💸💰 STEEM: Take The Long-Term View: It Will Create A Great Deal Of Weatlh

What if I told you that you could put in a few hours every day on STEEM and have a minimum of hundreds of thousands of dollars 5 years from now?

Would that interest you?

What if, instead of 5 years, you only had to do it for 3 years?

Are you interested now?

Well, my friends, that is the opportunity before you. Many look at STEEM as a social networking site and a place to earn a few dollars (Euros, Yen). Yet STEEM offers so much more than that, something many others are seeing.

Of course, there are those who come to STEEM, get frustrated and leave. They start espousing how there is no way to make any money here. Or that the payout system is unfair whereby only the rich are getting richer. Regardless of the justification, these people leave.

I am here to tell you STEEM might be the greatest opportunity that most on here will encounter. It is a system where one can come with no money and has the opportunity, through time and consistent effort, to generate more wealth than average person in the world ever thought possible.

Yet many still find fault with this.

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In the technical world, the term "exponential" is used to describe growth. When we look at the financial world, that uses the word "compounding". Both mean the same thing. What went before is built upon so that the place arrived at is not a linear progression but a might greater one.

Here is a chart of how that looks:

One thing that pops out is the amount at the right hand side is much larger than the left. This is the power of compounding growth. Notice the principle stays the same, the interest no compounding goes up a fair bit, but the compounding interest goes up a great deal.

The key factor in this chart is time. As one goes further right on the scale, the time element kicks in, causing greater returns.

Why do I mention all this? Because too many people give STEEM a couple weeks and then leave when they do not have thousands of SP in their account after that time. They do not realize that there is a compounding effect that needs to occurs.

Let us look at some of the ways STEEM, as an ecosystem, is compounding over time:

A. More users signing up each day
B. Smart Media Tokens
C. More Applications being created
D. Automated Sign Ups
E. Growing familiarity of cryptocurrency
F. Facebook and YouTube upsetting their users
G.Communities
H. Utopian.io creating more open code for developers to use
I. The "Network" Effect
J. Better ranking in the search engines

I am sure I missed a few but that is quite a list. Each of these serves to make this blockchain more valuable. In turn, we should see the price of STEEM keep increasing over the next few years as this compounding effect takes place. The growth of this token, in price, should mirror that graph I put up. The only question is how fast is the growth rate?

As you can see many factors on that list apply to the growth rate of users. This is an important dynamic because it helps to kick off the "network" effect. At a certain point, people will need to sign up simply because all their friends are on here. Take an application like Zappl. People most likely will not come over in isolation. People run in packs on Twitter so it just stands to reason that it is going to take a few well-known people to really get that app going. However, if a well known person suddenly posts "Find me on Zappl", that will bring thousands of people over.

We also need to look at the way one's account is compounded.

As one spends time on here, interaction increases. One gains more followers. In short, you become more well known. This only helps your STEEM account. Earning SP is dependent upon the upvotes you get from others. To get those upvotes, one needs to socialize. People upvote people they know and like. There will be the occasional person who sees your vote in one of the sections, yet that is not the norm.

Therefore, the longer one is here and interacting, one's following grows at a compounding rate.

Another factor is powering up. Each SP that goes into your account makes the upvote worth more. Sure, in the beginning, it is an insignificant amount. Yet over time, 1 SP becomes 10, which grows to 100, and so on. I am watching people now, who had almost no SP 2 months ago, now approach the 500 SP level.

While that might cause one to say "big deal", keep in mind at $4 STEEM, that is $2000. Even using a linear return for the rest of the year, that is $12,000 in a year for posting, commenting, and upvoting. Do you know anyone who would turn down $12,000?

Here is a secret: If one's stays active for the remaining 10 months under the scenario I mentioned, it is impossible only to earn $12,000 for the year. The fact that the VP keeps increasing means that the individual will progressively earn more money with each passing month. The key is to remain active.

STEEM is not a get rich quick scheme. As you can see from this post, time is a key element. So is activity. However, if you combine both of them together over the next 2-3 years, you will have hundreds of thousands of dollars in your account (as long as you are powering up). There simply are too many factors creating exponential growth which will compound all of our returns.

So I ask you, is a couple years of dedicated effort for a hundreds of thousands of dollars worth it?

STEEM is a place that provides that opportunity.

If you found this article informative, please upvote and resteem.

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