And, what if I'm right?

in #thoughts5 years ago

I will let you in on a little secret - I am optimistic that Steem will do well.

I know.

Shocking.

And, what if I'm right?

Just after the bullrun of late 2017 and the prices started to drop heavily on SBD, there were people who said "how come no one told me" - they had. People hear what they want to hear.

Since I have been on the platform, the advice has been to Powerup because stake is your voice and it gives access to the pool. It has always been that Steem Power is valuable and will be more so in the future. Yet people who have been selling here for years act as if they never knew, that they were never told.

The next will be Resource Credit delegation pools I guess, and people will again say they never knew they were valuable.

It is always the way though, not just on Steem. When it comes to investing into what is valuable, only some will do it and only some will do without to be able to do it. Like those kids who kept their Star Wars figurines in plastic while every other kid busted open the packet of their Luke Skywalker figurine and trashed it.

Being able to delay gratification is among the best indicators of future success - it doesn't mean waiting around passively though. The delay is in the taking of reward, not the activity that is required to earn the reward and the work is generally a prerequisite to be in the running in the first place.

While I might shill Steem often enough, I would be crazy not to, because I am optimistic on it and am hoping that others will benefit also. It isn't a place of handouts however, your successes and failures in this life are yours, own them.

And that is what the real value of Steem Power is, ownership. Ownership of digital space, ownership of a way the pool flows, ownership of content and experience. Everyone should know this by now.

"But what about the the new people coming in?"

It is a funny argument that some have as they fight for the new folk with their words and in the next breath complain that there are no people coming to Steem - which is it?

At the moment the space has a lot of people who have or had a lot of potential to own more of the platform, more Steem Power, more Resource Credits and therefore, more say over what goes where and what does what.

115,000,000 liquid Steem going for around 15 cents each, a price that people were begging for by mid 2017 after Steem went to a dollar.

"It isn't fair! You bought your Steem at 15 cents!"

This is always the interesting thing when price increases as people will say that the only reason some are successful is because they got cheap Steem, even though they were around at the same time.

Steem Power has value and therefor by default, Steem has value. Everyone has been told this 1000 times before, why is it a surprise and unfair when something changes that rewards the very mechanism that people have been told is the lever to success on the platform?

I am just a little fish in comparison to many larger out there, but I envisage that one day it won't matter as long as those who have Steem Power work toward making it a valuable commodity through decentralisation of the ecosystem and empowering the user base. Empowering doesn't automatically mean paying, although that can be part of the stabilisation process.

What I like about Steem collection over Star Wars figurines is that it grows in value through usage, the packet is designed to be ripped off and the toy used. Digital assets like Steem are a lot more fun in the process of value creation as they do not suffer wear and tear and they are pristine regardless how many times they change hands to eventually fall into the grip of real collectors, the holders.

Sure, I understand the I need the money now mentality, as I have lived it most of my life and it is the reason I am uninvested in stocks and shares and all the traditional vehicles. I needed the money now for clothes and wine, cigarettes and cappuccinos.

I never had enough to invest, yet always found a way to spend.

Lessons learned for me though and I owe at least part of that to.some of the people of Steem who helped and harmed me along the way. Yes, I have been harmed here too, supported people who took advantage, helped others who used it against me at a later date. Lessons.

Sometimes I feel the sense that I am meant to be guilty for doing well on Steem. Yes, I know I am fortunate and I am grateful to many and the part luck played, but the prerequisites were always done prior to the support and the Powering up was always done after.

I no longer know how much Steem I have bought off exchanges or what I paid in total, but the first I bought was at around 2.00 before the bullrun and I held it all the way down. I don't mind though because, I am still here and, I am still optimistic.

Not because I am holding a bag of bought Steem and a pile I have earned with more work than I have done in the rest of my life combined. I am not optimistic because I hope to recoup inputs.

I am optimistic because I see some of the people who stuck it out through the bear market risking their collateral on Steem doing well here, developers developing, the bidbot market evolving and random people getting attention on their work. I am optimistic because the staked Steem is slowly climbing and I believe it is because people are finally or again seeing the value in ownership of Steem through the ownership of STEEM.

While I am optimistic, I also understand the risks and know that I am willing to take them. I don't mind if others sell because they are not or because their ROI isn't high enough, that is on their shoulders or a weight off their back, whichever the case may be.

If I am right though, I will have worked my way toward an independence I do not think that I could get at this level in any other way available to me with so little risk and exposure and, there will be others standing with me who risked, worked, delayed and benefitted also.

How many at that point will say "I didn't know that..."

