Vlog 205: STEEM is the perfect long term investment.
I had a nice comment on one of my post yesterday.
I was asked to look at an ICO on the Ethereum network that will specialize in game streaming.
I briefly checked it out and as usual the website looks amazing and they have a nice team as well. But my biggest problem with it is that it doesn't work yet.
Now, I believe most people invest in ICO's to make fast money. 10x, 20x ROI is not unheard of. But that's not really investing in the project. Is it? It's just a quick flip.
It got me thinking.
On the STEEM blockchain we already have a functioning Streaming service that is being monetised every day and it's called Dlive.
In fact they recently updated there mobile website here and I checked it out and it works fine.
I watched someone playing CS:GO for a couple minutes and monetising his stream. Perfect!
So I'm already invested in a game streaming service that is far ahead of anything else and therefor I see no need to invest in this ICO.
How am I invested in Dlive? I have STEEM tokens. It's that simple.
Now I usually look at STEEM tokens as tool that gives you more influence on the STEEM blockchain, which is true.
But there is way more to it.
It also makes me a long term investor in EVERYTHING that is build on top of the STEEM Blockchain because STEEM drives everything. Now and in the future.
I talk about it more in my vlog.
I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.
We build Steemify a notification app for your Steemit account for iOS.
Get it Here:
▶️ DTube
▶️ IPFS
Steem Blockchain has already got the features which most ICO's are proposing now... Instant fee-less transactions and the capability to handle huge volume on transactions quickly , are the USP's of this great platform. Don't just run after making quick money in fake ICO's, Stay invested long-term in potentially the best blockchain at the moment.
Definitely the best blockchain at the moment... and with a big first mover advantage in the fee-less transaction/social media space
amazing post my steemit friend wish you good luk
Always the safest investments are the long ones
Yeah that’s what I’m going to do. 🤙 So I do have a question though, knowing many got in when it was a buck, now it’s higher, have I missed the train 🚊??? Or is it still good for me to invest in Steem? I recently converted some of my bitcoin over to Steem, but just feeling it out...
Worked flawlessly on @blocktrades ... also is blocktrades the only way to get my money in and out of Steemit? ☝️🤔
yes friend steemit is a perfect n long time investment.😊
Dlive is part of Steem which I haven't really explored. Now you have moved it up my to do list.
Will add to my list of things I explain as to why Steem is the best investment out there vs all these pure hype "look what we want to do" coins.
@exyle,
If someone ask me about ICO again I will guide him/her to this article! You are absolutely correct and you explained it very well. We got the best, we got everything within it! Why we waste our money for something that did not birth yet :D Excellent thought friend!
Cheers~
My Brother @ishnuala is a game streamer looking for other alternatives to invest in this field besides being a slave to youtube. So I convinced him to take up steem and try out Dlive. I think if he puts the effor this will bring him great rewards and at the same time great content for the platform. I will mentor him in everything I've learned so far but I am quite sure he will pick it up in no time.
Good work, things might be slow at first but over time the rewards will be huge for the first adopters of dlive
I just updated you i love that comment. i made a video to promote steem on dlive but was not voted the the i wish. the project was a sincere one.
He should. Dlive is a great platform.
Dlive is very nice you dont need to get 10000 view before you can earn.
steemit is my open heaven for now. the best working cryptocurrency for now.
Excellent video friend and i totally agree with your thoughts that we all have to do a proper research before investing in any crypto or blockchain and at the moment investing eth ICO is pretty risky because they won't able to find the solution of scalability and also their tx fees is quite high while on the other hand steem has no scalability problem and it also has zero tx fees and one more cool thing about steem blockchain is that it won't consume electricity as it is mined with proof of brain and stake, so i think at the moment investing in steem is no doubt a wise decision, thanks for sharing your nice thoughts with us, it's really helpful for me, Stay blessed
Right now, crypto is a lucrative market. Most people are in it to make fast and easy money. It s usually a major crash where people start re-evaluating their intentions and reasons for putting money into any market. Once people calm down and are put in a situation where they aren't just thinking about money anymore, they will think to themselves, "hmmm, what can blockchain technology actually do?" This is the eureka moment I believe because it is the moment that people start seeing the crypto market as something that actually has utility. In my opinion, that is when people will realize the power of Steem. As of now, people are just chasing the money and pumps. In the future, they will realize that most of their investments are into projects that don't even have a functional blockchain yet.
My 2 cents.
Every other social networking platform that will start now, will be playing catch up to Steem because Steem is so far ahead and with the number of great developers working on different projects, it won't be long till Steem becomes the number one place for social networking.
People will start to ask themselves why they should spend time on the other platforms and not get any rewards. Will be super exciting to see how much growth Steemit will see in 2018. 5-10x growth in users doesn't feel too unlikely considering the amount of newcomers just the last 2 months.
Also feels like we will at least see 5 other platforms that will do the same as Steemit. Since the global population is so huge they may be just as successful as Steemit. Doesn't have to be so competitive since with decentralized systems the market is becoming open for so many others. Think it mostly will be win-win for everyone.
Mostly curious what the big guys like Facebook, Twitter and Google will come up with to compete. Would love to see a YouTube token! But we are probably still a few years away before the big platforms starts to pay attention. Steemit can get a big advantage because they are so early in this game. How it's driven by passionate people. The problem with the big companies is it takes longer time for them to make their moves. Small companies can exploit this by working faster and adopt new trends before the big fish.
I guess you're right. Steemit has a better foothold than these "upcoming outfits. I understand why you see no point in investing in that particular ICO. I haven't come across Dlive though but now that you mention it I'll look into it.
Smart points! Especially the point about DTube, DSound and SMTs (omg I just realized I know what SMTs are! :))) I only heard them referred to as smart media tokens, not as SMTs, and now I wrote the acronym and answered my own question :) )... anyway... I still wonder about the inflationary nature of Steem and how that relates to it as a long term investment. Any thoughts on that? Thank you!
STEEM inflation is 9.5% at the moment. And it will get less every year.
Yes, I know. But in terms of investment, does it mean that for every 100% I invest into it I will get around 90% back? I can't wrap my head around it... Would be helpful to see an example with actual numbers. Say I start by investing €100... and then what?
I thought it was 100% a year inflation rate?