We're not talking huge amounts of money, but it makes sense to invest more into Steemit
Like most people it started with Bitcoin, then litecoin, Ethereum, then different altcoins I really didn't do much research into. For example Siacoin (Sounds cool with decentralized cloud storage) and so on. But I didn't have any knowledge about the fundamentals in these coins.
So tonight I sold some of them and bought some more Steem, and got myself a little bit more Steem Power. And I'm ready to sell them all and buy Steem with the money instead. I will still own Bitcoin, Litecoin and Ethereum, but the coins i bought for pure speculation is slowly being sold.
Why?
I spend time on Steemit and by creating content and upvoting and commenting I am making even more Steem. The more Steem Power I have the more Steem I make. Unless Steem becomes totally worthless, it makes sense to hold my attention here.
The fundamentals look good. Steemit is still a platform 99% haven't heard about yet. Just the fact that you're on here means that you are much savvier than most people. Buying Bitcoin, sending bitcoin, converting bitcoin to Steem..mentioning these things to people will result in a blank stare back at you.
Steem prices are LOW.
Right now I feel like I'm in a pretty good position. I have invested a little bit into Steemit. But if it goes to hell, it's not more than I can lose without any issues. Sure, if would feel bad to have spent so much time here for nothing if it becomes worthless. But at least financially wise it wouldn't matter.
If the prices fall more, I can still doubble down and buy more without it being a big issue for me.
Steemit has in my opinion incredible upside. It really overshadows the small potential for it being worthless.
To the MOON!
(This is not investment advice, but my personal opinion)