Show me an investor who prefers to make 12x profits instead of 25x...
I was messing around with @steemchiller's great tool, steemworld.org only to realize that my pending curation rewards is ~ 90 STEEM. This number represents the amount of STEEM my account is about to receive the next 7 days.
It could go even higher if some big votes land on the posts I have already voted for, or, go down if there is disagreement about the rewards or the quality of the content from the community members which are free to also downvote content.
I can't even imagine the curation rewards those who have significant amounts of STEEM staked earn every week / month, when a 26K SP account like mine earns ~90. It wouldn't surprise me if they were earning 1000 / 2000 Steem every week.
And that is ONLY by curating. Consuming content...voting according to your preferences and your standards...and at the same time, growing one's account! That's what I call awesomeness!
In any case the reason I am writing these lines is a comment a fellow Steemian dropped a couple of days ago on one of my posts.
I have liquid to eventually buy btc with but I've yet to do it. Honestly I cant be sure that I ever will but I like having liquid around. Having said that, if I ever feel the need, I'll power up in an instant. I just feel like at my level, being 100% powered up won't matter much.
I can definitely relate to what he is saying, because I've been there. Once I was holding less than 500 and I was participating at Ashers's and Paulag's initiative. A few weeks later I was eligible to "compete" in the next tier...and then the next one until one day I graduated as a dolphin. Thank you both for keeping me motivated.
I didn't reach 26K Steem Power by keeping those tokens in "liquid form" and quite often I had to invest fiat money to get there. And I would do it again. You wouldn't believe how fast they add up when you are committed.
I am not here to judge anyone of course, how could I? Everyone is responsible for their own choices. But I do like the fact that the more my account grows the more impact my vote has.
One may say that ~90 STEEM is more or less 11 dollars so not such a big deal...That is exactly the wrong mindset if you ask me. If we treat STEEM as a project whose price will stay at these low levels forever, then I guess that it's not a big deal. Although I do believe that while STEEM is cruising at 0.12$ - 0.15$ for many months in a row this is actually an impressive number. No?
Then try to imagine STEEM sitting at 1.20$ and do the math again. How about when it reaches its ATH? Now we are talking...Some people suggest that the price might never recover after it dived that much. I highly doubt that.
Assuming that a new bull run was about to begin tomorrow, would you rather hold 1 BTC or 25K STEEM --> less than half of 1 BTC. It would be no surprise to anyone I think if BTC smashed its previous ATH and climbed up to $30.000. $40.000 maybe? OK $100.000? Still, this is 12x its current price.
Let's just say now that during that very same bull run STEEM won't break its previous ATH, but instead it will reach half way through...that's around $4. What? Not even there? How about $3? Ok $3 it is then...still that is almost 25x the current price...
Now show me an investor that prefers to have 12x profits instead of 25x...Unless you deeply believe that BTC will cross the $250K mark during the so much expected bull run...STEEM should be the smartest and most obvious choice.
Oh and something for the end...
By the time this new bull run is in full effect, one could double / triple his STEEM stake just by blogging and curating. If you choose the BTC path though....all you'll have is that 1 BTC. You want more? Then, you'll have to invest...
Don't get me wrong here. I know that BTC is the battle ram of all crypto and if there's one chance for crypto mass adoption it will come through BTC. It is just that we should always take into account all those beautiful things that are about to happen on Steem when communities and SMT's officially launch...
I have a feeling that all this progress will be reflected on the price...so make sure you are holding enough of them.
All these thoughts come from a Steem addict and it's not a financial advice.
Have a good one people!
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Cheers.
I se it and have said about it in the same way. I am glad I expanded and am holding.
Time shall tell if we made the right choice or if we should fall of a cliff or something. Although I have a feeling that we are on the right track
Either or, it is fun to be a part of and the asymmetry of inputs and reward potential is high.
I'll take that 25x... :) This price around 12-15c is just an indicator that we have found some kind of "bottom" in this bear times for ALL altcoins... So, if others will go up, there is a big chance that STEEM will do the same... And we have USE CASE, that majority of the altcoins doesn't have at all... ;)
That! Eventually these are the ones that will survive and possibly thrive
Twitterland
My 3 Steem, (on avg last few months), is even less of a big deal to most people, except me. I am very happy with it, it has steadily grown from less than 1 steem a week to 3 steem. My account is still growing, and even though I can not vote on comments yet due to the dust level, I am getting close to passing the dust level and that will be a good day.
The price, while down, has seemed to settle in at that .13-.15 range. I think that bodes well for being pretty stable over the last few months, and to see a gradual rise would be nice, and not "one giant leap" for crypto.
You should be proud mate. Not only because you've managed to grow steadily your account but also because you are still active while most have decided that their time is more valuable than being around here.
I guess the instant gratification crowd is still pretty big, one day people might look up and look to the past and see how patient our ancestors were. The builders of Stonehenge, and their ancestors who sat around for decades to track and mark where the sunrise/sunset was, and the ancients who that figured out the 18.5 year cycle of the moon. It takes time for a lot of things, and those that keep jumping from one thing to the next hoping to save time, or to time it right often the only thing they time right, or jump into, is a disaster for themselves.
No worries re: the EL and power up league - good to see so many members still active and building stake. I'd much rather hold SP over BTC, the 'interest' from curation just beats anything else going, even if the price is going nowhere soon.
I hear ya.
What if I told you that despite having a decent portfolio BTC isn't among my holdings?
Good to see you "pushing people" to the right direction via those initiatives mate. Hats off
That is a great way to look at it @mindtrap, and I also want to add that Steem is about utility and not hype, and in my opinion the current price point is about where that utility lies, so if we can just get the userbase to grow it will go up, that is my thoughts anyways, stay awesome.
Stay awesome too bud!
👍😀
And this is where I'll end my reading for tonight, an optimistic look at Steem.
I have bought up about 20k STEEM over the last few months and if it blows up in my face, so be it but I have been involved in a few crypto projects and they have fallen by the way side.
The latest hard fork was a success in my opinion and last year a lot of development was going on behind the scenes to get things ready for SMT and other cool things.
Add to that the $/£ price action has been pretty stable over the last few months, (sats wise, a little more variation) so could potentially be the bottom... I'm still looking to load up a bit more throughout the year, might move a few coins that are not doing much other than sitting there and collecting digital dust lol
Thanks for your beautiful comment I can relate since I have purchased almost half of my stake last year. And continue to do so in small chunks.
Put your money where your mouth is, right?
Well, I've been there...done that. My portfolio is quite small in terms of variation but nowadays I am only invested in what I think that has huge potential rather than huge name.
Have a good one.