STEEM, like all Cryptocurrency 2.0 tokens, gives people a couple of options.
This is different from traditional currencies like the USD. Under this system, one has the option of income. Sure, you can use the currency to build wealth by investing it in other financial assets which either appreciate or provide some type of return on investment. The currency itself is not going to appreciate.
STEEM can do both leaving Steemians with a choice.
When acquiring STEEM, the token itself has the possibility of becoming worth more. In fact, we have seen this occur over the past few months. There is no need to buy another financial instrument. Just holding the currency puts one in the position to profit from any increase in price.
At the same time, if one moves STEEM and SBD to SP, one can influence the return he or she gets through increased voting power. This will affect both personal upvotes and all curation. Here again, we see a technique which can be used to build wealth.
In my view, building wealth should be every Steemian's primary objective. We are in the early stages of the cryptocurrency/blockchain movement, one that STEEM is really poised to take advantage of. For that reason, there is a very good chance that STEEM will be worth a lot more in the future. While many might say this is wild speculation, when you consider the technical capabilities of this blockchain along with the present user base, it is easy to conclude there is a lot of room to the upside.
I make no secret of my forecast of $100 STEEM. Consider how much different your account will be if all the STEEM you accumulate is moved into SP. Taking 100 STEEM out now pays you roughly $600, a nice sum for simply posting, upvoting, and commenting. However, a year from now, if my forecast is correct, that same STEEM will be worth $10,000.
Which would you rather have?
Of course, there are many people on here who are using STEEM to help pay the bills. That is one of the wonderful aspects of this blockchain. STEEM is already changing the financial lives of many people. My guess is over the next few years, this number is going to grow into the millions.
Therefore, if you are one who is in a position of need, by all means use the STEEM as you have to. I understand that concept since I could well be in position to have to pay my bills out of STEEM (and other avenues) in a short period of time. For the moment, I am trying to hold onto the income as long as I can while I amass as much STEEM as possible. Over time, I believe that STEEM will appreciate in price meaning less STEEM will be required to pay the same bills.
The decision of using STEEM as income versus building wealth is a personal one. However, as I stated, even if you are taking STEEM out, each Steemian should be focusing upon building wealth. The opportunity here is life changing. Hence, my suggestion is to do both if you can. While taking some out because of necessity is the only choice for many, try to leave some in to grow.
I can promise that in a year, you will be happy you did.
2018 is going to be another big year for cryptocurrencies. HODLing some STEEM to take advantage of the upward ride is a wise move.
Personally, I want to see every single person on this site become financial free. STEEM is a wonderful path to achieving that end.
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