and I know it's pretty damn expensive. So I started thinking what would I choose; 100 000 Steem power or this Ferrari, if I couldn't sell either the first 2 years? Here are 5 reasons I would choose Steem Power :
(1) For me Steemit and Steem is the investment of a life time. The way I see it, right now investing in Steemit, would have been the same as investing in the earlier stages of Facebook. Some might say that if I wait 2 years and sell the Ferrari then i would still have more then the value of 100 000 Steem Power. That might be true if you refer to today's value of Steem Power. In two years I think today's value of Steem will be considered a steal!
(2) I could do more good with 100 000 SP then with a Ferrari. I could finally have a chance to have more influence on the platform and help to encourage the people and the projects I support the most ! With a Ferrari all I could do is drive around and look cool, which I don't find very useful..
(3) A car is said to be one of the worst investments. I think in two years my steem power would be worth atleast 5 Ferrari Cars.
(4) I live a 10 minute walk from work, it would be pretty silly to take the Ferrari to go there right ?
(5) I wouldn't choose the Ferrari because I don't have a driver license. Yes, I am 30 years old and I don't have a driver license. There is an explanation though. l left Sweden when I was 16 years old, which is just before you start to practice driving. Since then I have been living in China, and I don't want to drive here, and I especially wouldn't want my first car to be a Ferrari.
So there you have it ! If you ever plan to buy a very expensive car In the near future don't think of it's value in your own currency, think of it in Steem and perhaps your decision would be different. So now I throw the ball to you, what would be your choice 100 000 Steem Power or this Ferrari ?
Nice car!
I get you SP now tend to be more valuable than a Ferrari.
Keep on steemit!
Keep Steeming buddy !
Hi @dandesign86! @tattoodjay is sending you 0.1 SBD tip and @tipU upvote
:)
@tipU - send tips by writing tip! in the comment, get share of the profit :)all good logical reasons I think I would do the same for similar reasons Except I do have licence and live a fair way from the city and I could drive it in, but I would invest in Steem rather than a ferrari without a doubt at the moment
tip!
Thanks for your tip buddy ! Well actually considering you have to take the train each day this could be a faster way of transportation and pretty neat haha !
Well not really I do see the cars crawling on the highway from the train almost every days even if I had a luxury ride I would take the train :)
Hahah I see your point ! Hehe I travel a lot in China and for me I definitely prefer the train !
😎👍
yup
Would, take the ferrari, sell it and buy even more Steem :D
You have to keep it for 2 years ..
I think that preferring the Steem would be the logical choice, in two years the Ferrari's price will have depreciated, Steem on the other hand, while it could go bust, will probably be worth more than it is now, in the meantime with that kind of Steem and just by curating supposing you have a 50/50 payout setup, you should have a nice steady income and this just by up voting posts you like, or you could probably use a bot (something I don't like). But anyway short of Steem disappearing the Steem option beats the Ferrari, money wise.
I'm glad we are on the same page buddy ! Steem could go bust, but so could the Ferrari if you crash it hehe.
I 100% would take the Steem Power as well based on its value in the future. I just got on the platform but just began this weekend swing over whatever I can to Steem Power because I honestly feel like this may be the last changes ce we have to get it this cheap. Even if that is the case, I will be buying on the way up along with earning more due to having more invested. I feel like the whole idea can't be beat really.
It's funny, I talk to people who aren't on Steemit and I get super excited like this but it really takes a fellow steemian to truly understand the excitement and feeling of being in on the ground floor of something huge. :) Continued good luck and prosperity my friend.
You are right, it feels like being a part of something great and exciting! A lot of people don't know about it yet, but they will soon. So like you say it's a good time to buy now !
I keep seeing people say the Power Down cycle is 2 years.
Did it change back, because it was only 13 weeks..
I think it's still 2 years as far as I know, but I am not a hundred percent sure.
Another good example of higher-level thinking; looking at more than one form of value. Regardless of the monetary value of Steem, the responsibility that comes with constructive influence and the opportunities that are made available when having a more vast audience cannot fail to enrich your life!
Thanks a lot for your insightful comment. Yes value definitely can have different forms, unfortunately most people are just focused on the value of money and what it will bring them. ..
Beautiful car .. I think life is to enjoy..hahaha until we are very rich, let's buy this car .. as poor as now, invest in steeemit haha
I hope I can achieve my dream of making money on Steemit .. but it's hard .. because I have been active for more than 1 month ..
It is hard and it takes time for sure. We have to realize that most people on Steemit joined in the last few months. It will take some time before we, the new comers, will be able to really establish ourselves on the platform.
Thanks for advices. How long have you been in Steemit? 😲
I started in June this year :)
Do you buy steam power? You grow so fast! I was very surprised
I have also invested some Steem power now during the last dip !
