https://s3.postimg.org/rj2bxuvur/Gold_steem_coin2.jpg

### Steemit is an investment not speculation due to what is stated in  the white paper.

Thanks to anyone that notices this post. You make me feel normal! People take feeling like everyone else for granted. To me its a luxury.


# _Know your investment! Know the difference between speculation and investment._

Steemit is like bitcoins. As it grows it will rise and drop month to month and sometimes it will drop hard but if you zoom out from day one untill now you will see steady growth. In time when we get more data about steemit we will see the same trends. It will grow.

# We have seen crytocurrencies explode.

https://cbi-blog.s3.amazonaws.com/blog/wp-content/uploads/2014/11/bitcoinq4141.jpg

#### [We have watched a transaction to buy pizza which was worth $25 at the time which is now worth...](https://blockchain.info/tx/a1075db55d416d3ca199f55b6084e2115b9345e16c5cf302fc80e9d5fbf5d48d)
#### Well click that sentence and see for yourself.  No wonder so many are understandably, interested in investing in blockchain technologies. If you are going to invest in the crypto world then here is some useful information.


_Cryptocurrencies are a hugely powerful idea. They’re a way for millions of people from all over the world to come together and agree on basic questions like “How much money does each of us have?” even when all of them have an incentive to try to trick one another. The practical upshot is that this is a way to create money without the need for a (potentially fallible) central authority. << Hugely important may i add. That being  said, despite the rising value of cryptocurrencies, many people have lost a lot of money on them._

* # So what are the most important things for you to know going into cryptocurrency investment?

_Its more speculation than investing, steemit i feel is a huge improvement in many area's i must admitt! (well done @dantheman and @ned the neighboreeno :P diddly._
 
_Let’s be very very clear here: cryptocurrencies have a bright future as a powerful new way to conduct commerce. That is not the same thing as saying that their value right now is stable. It’s early days yet, and, while the number of businesses accepting cryptocurrencies is growing, it’s not big enough for most of the demand to be built on legitimate trade. That means that buying cryptocurrencies is speculation, not investment. Unless the plan is to horde them untill they are accepted as an everyday form of payment. That's what i am doing, building up while they become more and more mainstream(I really hope so).

 
Right now, the price of cryptocurrencies is vulnerable to the whims of eager new speculators like you, and people who’ve been in the market for a while and are just looking for the right time to get out, which cause the market’s precipitous ups and downs. The result is that speculating on cryptocurrencies is something of a zero-sum game. That doesn’t mean that you can’t make money in the long term by being wilier than average, but it does mean that, at the end of the day, somebody else has to get stuck with the check.

So, be careful. Don’t put your life savings into it. Invest conservatively: try to keep half your investment money in cash at any given time, which leaves you in a good position to profit on the ups and downs of the market. If you wipe out your stake entirely more than once, and are tempted to put more back in, don’t. Day trading can be a form of gambling addiction, so be careful not to let it eat your life.

* # Always be paranoid about your security!! don't leave things to chance.

Even more lucrative than investing in cryptocurrency is theft of someone elses it from someone else who is not sufficiently careful about the security of their wallet. This has been spoken about time and time again but still falls of deaf ears, but it’s worth reiterating the main points: ALWAYS use secure wallet software, like Bitcoin core and WarpWallet, and don’t trust Bitcoin exchanges.  Pick strong passwords. Don’t pick weak passwords. Use two-factor authentication wherever possible. Don’t download sketchy screensavers. In general, be like a drug runner crossing the border. Always be paranoid about people stealing those hard earned coins! 

* # Always be careful and vigilant!

Never invest in something new and exciting if you are not prepared for a loss, Obvious risk assesing needs to happen and if you feel comftable then invest smart. Only invest what one can afford. Never gamble your own security in life!

One of the things that makes a bad trader is an inability to take on the chin drops in the market,  only buying when the market is up, and panic-sell during the dips! the complete opposite of a rational level headed strategy. You’ll do better if you write off any money you invest as ‘probably gone.’ It’ll make it easier to weather the sharp drops in price associated with cryptocurrency trading. Be certain to take advantage of panic drops caused by sudden, unexpected bad news (The closure of silk road for example which causes a huge drop or the recent exchange hack). Keep track of majority of cryptocurrencies: the markets are of a small enough size that, sometimes  arbitrage is possible and can be easily traded amongst themselves from your browser, without the need of a payment gateway such as paypal check out. (i hate paypal)

Hope you enjoyed - Josh