This article is for all my Non-Steemian friends on Facebook and other social media!
Some of you guys have messaged or called me in the past asking "What is the right time to invest in cryptocurrencies?"
I'd like to say that today is the right time to invest.
Steem has hit a low price of $0.67 as we speak and this is the lowest it has been in the recent times.
Bitcoin however, has managed to stay in a stable position of around $6200 and hasn't come down.
I think this is the right time to buy into Steem and convert it into Steem Power.
Steem Power gives you a say on this platform and the more Steem Power you have, the more influence you have over the platform.
Everyday, a set amount of Steem is generated in the Reward Pool and based on the Steem Power you have, you can give out the rewards to yourself or anyone you like through the press of a button. Talk about generating money just by pressing a button.
Just around the start of 2018, we had seen Steem reach upto around $8 and stayed there for a while before getting back to around $3-4 which was still a good rate IMO.
Just as an example: If I were to invest $100 at the moment into Steem, I'd get around 149.25 Steem which would become equal to $1194 if Steem were to hit $8 mark again which is a huge profit. But beware, this is a game of patience and perseverance and not a get rich quick scheme.
It could take years to hit $8 again or might even hit $8 within a month.
One never knows.
Invest wisely, do your own research prior to investing. Also, I wouldn't suggest you to pour your life savings into this or even take a loan and buy crypto. Invest only the money which you can afford to loose.
Crypto is a volatile thing and is quite risky if you don't know what you are doing.
(Disclaimer: These are just my suggestion based on my experience and don't take them as professional financial advice. I don't take any responsibility for your profits or losses.)
Cheers and good luck peeps! :)