Can you please visit my blog? .. I'm sorry :(
Without any hesitation Steem Power. Even if it would be 50.000 SP. For the very same reasons as you mentioned (except 5, as I have a driver license).
Da hätten wir das Thema wieder ^^
Ich finde es beeindruckend welche glaube in dieser Sache ist.
Haha:) Ich glaube, dass Thema lässt uns nicht mehr so schnell los:)
Da hast du vollkommen Recht. Besodners den Investment Charakter dahinter habe ich so noch gar nicht wirklich beachtet.
@dandesign86 hat es ja im Gespräch mit dir auf den Punkt gebracht. Eine bessere Erklärung und Zusammenfassung habe ich bisher noch nicht gesehen.
Haha 😂 so even with a driver license you choose steem and even half of the amount asked ! Awesome we are on the same page !
Definitely!
A good case for the SP over the Ferrari.
You'll be able to buy 3/4 of them in a few years and in the meantime do 1000s of good deeds on Steemit :D
That is a nice way of putting it ! Surely this would give more happiness i am sure ! When are you heading to Nepal by the way ?
The plan is to leave just after the Steemfest conference is complete! Just finishing up a blog with some more info.
Are you joining us? 😁
Hehe it's a bit far for me to go there but I bet it's going to be epic, it's an awesome idea to have a steem fest !
Hopefully! Going to cost a fair whack so we need to gain lots of support at SF2 to make it worthwhile! Update posted 😁
Well I am sure you will get a lot of people backing you with your idea - trust me !
Hope so! :D
This post provoke my inner man.
It's a really good question you handle in your post.
As I am reading all the comments here all people are convinced that Steem will for sure go up. I have to say I don't have the cinfindence right now. That's why I am asking; did I miss something?
I made an investment and bought me 5000 steempower just to see the difference. And yes I noticed one. For example I could easily invest more but I am not convinced right now that this would be the right decision.
Could you told me why you and also others believe so much in steemit? Do you really think this is the next Facebook?
I honestly don't think steemit is the new Facebook. Steemit is more like the new reddit. The structure is more for blogging as opposed to general social interaction like Facebook. This is how I see it.
Reddit has around 234 million users worldwide, steemit doesn't even have half a million yet. 99 percent of people on Reddit don't get paid. They will come to Steemit sooner or later. This will definitely increase the value of Steem.
The thing though is that a lot of people focus all their attention on steemit. The real focus should be on Steem. Steemit is just a platform built on the Steem blockchain.
With Steem we make zero cost transactions. The transaction speed is much faster then both bitcoin and ethereum. The number of transactions daily with steem is more than bitcoin and ethereum combined.
The reason to focus on steem and not only steemit is because a lot of other platforms are now being built on top of the steem block chain. For example you have D-Tube which could come to replace YouTube. You also have Zappl being built on the Steem block chain that will be similar to Twitter, only better as it is decentralized. We are talking more than a billion potential users !
Steem is a block chain that is creating an eco system for social media. A lot of reasons to own steem In my opinion.
There are a lot of people that know tons more about Steem and Steemit then me here that might give you better information. This is not investment advice just my humble opinion.
I really appreciate your long comment and I hope my answer was helpful !
Thanks for your great comment.
Yes, it was definitely helpful and I can Follow your arguments. From this point of you you're right. At least in my opinion.
You're said something integrating that people should more focus on Steem not on the platform steemit. Then I have one more question regarding your post.
There you mention about investing in steem power.
Wouldn't it than not be better just to invest in steem because the power down process is as I know not instant.
Could tell me a bit more about that?
If you are just holding Steem in your waller it will not give you the influence you would have if it were Steem power.
Thanks :)
You bring up a good question. The truth is that if you are just interested in Steem as an investment then you can keep it in Steem, and you can retrieve it whenever you want. If you put your Steem into steem power you are locking it up. In order to get it you have to power down and the money will be paid back to you during 104 weeks (2 years). Let's say you have 1400 SP now then you will be getting 14 Steem each week for 2 years.
However locking it up gives you more voting power. This is very important on the platform because a lot of people will want to follow you if your upvotes are of higher value. Also you can upvote yourself so you are increasing your own value faster then more steem power you have.
In the end I think it comes down to your interest. If you are not planning to spend a lot of time on steemit and use your daily upvote power then it's better to put it in Steem.
Please let me know if there is anything which is not too clear .
Thank you my friend.
This was really helpful. :)
You are most welcome ! Glad If I could be of help :)
That's the best explanation and summary I ever seen about Steem/SteemIt. Thank you!!
Seriously you should make a post on this buddy!!
Good Idea 💡 hehe I might just do that ! Thank you for the advice buddy !
