Watching the "Unraveling:" Now is the Time to Get BUSY!
Watching the events unfolding across the Cryptosphere in the course of the last week or so is definitely not for the faint of heart.
So much "value" erased, in just a few days. As I write these words, our own Steem token is close to 18 cents, a level — if you had asked me, some months back — I would not have expected us to see again.
Watching all of this unfold makes me feel very grateful that I am not actually in the markets, these days! Most of my "exposure" exists in the form of my modest stake of Steem Power... as I expect holds true for quite a few people here.
Sifting through all this wreckage invites the question: "What happens now?"
Something to remember here is that Steemit and Steem are not really "at fault" here. In essence, nothing has changed here, at the "local" level... the precipitous decline in the price of Steem and SBD are simply tied to broader market sentiment and FUD.
Nothing "went wrong."
In some ways, we might even be better off than most, because there is actually "something" here — a blogging community and various other dApps — which a lot of purely "financial" blockchain projects don't have.
The one thing worth noting — which I remember well from a time in the past when the Steem token was approaching seven cents — is that we actually have an opportunity to earn more tokens when the price is low, and thus to build our Steem Power for the future.
Why?
Well, when things get tough, a lot of people just give up and stop posting... which means the "rewards pool" gets divided among fewer people... the ones who are still here and moving forward.
Just something to take into consideration, before you choose to "run for the hills!"
Thanks for stopping by, and have a great remainder of your week!
How about YOU? Does the low price of Steem discourage you? Or do you plan to keep moving forward, as usual? Do leave a comment — share your experiences — be part of the conversation!
(All text and images by the author, unless otherwise credited. This is ORIGINAL CONTENT, created expressly for this platform — NOT A CROSSPOST!!!)
Created at 20220511 21:49 PDT
x420
Discourage? No. Because I am primarily concerned with reading, writing and learning. My horizons have broadened enormously in the past few months thanks to input from the Steem. And I say that even though I have travelled a lot and go through life with my eyes open.
So I am not discouraged. But I am perplexed. I still don't understand some of the connections. Some things I see in a similar way to developments on the stock exchange: sales have an effect, there is inflation here too. But other things are and remain cryptic to me. I live with it quite well ;-))
Entmutigen? Nein. Weil es mir in erster Linie um Lesen, Schreiben und Lernen geht. Mein Horizont hat sich in den vergangenen Monaten durch Input vom Steem enorm erweitert. Und das sage ich, obwohl ich viel herumgekommen bin und mit offenen Augen durch's Leben gehe.
Also entmutigt bin ich nicht. Aber ratlos. Einige Zusammenhänge erschließen sich mir bis heute nicht. Manches sehe ich ähnlich der Entwicklungen an der Börse: Verkäufe haben einen Effekt, Inflation gibt es hier auch. Aber andere Dinge sind und bleiben kryptisch für mich. Lebe ich ganz gut mit ;-))
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