How sweet it is?

It wasn't too long ago that there were many people leaving Steem for competitors like Whaleshares but at least the ones I noted, are still here posting away. Some even more so now that price is up 150% from the low.

This behaviour is par for the course, it has happened many times before and will happen many more to come. People who are price sensitive are going feel the dips and the fomo on the rise. I wonder how many sold at 20 cents this time? It is good if it helped them out of a sticky situation of course but, it seems a bit of a waste if it went on not much of anything at all.

A lot of people who have earned anything here believe they are always going to be able to earn something but, that is not necessarily the case. As competition increases and the entire industry starts to mature, many people are going to have to up their game significantly to earn as the supple and demand metrics will increasingly come into play.

Of course, for those who hold stake on a proof of stake platform, there are many more opportunities to utilise it for earning or enjoyment without having to necessarily sell it. When it comes to investing, the advice is buy low and sell high, this is the same for personal investment too.

Some people will wait to put the work in until they can be assured there is a chance for value creation, others will put the work in while there is uncertainty if it will return much of anything at all. The thing on Steem is that the work in over the first 3 years to get to a certain result is likely far lower than the work required to get that same result in the next 3 years. It seems pretty obvious of course but then, why aren't those who have been here 3 years in a better position? 2 years? 1 year?

Well, everyone has their life needs to take care of and many were happily selling Steen at 5,6,7 dollars that they had earned but are also the ones complaining about the price drop.

I should have sold too. I think I had 20k steem at the high and I likely would have bought back at around 1.50- 2 dollars. That would have meant I could have been up to orca level without doing anything else but waiting. Would it have waited - or would I have spent my holdings? It is silly to think about what could have been as most likely, it would not have been.

Many sold, many who sold are in the same position they were in before. If someone sold 1000 steem at 5 dollars, at the low they could have bought 25,000 Steem. Did they? I am sure some did but, not many.

I am slowly closing in on being an orca, with 8000 steel to go. I have worked for my steem on the platform, on the exchanges and at my real world jobs and I hope that all the work will pay off both financially and personally. For me, money is a tool that buys opportunity and I have been investing into my own future possibilities and, those of others too.

It is going to be interesting when one day there are 100 million accounts utilizing the Blockchain and the demand on Steem means that the holders of a couple hundred will feel like orcas. Anyone with any stake will have opportunity, it just takes time. How much time is what everyone wants to know but of that was known, there wouldn't be the uncertainty that creates the dynamic of buyers and sellers.

I used to care more about sellers but I don't care much at all about it. Sure, they might put some downward pressure on price but in the long run on a POS platform, I would rather have those who believe that there is a future here. The future demand will arrive anyway I think so, let people sell now and slowly they will be squeezed from the market.

Unfortunately, this is the way the world works - those who can build and patiently develop their foundation benefit while those who can't will eventually suffer. You'd think we'd learn but, it seems that it is not the case.

While there is uncertainty, there is a chance now to not only own a piece of the future but be a directional force of that future in some way. Those who act like most people have always acted will get the results that most people have got and, that is where we are now in the economy.

If it all goes to zero, it is what it is but in an uncertain world, it might head the other way. I will wait and see.

Taraz
[ a Steem original ]
_{(posted from phone at a roadhouse)}