You are deeply welcome!
Steem Power is much better than Horse Power. :)
Hahaha that is one of the best answers so far ! Made me crack up real good :)
Very good decision. I also don't have a driving license. But i hope next year to hv one. I took many lessons few years ago but failed durind exam... they are not easy here in the Netherlands. Also very expensive.
In Sweden it's also very expensive.. it's a bit stupid because you actually need that money to buy an actual car . Instead you first have to save up for a driving license, then after that you have to save up again to buy the car hehe
Its a weird right?. Same story here. They want to keep the road traffic free but at the same time they make public transportation super expensive and every year the price of a bus/train ticket will go up....
I hope electric cars get more inexpensive so that my first car would be electric that would be really cool. I will install solar panels on my roof and charge it myself hehe. Maybe when steem is worth 1000 hehe
1000??? Wow, that would be amazing! I will buy swimspa directly and place it in our garden ;-). Buy some houses and people/students can rent! Every year on holiday. Im not really into cars, but 1 type of car i like: mercedes ;-).
Swimspa and Mercedes sound like a good choice haha . Buying some property is also good, as you will get a long term steady flow of money. Maybe you can offer the students to pay their rent in Steem hehe
Beautiful car. Very informative post.
Keep it up upvoted and Followed.
Thanks buddy! Glad you liked the post !
Car is expensive but rather dream is more n more working to achievable ...
Thanks for uour comment
I thought you already had that 100k sp, LOL I looked its not there yet. ANyway, that is logical, a car just gets old and sp's dont...its just like asset vs liabilities
Hehe it will take some time and two
more zeros before I get there. But the sky is the limit with steemit so nothing is impossible!
I totally agree with you. When people go around mindlessly buying high-end cars they stupidly overlook the basic factors.
A high-end car is a high maintenance toy. It will forever eat into your pocket. An expensive brand car needs good roads and open speed limits.
You need an environment of good driving ethics. Otherwise one scratch or dent can create a massive hole in your pocket....
In my opinion High-end expensive cars are useless if you are not living in Beverly Hills or some High-end place with money to throw.
Also, all machines have a life that deteriorates and a price value that depreciates.
Much better to invest where money grows. Like in Steem and cryptocurrency as you say.
Great post. World needs this wisdom. :)
Generally, a high-end car is not an investment. I would buy a high-end car because I love cars and I love the experience (but you won't see me buying a Rolls-Royce, I prefer something that I can take to a racetrack. Also I don't care for the places like Beverly Hills, in places like that it's more of a genitalia-size contest lol).
No debate , No argument stands in front of love. :) Yes buying a high-end car is more a matter of passion . Or a matter of "genitalia size contest" :D :D . I like this simile. :D . In such matters, practicality takes a back seat. And for this I must be super rich. :)
My point is - Time, space, environment and object must correlate for best service and results :)
You bring up a very important point, just maintaining the car is gonna eat your money, so it's not a good investment ! Steemit on the other hand I think can only go higher from here !
:) Yes. All machines and vehicles not only require maintenance but also their functions deteriorate with time. Hence the value depreciates. For love one can go to any lengths . :) But practicality says it is foolish to make an excessively high investment on a high maintenance and depreciating object just for flash ! After all what will I do with a mansion if I have no money to buy the furniture for it :D .
Wealth distribution and Financial management advises one to spend a little on desires, some on security and a little for growth. And Steemit is one of the lucrative opportunities for growth . :)
You said it well, a mansion without furniture is quite pointless hehe !
:D :D And not to forget the salaries and upkeep of the manpower required to clean and manage the mansion. I cannot be sweeping the floor the whole day, everyday !!!! :D :D :D
Thank you, @dandesign :D :D .... I am happy it resonates with you :)
Hehe yea I can't even clean my own small apartment let alone a mansion lol
😁😁 Now you understand what a pain and a strain a mansion is ? 😎 Give me my manageable apartment any day. Or gift me a mansion with staff and salaries paid 😁😁😁
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It's a matter of preference. One thing to consider if you want a car like that is what you're going for. In most cases, they're not an investment. A car like a Ferrari California has depreciated a lot and will continue to depreciate (it wasn't a very desirable car haha). If you want a car like that, it's because you want the ownership experience and what it'll give you. If that's not want you want, then just bank your money or invest it into something like SP. I do a lot of car stuff on my profile, so that's where my thoughts are coming from.
Hehe I can imagine being a big car enthusiast this is not an easy answer for you haha :) You make a good point, in the end not everything comes down to money, we should make a choice that feels good and that will bring us happiness. In the end having a lot of money in the bank but never enjoying yourself is quite a stupid way to go through life if you ask me
farrari is always have a brand image in people mind till the world ends