Steem, the long wait. What's your vision for your investment in STEEM?
Not that long ago, I heard everyone around me talk about crypto.
This has now completely died down.
With a lot of projects losing around 80-90% or more of their value I guess it's not everyone favourite subject anymore :)
Only a select few people that I know are still in it actively.
Me? I love it.
I love every aspect about crypto, from the freedom it will bring to the masses and has brought me to the insane markets that can drive you nuts.
I wouldn't want to miss this journey for the world. I often feel like I live on a different planet.
Anyway, for if it wasn't clear to anyone, Steem is my favourite project.
Has been since I discovered it 2,5 years ago.
Before that it was Eth and before that Bitcoin.
But this place is in a league of it's own.
It has by far the most potential for mass adaptation, much more than ETH or BTC and it's easy to see why because you will find every kind over human being here that uses it already and has the ability to earn crypto in any way, shape or form.
From the tech nerd to the technologically impaired, rich and poor, people from different backgrounds, speaking different languages and with different cultures and so on.
It's the simplest blockchain to implement and to use through its Dapps and has one of the easiest crypto's to send and receive.
Nothing has matched it or has come close.
With the introduction of communities and SMT's it will be a done deal.
A complete product that can be sold and marketed to the world with plenty of examples cases.
Like Steem Monsters.
Steem Monsters already has its own community but with fighting around the corner, tournaments with price money and a product that can be marketed on its own I expect thousands of players within 6 months.
And that is just one community. There are so many. Steemhunt, Partiko, Dtube just to name a few.
They will all grow further organically with time and in 6 months they will be provided with more tools to grow even faster.
Ultimately this will cause Steem to grow and at some point it will be just to big to be ignored.
Something I feel Steem is at times by the crypto community.
But that's fine really. At least it gives everyone an opportunity that believes in it to get in.
So far, we have been in a 9 month downtrend. With no signs of reversal as of yet and it sucks.
I do feel it.
But unlike bag holding my BTC or ETH I have managed to make my Steem work for me and create more. It's that powerful.
I believe that at some point Steem will reach a tipping point. Then there will be more buyers for STEEM than sellers.
The price will fly up pretty fast.
Within a couple years my goal is to lend that STEEM I'm earning now to projects, communities or apps that I think will make this place better and can't afford to buy STEEM for a nice return on investment.
That is the vision I have for my own investment in STEEM and one of the reasons I don't sell but keep everything I earn.
There is a huge risk of course, I have no idea wether I am right for sure. If I'm wrong STEEM will go to $0.
But from what I'm seeing on the development side I believe I'm right.
But yes, it sure is a long wait!
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My vision is to one day be able to make my living out of crypto, doing what I love to do and following my passion. It doesn't have to be steem, it could be a combination of things that could include mining for example.
When I was young everyone told me that I will never find success in being an artist, the competition is too high. Those people will be the first to be jealous because they are still working with the job that they hate just to survive between payouts.
A few years ago I told myself that I don't want another "job" again. If my next 30 years is about work I would rather not live. Short time after I discovered cryptocurrency and I studied it for about a year or almost two. During this time I didn't work and I still haven't worked one hour for almost 4 years now. But I'm still alive and I managed to get what I needed, sometimes in miraculous ways :)
Everyone I've told about cryptos got in in the hype and out in the crash, even if I told them to just hold on. None of them could see the bigger picture like I do. Meanwhile I have been buying the dips, and every time it gets lower I see it as a fire sale.
This is my first year living on crypto completely and truth be told if I hadn't parked a decent buffer of Fiat before making that decision I would have been in serious trouble. It's not for the faint of heart that's for sure but it's is an adventure I wouldn't wanna miss for the world.
That is impressive man!
My goal; I want to build my city (Adelaide, South Australia). We just started a bot which picks ten names from a list and upvotes the most recent comment from each, at 100%.
I've supported it with a big delegation, which I'll be increasing soon.
It's only for locals (getting on the list requires attendance at a minimum of 3 monthly meetups and delegating 100SP), but if the Steem price gets back up to $10 Aussie dollars; then for an ongoing delegation of $1000 (100SP) punters get a chance at $10 every day.
That adds up; even if there are 20 people on the list, that's $150/month on average, or a 15% ROI with zero risk.
They can also find a popular post on which they want their comment pushed to the top and make it their last comment before the bot votes; potentially attracting more upvotes and followers.
Adelaide's going to be the Steem capital of the Southern Hemisphere :)
That is super cool!
I also invested some of funds in steem.
At one point in time most of us were the same way. We heard about Bitcoin perhaps in 2010 or 2011 or earlier, and we even had someone tell us to buy it. Maybe we even tried to buy it and couldn't figure out how. Imagine how some of us felt in 2013 when we watched the price go to $100, then to $1000, knowing we could have bought it at $5? $10? That feeling is unforgettable and indescribable.
When the price rises again the people who were talking about it but who didn't buy it or stay active in it will look back with regret or perhaps even guilt. Eventually the people talking about it become the people active in it once the technology is ready. It wasn't ready in Dec 2017 because for the most part it couldn't do anything, couldn't scale. In 2019 things will be a lot different, a lot.
Even Steem wasn't ready in 2017.
I wonder how many steem early adopters are pushing in strong because they've never forgiven themselves for missing bitcoin.
I got in on btc in 2013, but no matter how much and how early, you always wish it was more and earlier; just human nature.
Same here. Bought my first 1 BTC for $250.
You got that right! :)
I agree with you
In 2019, Steem will have a new turn following the launch of SMT projected for the first quarter of 2019
Times are tough for Crypto compared to last year but in all of this, Crypto rocks!
We are only starting to discover steem full potential. As a developer I think the possobilitys for this blockchain are endless, anyone with a bunch of steem can use it to store date in a reliable and decentralized blockchain. Steem is the best blockchain to store data because its fast and cheap, it only requires a certain amount of sp (a one time investment) to be able to use it and the amount of sp is proportional to the size of the project. That sp can also be leased from someone for a fairly cheap price. Another good point of steem is that we already have a good js library that any web developer can use.
You're right about Steem. Seeing a blockchain with tens of thousands of active users is still kind of an unusual thing in the crypto world, but this is yet to be reflected in the price development of Steem.
However, I actually think that the current consolidation is healthy for the environment. We need to stop thinking about just price all the time and start building actual solutions that provide actual value (and, ideally, also have actual business models). Price will go up automatically. I realize this is tough for everyone who is betting on crypto - or Steem, in particular - full-time, but it's necessary to filter the speculation noise.
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Agree with you and seeing accounts and people like yourself inspire me to continue forward in growing what could be a life changing experience for me! The great this about this here is the journey we get to experience whereas we decide on to engage. I started just focusing on posting and reading about crypto but now have engaged much further than that which includes my time with projects like @steemmonsters and @actifit which are great ways to grow here as well. Looking forward to what the future can bring to the ecosystem and my experience!
As crypto changed my life is everything for me like for you is love so as for me
It is a long wait indeed. I have only been on here a fraction of the time that you have, but it has been a great ride so far. I am glad that I was talked into investing some of my outside money into STEEM. It just seems natural given the amount of time I spend on Steemit and the potential it has.
Mark @exyle I think you will be Rewarded like all others that have been Patient in the Battle of Good VS. Evil.................. I am excited about what SteemMonsters brings to Steem too.............