RE: Honestly: I'm kinda stupid, please Steemit genious, explain something to me

[nevid]

Buying SP is wise if you want Steem to grow, as it's literally a long term investment, because you cannot take out your SP entirely for a minimum of 1 year.

This, I think, is not entirely correct.

1. You should buy SP if you have reason to believe that the system will grow, not if you WANT it to do so. Especially not if you consider to invest serious money. (Serious as in relative to your personal networth).
2. You can not take out your money entirely for a minimum of TWO YEARS (not one) - but: you can decide to receive your proportional weekly rates from day one.

Comments

[dumar022]

I know that but I LOVE the system and I believe in it!

[nevid]

In that case go on and invest!
But I would just suggest not to burn any money you can't afford to lose. After all, right now steem is just an experiment and there are a lot of things that could go wrong over the next months and years. :)

[lifeislie]

1. I view Steem as a platform that I want to grow, I'm not personally investing here to make big bucks, so that's why my view on that is that way, investing in it will only help.
2. Whoops, my bad, that's right: 2 years. Thought I read 52 weeks somewhere but you're right.