Being a new member I will not lie the thing that got my attention about steemit when I first heard about it was that you could make BTC with NO MONEY!! like many today with the bitcoin craze it sounded like something I needed to take advantage of so I came up with a plan of action :
- make steemit account
- Sell steem for btc since btc is blowing up its a great ROI
After doing much research I quickly found out that my plan had many holes and if financial security was my goal following my initial plan was not the way to go about it. Let me tell you why. While btc is doing great now and the growth has been extraordinary there's a few things that over time have proven to effect the btc market. One of the the major things that ALWAYS causes a drop in the market is in bitcoin is hacking. After every major hacking bitcoin takes a hit which causes a snowball affect of problems including pending transaction freezes and lost btc to name just a few. With steemit running strong for over a year there still has not been a major hacking incident. The other major benefit of steem over btc is that steem actually gains interest unlike any other cryptocurrency out today. Also with the fundamental aspect of crypto currency being to decentralize the banking system steemit actually allow the average everyday hardworking person around the world to do that unlike btc which has become a market for big players with deep pockets. Long story short hold onto your steem ladies and gents this time next year mark my words in will be worth 25x what it is today!