I woke up this morning and I saw that Steem was on the rise yesterday but I did not expect this. It was around 3 dollars last week, now it's almost 8 dollars per Steem. This is extremely exciting and also a little bit sad for some of you that want to invest even more into this cryptocurrency. I hope we will eventually see Steem go to $10 $20 and even thousand, just like Bitcoin, that would be incredible and I think it will eventually get there.
WHAT DOES IS MEAN?
It proves that Steem is working and people are investing and that's always a positive! Another positive is the Steem dollars are also on the rise. Steem dollars are close to $10. This shows that people are going to want Steem dollars because you can use these to influence yourself on Steemit website. Steem might drop back down, but I think I'm gonna keep investing in Steem because I see this in the long run.
HOW TO BUY STEEM
Coinbase is the easiest and the fastest and seems to be most reliable right now. Once you have your account set up and you have it funded. You can fund it several different ways, with a credit card, Paypal or your bank account. Just be aware it may take up to 5 to 7 days to fund to Coinbase account then you purchase Bitcoin, Ethereum or Litecoin. I suggest you used Litecoin or Ethereum cause it's much faster and less transaction fee. Once you have any of these coins in your wallet in Coinbase. The first thing you'll need to do is go back to Steemit. Go up to the menu, the three bars right to next underneath your profile and click on it, the drop-down window, it says buy Steem. Click on that
It's going to take you to Blocktrades. You don't have to sign up or anything as part of the process. Now when that window opens up that page, it's going to say Blocktrades at the top and you want to make sure where it says send. You can choose the coin you bought. For example here, I bought Litecoin. Where it says receive the estimated amount. You want to click on receive in Steem and fill out the username and then you're going to click get deposit address and when you click that.
You're going to come to the next page, where it's gonna give you an address.
Copy that address go back to Coinbase and you want to go on top of the menu and it says send and receive. Click on send and a drop down box will open and you're going to paste in where it says, recipient. Paste in that address that you got from Blocktrades then you're going to fill in the number of coins that you have and then you're going click send funds now. It could takes up 10-15min before it actually shows up in your Steemit wallet. You get a notice in the email that Steem had arrived in your account.
The purpose of buying Steem is not only it will go up in value, but the main purpose is to power your Steemit account up.