I see the distribution of Steem now leaning more heavily toward those who chose to stick it out, not those who sold. However those who sold should have taken profits so that means they should be able to buy back in for free. This is the problem with many sellers though, they take their profits and spend them thinking they have delayed their gratification long enough, without realising it was just the first round.

I can't know if I am right, but if I am, will you wish you had a little more Steem in your wallet, or glad you sold at the last high?

Taraz
[a Steem original ]

Sort:  

I think the beauty of Steem is that wealth makes you more wealth, selling off makes your voice more thinner really, so without a doubt. Truth is a lot of people aren't really looking at the advantage there is to hold steem it's all about price and sell and sell to them. The right mentality is what people needs. The bull isn't so far anymore

who knows when the bull will arrive but arrive it eventually will. I am hoping that there are enough Steem folk ready to and able to move with it.

Great article! I definitely agree that the people who continue to work and power up are going to be the winners, especially with prices this low. I don't know why anyone who understands the value of the Steem blockchain would ever want to sell their tokens?!? But what blows my mind even more is people complaining about the low steem price, are u kidding me?! I am getting a few steem for ever dollar i make on an article, even after the 50% curation, how can anyone bitch about that? When steem was $8 everyone wanted to be here, even though it was nearly impossible to earn steem, now that it is stupid easy this platform is empty????? I guess I just don't get people.. Seeing the value in things when no one else does it what makes you an innovator and those are the people who reap the rewards when companies take off! :0)

When steem was $8 everyone wanted to be here, even though it was nearly impossible to earn steem, now that it is stupid easy this platform is empty?????

They come here to earn, not understand the ecosystem. This is also why most of them left. However, the ones that stayed are the ones who will benefit the net time around and the cycle will continue with each round stabilizing and therefore lowering the potential move.

I remember making this post 2 years ago when SBD hit $14.00 and it seemed like nobody knew what the heck was going on..

https://steemit.com/steemdollar/@stealthtrader/is-there-a-flippening-for-steem-dollars-and-steem

Like you said we have been telling everyone, but nobody wanted to listen..

The SBD run was likely people who had no idea what SBD actually did, just decided to pump it. I wonder how many got heavily burned.

This is sad because If they would’ve understood how it worked we might have seen STEEM go to $14.00 instead of SBD..

And we would have had SBD as a hedge to take some wins off the table. I don't want to withdraw to fiat and get destroyed by the taxman.

I think it was SBD because of low supply and as the price raised, people converted for Steem, increasing scarcity.

Your balance is below $0.3. Your account is running low and should be replenished. You have roughly 10 more @dustsweeper votes. Check out the Dustsweeper FAQ here: https://steemit.com/dustsweeper/@dustsweeper/dustsweeper-faq

I am getting better at balancing real life and this community. Truth is, I am doing this for my own selfish reasons. I want to polish my writing skills and what better playground. The fact that community is trickling back enables me to gather my own readers and even critics. That alone states that I am optimistic about #newsteem and how it will look in a year or so.

By the end of my polishing year, I ought to have garnered more stake to amplify this minnow voice :) To staying put! 🍻

I want to polish my writing skills and what better playground.

There are so many things to learn through Steem, yet I think most focus on the earning and stay narrow. It will cost them.

I believe whoever wants to listen, will listen. If I am listening, I believe those who want to will 🤷‍♀️🙂

I wish I had paid attention earlier

I should be the one saying this... Sigh.

Posted using Partiko Android

It isn't easy though...delaying gratification...

Some needs can make you feel like there's no choice

I agree and suffer from "no choice" far too often but i think that many needs are wants, and because we give in to this, the things we actually need are harder to get and more costly.

Not selling steem is not that hard. I need it to vote...

Buying steem is sometimes harder since I do want to diversify my crypto portfolio a bit and prefer to that with other coins since Steem is already a big part of my holdings

What is the meaning of this "diversify"? :D

Yep, I know the issues well enough, not too much of a problem for me as there isn't that much excess to go around. I have bought a lot and for now I do what I can on platform to earn more.

Ahh... diversity... It's hard to do that when all those coins are just sitting there useless, unlike Steem Power. What's the point? :D

My view too, just gotta make sure it fulfils on promise

Poetic as always

If you're right then you're right and we'll all be better off :)

If you're not that's fine too XD

If wrong, maybe I will be hunted down and lynched :D

Coin Marketplace

STEEM 0.17
TRX 0.13
JST 0.027
BTC 58664.80
ETH 2569.75
USDT 1.00
SBD 2.42