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RE: Steemit Statistics: 8 Months Ago I Thought Steemit was Dead….

in #steemit7 years ago

The cryptocurrency and blockchain sectors tend to start out with many happy to invest in what sounds and looks to be the next great unicorn... Then those people end up leaving early, with a bad taste in their mouths. Only to realize 6 months down the road that the project is a success and is growing its users as well as market cap. Being patient, playing the long game and most importantly trusting your gut are the surest path to success in these markets. It's hard to start any new project or platform. Even the smartest most experienced won't be able to foresee all the possible trajectories or outcomes. Especially during the first year following genesis.

I suppose my point is to not bail early (unless we know the ships going down undoubtedly). If you have done homework on a project and believe in what it will and can offer, as well as the people involved. Then take an educated bet and invest a bit. Just always remember to not spend/invest anything you cannot afford to lose. Also try to avoid going 'all in' on a single investment. This is rarely a strategy that has a happy ending.
Most of these projects have tremendous upside to still be seen. So a small investment in many of these projects held long is more likely to yield you a life changing return. More so than going all in on an ICO or similar and hoping to cash out on a quick spike. Also famously known as a "Pump & Dump scam".

Find the value and support what you believe in!

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