Appics ICO Should I Invest? Buy more SteemPower or keep the Bitcoin?
In the last couple months I have seen a few articles and YouTube videos covering Appics. The new ICO and first Smart Media Token to run on the Steem Blockchain. As im doing research on a Sunday night I am weighing the Pros and Cons, as well as trying to figure out if this is something worth investing in. It appears to be a great project.
My real concern isn't weather or not it will be a success. It looks to focus on more of the mobile and on the go crowd. A paid Instagram running on the blockchain. I am sure that this will fill the niche that many of the, "on-the-go, can't leave the house until my morning selfie gets 25 likes" millennials need in their life. The real challenge I am dealing with, is deciding if I should invest now or wait.
Currently The Appics ICO is in round B of their funding. By jumping in early and making a contribution of 2500 dollars, you will receive a 10% bonus. I am just trying to figure out if this is worth it right now or not. I would plan to fund the transaction with Bitcoin. Really it comes down to three options.
Option 1: Send 2500 in BTC and join in on the Appics ICO. I would receive an extra 10% bonus for joining in round B, and I would lock in the price at around 15 cents a token.
Option 2: Spend the 2500 on additional Steem Power for my account. Use the SP to continue building my account, and start creating income now with that SP. Down the road, I would be able to buy some Appics tokens with the income that was generated with the SP between now, and when the app actually launches.
Option 3: Just keep the Bitcoin. Many of us are hoping that the bottom is starting to build in BTC. Bitcoin has already risen about 5% since I started looking at the round B ICO, that is half of the bonus right there in extra buying power. Could that 2500 in Bitcoin be worth much more by Q4 when Appics finally launches?
What do you think I should do? What are others doing in this situation? Leave a comment below and help me through the decision making process!
-steemengines
Update So I decided to go with Option #2. Well, not completely the plan that I laid out in option #2. But, I decided to add 1000 SP to my account. Its not a ton, but I am slowly reaching my goal of 10,000 Steem Power. I figure I can always pick up some Appics with my earnings in Round C, or after launch. I also believe that we should be at a turning point soon with the price of BTC, so I don't want to spend too much BTC at these low prices. I chose to go with Steem, because I can start putting it to work now, and if we are nearing a bottom, Steem should rise along with everything else.
I'm excited to see what the future holds. Thank you to everyone that voted and commented! I really appreciate the support. My love for this platform grows the more that I use it. My only wish is that I had my time to be able to commit to it. Thanks again everyone!
Absolutely good and True idea buddy :))
i think option 2 and 3 should be better
additional steem power means additional income
and keep bitcoin as it has very bright future.
there are some positives in the way it will soon start upward trend
thanks for your input. I hope we are nearing the bottom of this bearish trend as well.
we need to wait and watch !
alot of expectations on crypto
I like this and Resteem sir thank you
Thank you for the ReSteem
Good information , i think SP ..because Steemit Gold project for me :) )) )
I know that you love Steemit :) haha thanks buddy.
yes yess :D D: :D:D
In my own opinion i you should buy more steem power...because steem is growing at a faster rate and very soon steem power wil be expensive to buy
I agree with you, and that is exactly what I did! thanks for the input!
If I was at your position Or I had these 3 options then I prefer option 1 & option 2.
I mean by looking at APPICS Project it will be worth investing in that project. But Choice is yours...
In Option 2 (preferred), As steem prices are down. You can invest in steem power & start getting some income. Yes, when APPICS will launch then you can easily buy those token with the income you got from steemit.
I can just pray for you & wish you best of luck. I wish I could also have that much money to think about these 3 options :D lol
I was kind of thinking this maybe the way to go. I could create some steady income with that SP, and then convert it to Appics. They also except Steem in exchange for their token, so I could build a position as I go.
-By the looks of your photo, you are just out of school... give it a few years and you will be able to afford more things. Also, you are in a good position now, you are still getting into crypto early. You will be ahead of many that haven't discovered crypto yet. :)
Thanks, I appreciate that.
By the way, it's been 2 years I graduated in Computer Science & doing a Job as an SEO Expert in a Web Development Company on $300 Per Month. I know things gonna take time that's why I jumped on Steemit for making some extra money. I came here on this platform for Money but staying here for many other reasons.
I believe @appics will bring many more people to the steem blockchain and cryptos, because it is created to be used on smart phones, and it has a market within its qualities.
So, I would go for option #1.
I agree with you and think that the mobile market is going to be a Big winner for this project. The number of users on Facebook is much higher through their mobile App, then it is on the desktop version. Thanks for your input! :)
Appics is the new generation of social media App as said that is built on the steem blockchain. It's the first App on SMT that is also decentralized for all it users and all activities on it are monetized. It works exactly like instagram but the difference is, it's monetized and it has different categories in it too. So, this will be a worth investing in APPICS.
I can definitely tell that many are excited about this project. I read something about influencers and everything. This will be a direct competitor with Instagram. If the average user is getting paid, I don't know why people wouldn't switch. I will for sure be investing some into this project. Thanks for the advice. :)
I would suggest you to invest in APPICS. I am seriously stoked about this platform. In reading the White Paper it is going to be a lot easier for the average user to understand how it all works than our beloved Steemit!
Still we don't know on which exchanges it will be trade but seems like a great project.
I agree with you. I do love Steemit, but it is still a bit too complicated for the average user. Something really just needs to be Simple Simple Simple, to gain mass adoption. We are getting closer. :) Thank you.
Well I thought that I will not participate in the ICO of APPICS just because I don't have the funds to invest the $5000 for round A or the $2500 for round B.But I'm definitely jumping in on Round C. And believe me, this project will get a huge success.
If I don't end up jumping now now, you can bet that I will be picking up batches of tokens in round C as well. Im with you and I think that this is going to do really well.