Everyone wants the quick hit. A web search of "get rich quickly" will net all kinds of results that can offer up ways to get wealthy in a few months (or even weeks). How many are legitimate is up to discussion?
Sadly, many come to Steem with the idea that it is a "get rich quick" scheme. Part of it is the marketing some nefarious members did a while back claiming to make $15,000 (or whatever) within 24 hours. This served nobody and only created a bad image for Steem.
I must state that I do believe Steem is going to make a lot of people rich In fact, I feel the tens of thousands of people who are on here on a daily basis will end up in that camp. Over time, we are going to see the price of STEEM explode. The reason I feel that way is because the on-going development is only going to make the Steem ecosystem more attractive.
The way Steem is set up bodes well for those who are accumulating STEEM (SP) at this time. As the numbers grow, it will be harder for each account to earn STEEM. Demand will also increase for the token since Resource Credits are needed for accounts to interact. As we see larger entities joining, they are going to want their users to be able to utilize their applications. This means they will have to power up on STEEM.
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I feel that even 100 SP is going to make people very happy. I used the term "rich" in the title which is obviously a relative term. However, I foresee a minimum of a $100 price tag for this coin at some point which means 100 SP will be a nice $10K Certainly that is not rich in the west but it is in many countries around the world.
Bear in mind that 100 SP is a bare minimum. We see, at present, 25,897 accounts with at least that many. There are over 11K that have 500 SP or more. Each week, based upon my following, we are seeing these numbers grow. The number of people that will be impacted keeps expanding.
None of what I am describing is going to happen by next Thursday. This is an ongoing process that will take a few years to unfold. Naturally, we could see the markets take off at any time and outpace the development I am referring to. If this takes place, great. Nevertheless, I look at it from the perspective that by 2022, we all should be sitting in a nice position.
Success on Steem requires effort. One needs to build a following to receive decent rewards. Having the ability to write is only part of the equation. Much of this is a social media platform which means interaction.
Fortunately, there are ways to get upvotes from large accounts instantly. Using an application such as @actifit will generate an upvote from an account with over 300K SP. The only requirement is to get in 5,000 steps on the application.
I never sat down and looked at the number but I surmise that fulfilling the requirements of this application each day for the rest of 2019 would probably get a new account close to the 100 SP. Throw in efforts in other areas of the ecosystem and one can see how 500 SP is possible.
Make no mistake. It takes effort and a bit of luck. One thing I found is consistent posting and activity means there is a chance, once in a while, a larger account will come by an provide a random upvote. These are the bonus babies
In my mind, Steem provides an opportunity few have elsewhere. Even without any seed money to buy STEEM, once can get active, interact with others, and start growing an account.
If one does this, I believe the payoff a few years from now will be great. Mind you, one might not amass as much wealth as some others. It will not happen quickly nor will it be handed to anyone. However, the opportunity is there for everyone; it is up to the individuals to decide if they want to take it or not.
Ultimately, it is about bringing value to the ecosystem. Attention is value. Start to apply it on this platform and rewards will come. Using the different applications enables one to net votes he or she otherwise would not garner. Also, as the SP grows, one is able to comment more, bringing in even more STEEM.
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Steem is a compounding machine. Take the time to put in the effort at the beginning, when few results are seen. People who do this tend to see larger results in year 2 and 3. As the baseline grows, so does the payback.
The key is to start and keep going. There will be ups and downs. Frustration will grow. This is all part of the emotional roller coaster we go through. Yet, if one looks at it from a longer term perspective, the opportunity is clear. Persistence pays off.
We have over 1M accounts yet less than 300K have even a single SP. The Inactive category keeps growing each week. Essentially, there are many who joined in the early stages yet left.
The opportunity exists for those who take it.
Steem is going to make a lot of people rich and it will do so slowly.
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