A bear market is a great chance to invest your money. Moreover, it is best to buy when everyone around is shouting that cryptocurrency has no future and its price is going to zero.

I could be wrong, but I think we are close to the bottom right now. So I decided to invest in some cryptocurrencies. I have spent the most money on STEEM cryptocurrency and I will explain why.

Reasons Why I Invested in STEEM

1. As I said before, I think now is a good time to buy any cryptocurrency. If you look at the history of the STEEM price, we are currently at this point:

As you can see from the chart, the price is very close to historical lows. This does not mean that the price can go even lower, but the probability of this is not so high. Even if the price goes lower, it will still go higher than the entry point during a bull market. However, I believe in the growth of the price of STEEM and I will give the reasons for this belief in the following points.

2. STEEM has gone through its worst times when everyone around it was screaming its death. This was a huge split in the community, most of which went over to HIVE. Thus, the price of STEEM has had a huge negative impact, but still it is holding on to the current level.

3. After the great split, the STEEM community is reviving, with many new members, many new initiatives.

4. Investors allocate a lot of money for new developments under the Steem DIP (Development Incentive Program).

5. And what I love most is that my investments aren't just waiting for the price to go up. During this time, the amount of STEEM I have is constantly growing, without my involvement. And this is not staking.

How to Make the Amount of Your STEEM Constantly Grow?

Detailed instructions:

1.I bought 18000 STEEM.

2. I created an account on steemit.com. A wallet is created immediately with the account there.

3. I moved my STEEM to the wallet of the created account.

4. I performed a procedure called "Pover Power Up". This converts my STEEM into Steem Power. Steem Power can be converted back to STEEM anytime, but it will take one month. This should be taken into account when the price will approach the mark at which you want to sell it.

5. Converting STEEM to Steem Power allows you to earn 2.94% per annum.

6. But more interestingly, Steem Power allows you to earn curation rewards. To do this, you just need to like the posts. Of course, no investor wants to spend time reading and liking posts every day. But there is a solution for this.

7. On Steemauto, I added my account to the WOX Curation Trail. now my account votes by itself, without my participation. At the same time, no one has access to my money.

8. Here are my curation earnings:

9. So 44 STEEM per week. (44/18000)*100 = 0.24% per week * 52 weeks = 12.7% per year. It would seem nothing special, but this calculation is wrong.

The fact is that as soon as you earn a curation fee, it is immediately added to your total balance. Therefore, at the next vote, curation rewards are already earned not by your 18,000 STEEM, but by 18,000 + curation reward. And it happens all the time. Thanks to this, the real percentage of growth of your balance is from 13 to 17% per year. Let's not forget about point 5.

The STEEM cryptocurrency has existed since 2016, it has its own history, has passed great tests and is developing successfully. Therefore, I hope that my investment will be successful.

Note: I am sharing my experience and am not advocating to do the same. There is no referral link in this post.