It's been a pretty wild ride here on Steemit, but I finally achieved a long standing dream of mine of becoming a dolphin. Why make the decision to invest in Steemit you ask? Here are three of the main reason for why I decided to take the plunge!
First mover advantage
Although many new social media blockchains are popping up every so often, Steemit was the first to establish a presence, which will mean a lot when more money starts flowing into crypto again.
Last year during the bull run we all saw the price of Steem rally to almost 10$ while SBD was a concerning 15$. Although this is not guaranteed to happen again, I believe that this bear market won't last forever and Steemit's first mover advantage and successful growth through SMTs and other DAPs will give us a good shot to have another rally like we saw in 2017.
Passive Income
This is kind of a sore subject to talk about because I've been a minnow for over a year and a half and hated how the larger accounts just blindly delegated their funds away.
A big reason for why I moved and powered up a large amount of my savings and power up was because I believe in the future of Steemit.
Another reason for powering up was to have my money work for me and generate passive income to help pay off close to the half million in student debt I am going to owe after dental school.
I plan to still give back to the community and have a few ideas in the works, but most of my time is going to be spent studying, so It makes sense to put my sp in a place that will allow it to grow.
Establish A Presence On Steemit
When I first joined Steemit, I was in love with the idea of blogging and making crypto and instantly became addicted to the process of establishing connections and growing my brand. I eventually started to notice some cracks in the foundation that steemit was built on and realized that it was almost impossible to grow as a minnow without the constant support of larger accounts.
Then came voting bots and delegations and you all know the rest. I made post after post preaching about the toxic culture in our community, but every time nobody heard me until I just up and quit Steemit all together.
Obviously I believe in the future of Steemit, which is evident considering my recent power up, but we are far away from establishing our "ideal community". I'm hoping I can make some change now that I have a larger stake.
Hopefully my story helped me properly introduce Steemit's new dolphin and maybe motivated a few of you minnows to invest and power up as well. Until next time, this has been a message from your friendly neighborhood #spiderblogger!