I don't have much time this morning because I gotta go and work at my old job for a day but I'm happy to report my dad is in the profit when it comes to his STEEM investment he made about a 110 days ago.
A 110 days ago he bought 12,800 STEEM with 5000 euro.
That STEEM has been passively generating more STEEM for him since that time.
It's now 13,597 STEEM.
And with STEEM at $0,48 this morning that's: $6,650 or 5906 euro.
On paper he's in 18,12% in profit in Euro's and he has about 700 STEEM more than he started.
That's a nice change from the floating loss he still had 30 days ago.
Things sure can change fast in crypto! I can't wait to tell him :)
Steem is so different from other crypto and I'm surprised so many can't fathom the idea of how it's distributed.
Instead of all the inflation going to the miners to secure the network and verify transactions only 10% of the new STEEM inflation goes to Miners (witnesses) to secure the network the rest is distributed through stake to all the users of the platform in one way or another.
Anyone with a stake in the platform has a say about the distribution of new STEEM every single day, over and over and over again.
This fact alone is extremely powerful wether you are an active or passive investor/user.
I am part of witness @blockbrothers.
Please consider us for your witness vote if you think we deserve it here:
Vote for @blockbrothers via SteemConnect
Set blockbrothers as your proxy via SteemConnect
We are the creators of Steemify a notification app for your Steemit account for iOS.
Get it Here:
