Can we say steem is a alternative financial system? I think it is better alternative compare to bank.We have so many financial system to keep our valuable money like pension fund,savings,current account.Banks gives us a certain interest for our stored money.I think steem is the better option to keep our money.I mean we can get more interest and more profit by steem.There are so many difference between bank and steem.
Bank always give a certain interest.Because their interest rate is fixed.But steem is not like that.How much you want to earn, this things up to you.You can use it by curation others.Also you can earn as a author.You can roll your money by this way.Such as banks give you interest for your money,By keeping money on steem, you also can earn money more than bank interest.
Above i only compare banking interest with steem curation.I think it will be 200% more profitable than bank interest.But the big things is your stored steem or steem power you can sell it when steem price goes up.Thats profit will be 500% to 2000%.It is not fixed.It depend on market.I want to show some example for clear everything.
Banking System vs Steem curation
- Bank Interest
If i keep 5000$ to my saving account then bank will give me 50 dollar monthly (based on 10% interest rate).If i store it one year in bank then bank will pay me total 600$ yearly profit.
- By upvote own post
If i invest those 5000$ to steem then i will get 31000 steem (steem price now 16 cent). If i use it to give curation others post then your 31000 steem power upvote value will be 22 cent.If you take everyday 10 vote on your own post. You will get 66 dollar monthly. If i calculate it yearly then the figure will be 792 dollar.
- By upvote Others Post
If you give your all 10 upvote to others then you would get 50% curation reward. So, your daily earning will be 1.60 Dollar.Monthly 48 dollar.Yearly 576 dollar. This ratio is less than bank interest.But it will create your own community.So, others steemian will give upvote to your post.Ultimately figure will be more profitable than bank interest and own vote.
- After selling my total steem
Above i only discuss about yearly profit.Now i want to focus on main asset. I bought 31000 steem by 5000$ when it was 16 cent.When price will go to 5 dollar or above.Then i will sell it.That time profit ration will be 3000%.I will get 150000 dollar.So my net profit 145000 dollar.
You can say when steem price will go to moon? Nobody knows.It can be go in this year or after 5 years.I mean i have better profit here than bank.So, time is not big factor here.I am using steem here and taking my profit daily.Which is better than banking system.
I just say my thinking.I must prefer my saving money to invest here, not to bank.I know the full ecosystem of steem.Who does not know about it, he will keep his money to bank.
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