A drop more into the tank

These markets are getting a little exciting aren't they? We are down near December's low point and an area where a great many people bought in to add to their accounts, do you think they are going to be adding some more? I just moved some across for tomorrow in the off-chance that I can catch a dip - or is this the dip?

Regardless, I think we are getting close to the bottom for so many of the major alt coins at the moment, but there is likely a little more juice to be squeezed from the weakened hands. I have a feeling that this is the time I can make a move into the market a little more heavily and take a little more risk exposure. But perhaps there is actually less risk at this point because the upside is getting larger with every fall.

I like to fantasize about potential future positions and what it might mean. Let's say that I have $100 to spend on something now - what does it buy me? In Finland it will get me about 2-3 bags of normal groceries - a few days of food - a pair of basic Nikes - half a pair of mid-range name brand jeans - 15 cappuccinos at a cafe - you get the idea.

If I can pick up 20 cent Steem, it will buy me a minnow's worth - 500 Steem.

Let's say I am going to sell it in a year, which would mean that I would have been able to earn about another 100 Steem on it taking the price to 16.6 cents each. If it goes to a dollar, I can sell it at 600. If it goes to 2 dollars, I can sell it at 1200. This aren't life changing amounts, but at 1 it would be about a month without food bills, and two months at 2. That is pretty significant, especially if during those months, I take what I would have spent and invest that again at some point. Perhaps I would be able to wait and pick up 50 cent Steem with that money and then have 1200 - 2400 Steem instead of the original 600. A year later, I add 20% through basic curation and I have 1500 - 3000.

That would be pretty significant if it got to 2 again wouldn't it? Sure, this might take two years in a cycle but, it could also go to 5-8-10 dollars in that time also. At 5 dollars my original 100 dollars could have generated 15,000 in the space of 2 years (or some time). How much time at work is that for you? For me, it is about 4 months depending on a few factors. Not a bad bonus scheme.

But of course, all of this is just thought speculation on price and I have very little want to actually live of crypto at all - although one day I may be forced to trough a lack of real jobs after automation and supply chain crush pushes me out of the market. Yes, I think about those times ahead, I think about what I will retire on, I think that the government will not have my back if I am found needing. So, crypto for me is a long-term game - I am not going to sell it in a year, although I might trade some and potentially use some at some point.

While I don't know what projects will thrive, survive or sink, I do think Steem has decent odds of success in an industry that is in its infancy growing into a world that is in sore need of its services. The world economies are imploding, the reliance on technology is exploding and the global communities are becoming increasingly interconnected across many points of culture and supply chain.

Essentially, the only way to handle all of the transactions and tracking required in order to be able to manage all types of resources is through Blockchain technologies and crypto assets. While this is going to take many forms that are more central or governmental in nature, it is also going to open up many forms and blockchain matrices that intertwine through life, just as the internet does now. The difference between the internet and blockchain is that we have the possibility to actually own some of it, not just have access to it.

While Blockchain and crypto is usually tied to wealth generation like the figures above, what people should remember is that the wealth is tied to actual use case, to real life utility and because of the simplicity of the process of ledgers and the robustness of the technology, it is going to be able to be utilized in many, many places across many, many use cases.

It is one of those tools that transforms the world in the most mundane way imaginable - through tracking and processing economic transactions. Never underestimate the power of boring because, it is the boring things that people use daily that make the most sense to invest in early because they will be used often and no one will think twice about their cost.

Now, think about all of the things you spend your income on, what percentage goes on exciting -and what percentage goes on food, rent, utilities, coffee, shoes... the boring daily products is where the money is made because it is sold in volume, and few keep track of what they spend on it - while it silently and patiently builds economic empires ingrained into our daily habits.

Taraz
[ a Steem original ]