I closed down my savings account a little while back and was wondering, "Where do I put a couple hundred bucks now?". Well, after I discovered Steemit I decided to try out $400. It's an interesting feeling when you see the prices rising/falling, it gets your heart beat going up. It's exciting!
But even more so than just that, it's motivating to keep coming back everyday and to have the account worth going up due to posts/curation/comments and sometimes the prices. I decided to deposit every affiliate paycheck I get now (It's not much, it's like the lowest income out of all my diversifications so far, only like $20-30 per month but it's something!) in here and I'm trying to to have an account that'll be worth a few thousand by next year.
The only con I guess is that if the price ever goes up insanely, it'd take 13 weeks to get the money out. I understand the long term investing, but I wish it was a month or two shorter. I'm not going to withdraw my money out of here unless it's like 100x the price of what it is right now, but honestly I'm not even concerned with that.
I will diversify my "savings" as I'm able to put more into crypto, but I feel it's still a safer bet than putting it into a bank account to rot. Buying power goes away after a few years due to inflation and if you owned like 10-15 coins, I think 5-10% increases each month are normal to see IF you keep betting each day. Only 30 minutes daily and you can reap some epic rewards. Also with Steemit, it's interesting how if you think about the price rising.. if your post only makes 10 pennies, in a year it could be worth a $1 or even $10. Remember last year? The price went to a few dollars. And now it's rising again. Exciting times up ahead!
