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RE: Steemit Whale Psychology [Theory]
I bought 10000 STEEMs today, and i am going to buy more, why i do that? because i think STEEM has a good chance to surpass and replace Reddit, twitter,facebook, wechat, and even bitcoin.
Am i gambling or investing?
Woah! I recommend converting some to Steem Power, but if you are at all comfortable meeting and talking to people, hold a local Steemit meetup and sell some Steem with a markup.
I also bought some steem and sbd in my trading account. Im holding on to it. Havent thought of investing on steem power though...
I think both, every investment is a gamble if you think about it. Steem it has a lot of potential because of its disruptive nature but anything can happen really and it has a long way to go before replacing any of those sites.
Are you going to turn that into steem power?
I don't know , i am still thinking about it, i will lose chance to arbitrage if i do that, and i worried that maybe the price will drop a lot after 1.5 years, because a lot of steem power will be unlocked.What do you think? Should i convert or not?
I made the choice to convert to SP. To me, it was a question of short-term vs. long term investment. I'm in it for the long-haul :). Plus, with SP you have more power to influence the direction of the site based on your votes.
Good point , i converted part of them just now, i still need time to think about it.
As a whale, how will you influence the site? :)
I bought more today, and finally i converted all of the STEEMs to SP, And i will check the new posts and vote good ones when i have time.
Great hope you wont forget us when we post good ones.
Good luck! How will you decide what to up-vote?
Actually, i don't have much time and don't want to spend hours on reading posts everyday, i don't expect to earn money from up-voting, because i think my time is more valueable than that, maybe i will only check some posts occasionally, and only do the down-vote job.