Despite so many good things happening on Steemit and the use of STEEM, the price is down and time to buy. STEEM has fallen the past couple of days and is now around $1.11 and this is a great opportunity for those that will take advantage of it.
While Bitcoin has been on a meteoric rise since this time last month, STEEM has had a hard time finding it's footing. That doesn't matter and here is why.
Steemit is one of the greatest places to learn about crypto and as more and more people start to dive into the world of cryptocurrency, Steemit will grow. It can't help but grow.
With the value of STEEM being so low right now, it gives all of us that are already using the platform a chance to buy more SP and build up our wallet.
Right now, I will changing all of my SBD rewards into STEEM Power using Blocktrades. My goal is to build up my account when the price is low and then reap the rewards when the value goes back up.
One thing we all have to remember being on Steemit is that it is still in Beta. It is still new in a new industry. With Bitcoin really getting a lot attention right now, that will filter down to other cryptos that people can actually use. There are so many coin that have some grand plan for the future but are not being used. STEEM is part of a great community that has thousands of active users that is being used. It has a function and fulfills a need in the crypto space.
(all gifs from giphy.com)
My final analysis, STEEM will go back up and now is a great time to buy!
What do you think? Are you investing in STEEM now? Let me know in the comments below.
To my followers, you are the fuel to my fire.