How sweet it is?

in #thoughts7 years ago

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.

20190328_111601.jpg

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)

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I continues to learn so much about the opportunities here by experience. I was looking on Steemworld and realizing that I was earning despite being on a remote island and being disconnected to the ecosystem for two days! I keep feeling it is all about the momentum and also the enjoyment of engaging actively. The experience continues to be great, we earn and enjoy; without concerning about the earnings so we can keep up the momentum.

Good day!

Happy to be here, having sold as little as possible whilst still being able to eat and pay bills. You may have noticed the 100 STEEM withdrawals now and again, I'm lucky in that I can stretch that to last a week or two. Still sending my CV out though - I'd like to be powering up everything right now.

The option is always there for me to take a much larger chunk out, but this just seems far too early in Steems journey to do so. Let's hope we are right.

I am pretty sure that without your selloff, Steem wouldn't have dipped below 1 dollar... I am looking forward to you getting some work and pushing the price up to 10 ;D

The option is there and I have powered up from trading too which requires a fair bit of effort in also. I won't feel bad selling a little at 10 or 15 dollars soon :)

The only person I've seen actively talking about selling steem at $5 and then now buying at current prices is @exyle....

There's a few other orcas/ whales too but yr right it's a few dozen at most!

Now's still a good time to earn and buy, buy and earn I think!

Posted using Partiko Android

He was also buying SBD under a $ and suggesting it would move back to the 'loose peg' in time - nailed that one too!

Very few have bought back I'd say as, most people don't learn from their own past experience it seems. I know some scrambling now but I know they are scrambling with much less than they planned on holding long.

It's difficult to predict price swings i guess. However, if people had sold even at $2 with the intention of reinvesting following a further drop, we'd be seeing a lot more buying in now, so you're obviously right.

I'm gradually transferring over more fiat assets to steem, any excuse I can get. I've just been gifted a £400 parking permit today so that's a little more.

Funny how 20K SP doesn't seem that far off now, it did about a month ago.

I don't know about steem, but what I do know is that looks like a picture of a donut...I could go a donut right now...

Posted using Partiko Android

It was a pleasant surprise donut because it is my favourite and the roadhouse has just started stocking them. Previously only found in-store. :D

Donut surprises are always welcome in my world...

Posted using Partiko Android

Well, I was to stubborn to sell at 6 but was buying from 1 till 0.2 and still do once in a while. Would like to make 10k before prices move up

Posted using Partiko iOS

I was originally planning on only holding 10,000 steem power. That was a very long time ago. I am hoping I can buy some up as well.

I have lately joined Whaleshares but not at the cost of Steemit. I am definitely here with the same effort and rigor.
People get into desperate situation when they see no progress happening. This is the time to just put your blinders and keep moving making all the effort in stacking up the SP so that when the right time arrives it can be leveraged.

People get into desperate situation when they see no progress happening.

The progress hasn't stopped happening here in the last year, just price has dropped :)

This is the time to just put your blinders and keep moving making all the effort in stacking up the SP so that when the right time arrives it can be leveraged.

Yep.

I am on both Steemit and Whaleshares, but when I post something it is on Steemit first then Whaleshares. Steemit became like a daily routine and I feel guilty when I dont share anything. I also feel guilty if I dont chack my Steemit friends posts and leave a comment. It is more like a habit. Our mother Steemit comes first :D

I am not on whaleshares as the couple of times I have taken a peak, it looks much like steem did 2 years ago with the the same people and same conversations ongoing.

Yes thats true! We are mostly the same people there, but I think it is the best time to be there before it gets crowded and more complicated in the future :)

Agreed! steemit is a habit. I always post here daily and check something around. I only hope it can be more like medium in terms of quality but anyway :-D finding something like that is the adventure itself.

The quality of medium depends on the algorithms I guess? I am pretty sure there is a lot of crap hiding there too :D well.. is hidden.

I mostly follow curated list from medium perhaps that's the reason I only see the rainbows :D I have yet to see craps over there but if you do, I'd like to see !

Yea man its all about ONO! lol

Dude. I thought you were all in on Bearshares with Bilal.

For the smart ones nothing changes. Keep doing the same and just grow. I used to get the hump when everyone was leaving, but they actually did us a favor.

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