Well, well, well. It seems that the crypto market had a Valentine present for the Steemians! It looks like we finally do have lift of again. Okay we are still far away from our all time high, and the question is if we will ever break this record, but we are outperforming the top 2 of the cryptosphere!

Normally I only write a steem portfolio update once per month. But with this spike in price it is nice to see which impact it does has on my steem portfolio.

Portfolio

Steem Power

We are only 14 days far in the second month of 2020 but the growth so far for this month is amazing.
At the beginning of the month, I was the proud owner of 6094.974 SP. This did represent a value back then of $983.12.
Now 14 days later, we do have complete different figures. The combined SP now is 6362.148, representing a value of $1740.04. Can you spot the difference.

The growth in SP was only 267.174 SP. Not impressive. Still an increase of 4.38%. But if we do have a look at the growth in value we have a figure from a complete different ballpark! The value of the SP did grow with $720.92. People we are talking here about only 14 days remember that! This does represent a growth of 76%. It gets even more amazin when we do compare the current value with the beginning of the year! The price of steem did double up, resulting in a growth of 142% in value.

Outperforming BTC and ETH

The great thing is that we aren't outperforming BTC and ETH becasuse they had a decrease in value. No way, they also did grow. A growth with figures to be proud on. BTC did increase 39.14% in value this month, while ETH did also double up!

This is making the purchase of steem more expensive with the day! At the beginning of the year Steem was worth 0.00001773 BTC and 0.0009579 ETH. But now you do have to pay 0.00002697 BTC or 0.00103371 ETH.

How does this come?

Well there are of course the rumors of some bigger crypto guys investing into steem, which of course does help the value. But there is more than that!
In the beginning when I did arrive at steem there was only the blogging part. But nowadays Steem has become much more.
We do have the communities kicking in, which makes it easier to connect with people with the same interest.
We do have smart contracts in place, even up to such a level that a regular John Doe could create a launch a steem token.
We do have plenty of games, and more and more games are coming. We even do have our flagship game #splinterlands which is trying to conquer the gaming world. And listen to me very carefully because I will write this down only once. They could become a big star! The game is great and they keep on tweakening the game. Also the economic model behind it is rock solid and more important they are not affraid to admit that if and when they did something wrong. Not only admitting it but changing it so that the game is future proof!

We don't only have the games, but also the dapps. Some dapps which even can exist in the future as a more or less stand alone dapp. Take #actifit and #appics for instance. Both could have an impact outside the steem ocean!
Probably #3speak also but I don't use this app, so I don't have much knowledge about it!

Portfolio share

In the beginning of the month my steemmonsters collection did have a 50% share in the overal value of my steem holdings. But this is decreasing. Not because the cards have become worthless but because all the rest is rising!

Look everything is rising:

So why are you waiting for? Why don't you jump on the steem board and fly with us to the moon! The sky is the limit! Not only value wise but also the possibilties for content creators, investors, game developpers and so on! At the steem blockchain you are only held back by your imagination!

And if we don't, we at least all made friends for life!

Cheers,
Peter