I put the word challenge in quotations in the title because this isn't much of a challenge at all... 😀
So last week I started the April HODL challenge by 'monitoring' the price of Steem over the next month. And what will do is track what the price throughout April and assume we've invested about $100 into buying Steem then.
The issue for me is that, I spend about $50-100 a week buying Steem, so we'll just play with those numbers as if we only bought $100 worth on April 1st.
It was listed at $1.86 last week and if we purchased $100 we would have had 54 Steem tokens.
Let's check the market at the time of this blog post...
(via CoinMarketCap.com)
Not bad right?
It went even a little higher this week but is having a nice slow and steady 'green day' on the markets today.
What could be the reasons?
Well, without shilling TOO MUCH....We all know Steem is awesome!!! Obviously. 🙌
But there are a few other reasons I think...
The blockchain is ALIVE with awesome developments and news. Here's just a few of the highlights over the past 7 days...
The popularity of apps like bSteem are increasing and something I plan on using much more going forward to test out. As some one who has had nothing but trouble trying to adopt and use eSteem, this looks like a solid mobile app to capture the power and potential of Steem.
Big changes and excitement on the @Dlive front as well with the brand new soft launch of their in house Stream Servers. It's been remarkable to watch and be a part of. Such good people involved with Dlive and it's thriving community.
Forbes magazine did an awesome piece about how social media is going to thrive on the block chain with Steem being the example!
Not to be outdone, Bloomberg followed that up with an article about how the masses are coming to decentralized social platforms rather than sites like Facebook and YouTube.
And this was just in the past 7 days...
Safe to say, this is a great place to be and invest in...Long term, short term, whatever term 😉
But enough of the Steem propaganda and how much I love this community and blockchain, let's get down to the nitty gritty.
Our $100.44 investment has now risen to $104.76 after the first week.
We're not in retirement or lambo mode yet, but this is a great start to April.
What will the next few weeks bring us...But more importantly, what will we add to Steem?
We're in the perfect position to add massive value and continue to see this platform and blockchain grow and grow.... 💪
