Ulog 7: Calculated Risk

The price of steem went down drastically to a new low that had not been seen for many months.

Everyone is always envious of the early adopters when the steem price was low and the sharing in their articles about what they would have done if the price was that cheap.

When the price of steem went all-time low that was probably still being affected by the grandfather coin, Bitcoin, most people start to panic as the norm of human nature.

The fact is the steem price can only get that low when the market is not going well at the moment so isn’t it the best time to get those steem at a low price that you always dream of?

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Calculated Risk

I have invested in steem at different price range. I did decide not to invest anymore but to earn through my daily article.

I saw the price of steem being so low and I was really tempted to power up. After much hesitation, I went ahead to make a small purchase again to power up.

Are you taking calculated risk or life-threatening risk?

A good calculated risk should never sacrifice the risk of the whole family going into financial difficulty especially you are the sole breadwinner.

Investing to the point when you have difficulty getting food on your table and the risk of your electrical power supply being cut off is no longer considered calculated risk but life-threatening risk.

Lack of money to survive can cause the whole family to collapse and shatter into many pieces.

A good calculated investment should not affect your daily expenses to be affected.

Every investment does have its risk and making calculated risk can ensure we would not get heart attack or jump down from a building to escape our dreadful miscalculation of taking life-threatening risk.

I did not intend to invest but to earn through content creation.

I am serious about steemit resulting the temptation of powering up.

Support the community

By taking a step into getting a little extra steem through buying, I was thinking of delegating extra into the Dust Upvote Initiative by @delegate4upvot.

Since steem price is affected so our upvote value naturally gets affected.

Dust Upvote Initiative is to curate quality content creators to provide them with a daily small upvote.

After powering up, I went ahead to do another delegation to the Dust Upvote Initiative actually.

Learning from others

I happen to visit @surpassinggoogle’s steemit blog and read an article about his past experience in steemit.

https://steemit.com/steemit/@surpassinggoogle/one-thing-about-steem-s-past-that-will-help-you-understand-steem-s-now

@surpassinggoogle is involved in projects like @steemgigs and @ulogs.

In his article, he shared about his investment in steem power.

Investing in steem power is a great indication of our commitment.

He did share about the extremely low price of steem then was also a time when the potential of earning wasn’t that great.

Imagine that he was only investing small amount then when he first started and today @surpassinggoogle has over 40 K of steem power after further investment with more than 500k steem power delegated to his main account.

The delegation of steem power to his account is a good indication of the trust that others have for him.

I believe what makes him popular in steemit is his spirit of giving back to the community as his projects have indeed helped many steemit members.

Investing in steem power rather than just liquid steem is a commitment.

Personally, I understand that our steem power does grow a little daily by simply leaving them.

It is like mining steem so it is a great fixed deposit actually rather than leaving our money in the bank.

If you ever go into any of the whales’ wallet and take a look at their steem power.

By refreshing your screen, you can see the steem power has increased after a few seconds.

@surpassinggoogle does not really know me personally and I have no connection with him so writing about him is really just a short reflection about his article.

The only association is my use of his ulog tag when I am writing personal reflection of my journey in steemit.

Ulog is all about ourselves being the centre focus like a star. We can write ulog to reflect about our life. You can consider to use this tag when you share about yourself.

My daily main article is mainly on educational articles so writing using ulog can help to differentiate my usual articles from personal sharing.

Being serious in steemit, it is also good to learn from the seniors. By learning, we can continuously make progress as well as establish new connections with others.

Ending thoughts

The true value of gaining is through giving back.

I will continue to take calculated risk especially when it can benefit steemit.

As I continue to grow, I can make a more significant impact on the platform beside coping with my day job to enable all my basic needs to be met.

Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth. By reading this post, you acknowledge and accept that. All images and pictures were taken from google images that are free from copyright under labelled for reuse.