I am a 25-day minnow in steemit. I am still considered a newbie within the steemit community if you look at how long I have been here.
When I first started steemit, I was reluctant to buy steem power but I do see potential in the platform.
I bought a total of roughly 100 steem power with 3 purchases of a total investment of around US$200. This is really a secret mission as my wife does not want me to invest in any risk.
The steem power that I purchased worth around US$600 actually at the point of this post. Is it really worth it? One may say that I made a 3 times of profit and it is a great investment.
To be rationale, the fact is that I am not able to withdraw this steem power back to steem immediately actually. I would need to power down to convert back to steem while the market is still moving.
I am definitely not planning to power down soon as I am serious in building up my steemit account even though I am a small fly here where there are so many giants and whales.
I have been posting daily as well as making constructive comments to other posts. I was said by others of similar days here without high steem power to be a fast growing member.
I have a reputation rate of 47.8. I have 280 followers with 564 posts made at the point of this post. The reputation, followers and posts do not come without daily effort actually.
I believe in steemit even though I am a minnow and I want to build my account. It is really a great feeling that my 100% upvote is worth $0.05 even though not much comparing to the whale who can give an upvote of more than $100 easily.
Investment in steem power is really up to your discernment and how much you believe the growth of steem and steemit.
Do you see the potential and you want to take a risk by dumping your hard earned money?
Could it be that investment that will just settle your financial difficulty in the future where you can earn a dream passive income?
Do your own research and make your own decision.
Decide not to regret regardless of the result if you have decided to invest.
If you do not want to invest, just keep posting and aim to write a good one where you can hope that a whale will upvote causing a ‘boom in your post. With the profit, you can purchase your steem power for free.
Don't get influenced by anyone and be your own boss.
The present steem price is sitting at the rate of $6.33 at the point of this post makes it hard to get more steem power actually for small flies like us.
Nevertheless, we can never know whether with the unpredictable market that steem price will be doubled in a few months' time.
As the saying goes, never invest with money that you cannot afford to lose. Invest with your spare cash and don't feel the pinch.
One of my followers, who followed my post, made a decision to invest in steem power and he also made a gain when the price was still low.
I hope this post gives you some ponders that do not push you to any side but provides logical reasoning of how you want to develop steemit if you are a minnow like me.
Upvote and resteem if you find this post useful.
Disclaimer: I am sharing my thoughts in my investment in steemit. This is not a financial advice and I am not an expert. Do your own research and make decision wisely before rushing into anything.