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I have 25 % of my Net worth in SteemIt. I see strong potential and bright future by decryptson

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· @decryptson · (edited)
$0.31
I have 25 % of my Net worth in SteemIt. I see strong potential and bright future
Fellow Steemers, 

 So I have been riding the Steemit RailRoad now for a few days and read the Whitepaper thoroughly, and I have made my decision to take a quarter of what I have and put it into Steemit. 
What I saw from the Whitepaper is that Steemit has huge potential for a few things..
β€’Being a leading edge Social Media Platform.
β€’And leading up to huge potential gains for all of us. I do not know how confident I am in a short term investment with Steemit but In the Long term I see bright things and a much more stable, safe system then we have today.
 I mean look at things like Reddit, Facebook, Twitter, Look at where they went in a few years from the start of them to where they came to today.. That's how I see Steemit. A Beta in its early stages with huge potential for future success. I took a risk with Steemit and I have to say I am proud to have taken the leap. Now to watch what happens, only time will tell. We have had quite a successful last few weeks, to only see what the next few months will have to hand us.
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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vote details (33)
@cotough ·
Wow.  Very nice.  Seems like a calculated risk.  When you say "put 25%" of what you have, do you mean you purchased steem power outright in anticipation of growth?
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@decryptson ·
I purchased steem tokens at about $1.80-1.90 and then after all my purchasing I converted most of what I had in steem tokens to SP. I'm holding out for the long run, this is a long term investment for me. And yes, I heard about it first by a friend and then a day later from another close friend so I rushed into it after just reading the first 2 pages of the Whitepaper and hearing a bit about it. I admit I jumped the Gun pretty quick with this one but I am happy I did now that I read the whole paper and learned a bit more about this platform.
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@decryptson ·
And personally I think it might have been one of the smartest investments I have made in my lifetime so far.
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@kuriko ·
This system is exactly how you bring eyes on cryptos, I wish I knew about it sooner!
πŸ‘  
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@decryptson ·
Same. I actually really with I knew about this sooner. I have been doing a lot of work with Solidity on Ethereum the last few months and actually didn't come across Steemit at all until 9-10 days ago. Then I kinda rushed into it a bit quicker then I rationally should have without doing proper research, but in so glad I put in what I did. I kind of now wish I put in more. But at this point of time I have a quarter of my worth in it and I am happy with that. Risks of life, and in very happy with this one. Steemit is going to be quite a success, and will most certainly have its place. I'm happy to see how it evolves as a platform as time moves onward.
πŸ‘  
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@kareemaudi ·
How come this is on the trending page with over 30 votes and yet only has 31 cents? Any insights?
πŸ‘  
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@knas ·
Just make sure that you only invest what you can afford to lose.
πŸ‘  
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@decryptson ·
Oh I know. That's exactly what I put aside for this. Just enough that I am willing to part with in the worst case scenario.
πŸ‘  
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@ma3 ·
Nice man, i've invested a lot too, maybe not in terms of cash, but for the next month i'ma be living on steem alone xD
https://steemit.com/steemit/@ma3/i-m-going-to-live-off-only-steem-for-30-days-and-see-how-it-goes-advice
πŸ‘  
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@milestone ·
I am also going to be converting 10 of my bitcoins over to Steem UP. I have been holding them and trying to spend the where i can.  Now i see a place that i can actually put them to work.
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@decryptson ·
Not a bad idea at all. I would spread out the transactions though with that kind of money. That's what I did, a test transaction then I spread it up into 10 transactions. 
Welcome to the community my friend, the endeavor starts here :)
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@decryptson ·
Maybe do 2 btc each transaction into it after a small transaction to make sure everything goes smoothly for you. Best of luck and again, Welcome.
πŸ‘  
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@nkv ·
Nice post! Upvote for sure, check my article i bet you like it :D
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@decryptson ·
Thank you very much, I will :-)
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@sephiroth ·
$297.86
Taking a risk, losing and being without regret is by far better than not taking a risk, winning, and being full of regret imo.
πŸ‘  , , , , ,
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vote details (6)
@decryptson ·
$0.04
Indeed. If we didn't take risks, we wouldn't learn lessons and we wouldn't see the other side of things, whether it be positive or negative. I'm in this leg for the long road. Taking a risk indeed, and so far in the road no regrets.
πŸ‘  
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@shagda ·
It's like the final piece of the internet. Now we can exchange ideas and value globally. I think it's a smart investment too.
πŸ‘  
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@decryptson ·
Well said :-)  I see the risk to Success ratio well worth it.
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@vyrl ·
still trying to understand the dynamics here. My  latest post has 19 upvotes and $0.70 pending payout. This one has 30 upvotes and only $0.29. confusing
πŸ‘  
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@kareemaudi ·
I know that who is doing the upvoting effects the revenue of the post. Users with more steem power have extra weight , however this still does not explain why this post is in trending. Just my two cents.
πŸ‘  
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