So you want to be a steem millionaire. Are you ready for the first question? Here it comes!
What will you do to the steem you earn?
a) I will sell it all when I get it
b) I will keep most of the steemit as steemit dollars
c) I will keep all of the steemit I earn and transform it to steem power
d) I will sell most of what I get
Image source: Flickr - Enkhtuvshin
The right answer is: c) I will keep all of the steemit I earn and transform it to steem power
Ok, I'm just having some fun writing this article. The truth, however, is that if you want to be a steemit millionaire that is your best chance, along with just buying steem.
Why is that?
Well, by keeping the steemit you earn at this point, can potentially mean that you end up having tens or hundreds times more dollars for each steem you own. However, this will take time. You will have to take a chance by collecting steemit and hoping that it will rise. Actually, it is most likely going to rise.
Why will steem be worth more?
I believe that due to wider adoption steem will become more valuable. We are currently growing at approximately 5% per week if I am not mistaken. This means that we will double in size roughly every 14 weeks. This will mean that there will be about 400 000 steemit accounts in 13 weeks and 800 000 in 27 weeks. In just a few more weeks we will reach a million accounts. By that time there is a good chance that the value of steem will have become 4 times more valuable. Meaning that it might be that you only need about 125 000 steem power to become a steemit millionaire.
Isn't that a lot of steem power?
Yeah, I think it is. However, lets look at it this way: you have 20 000 steem power, it will be worth $160 000. Doesn't that sound nice? I think that is going to be very possible for many people who have started so far and are contributing quality to the community. Don't forget, that you will have much more power overall in the steemit community when it grows. There will be more and more people who will be reading your posts. Of course you need to keep producing quality so that you will earn steem. But by writing, you learn and it becomes easier.
Do you really think I can manage that?
YES! I think everyone who can write can learn to make quality posts. Don't be discouraged if you struggle now. You have time to learn.