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RE: I used to be a baby dolphin. At 19 million vests--7,600 Steem Power--with a 64 rep--I am back to being a minnow. This is a problem.

in #steemit8 years ago (edited)

The pains of an early adopter.

Even with beforehand knowledge of tribulations that are to be expected with the first wave of investors within new/ disruptive tech, the generally slow churning process of price discovery and move towards mass adoption can still be too much to stomach for investors, in the moment.

The way to survive this with your sanity is to remind yourself of what attracted you to Steemit in the first place, why you risked what you did at that time in this platform (even if you risked only your time), what future you foresaw for it, and to realize that that vision can still materialize.

If you need some stronger reinforcement, look to the charts of past disruptive tech that ended up being successful. You'll no doubt notice that they tend to undergo a series of "bubbles", moments of extreme euphoria within the investment community that causes quick and unsustainable prices, which, inevitably, fall just as fast, if not faster, to previous levels, if not lower (bitcoin is one recent example of this).

The psychology behind the bubble and "bubble pop" (from extreme euphoria to fear and on to apathy, or hatred, depending on one's disposition) and the tribulations that the developers of that tech experience tend to lock-step, and this is no coincidence. People tend to become overly demanding of the "people at the top" and begin to have unrealistic expectations of them when their former "pi in the ski" dreams are momentarily smashed - this presents the devs with a series of obstacles, some of them useful to improving/ refining the tech, but most of them serving no purpose other than to distract them (essentially disrupting the disruptive growth).

So, you see, the problem is one of unrealistic expectations, usually centered around the anticipated timeline of events, particularly the anticipation of the "mass adoption" phase of growth. Luckily for us, the devs were smart enough to force most of our investments into Steem Power, allowing them a 2-year window to make some things happen with this tech before the fickle, indecisive, overly emotionally-reactive investors can entirely cash out.

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