Sucker for punishment and hope

In the post I wrote last night, I opened with the abysmal look of the markets, but this is not true... unless you need to sell. Like anything in life, perspective matters and a great deal of that comes from the various necessities we have in our life at the time. If one is forced to sell at these prices to cover needs, there is chance for a great sense of loss but, if one is comfortable and has capital to spare, the market situation is good as it gives an opportunity to buy in.

This is not just for Steem of course, pretty much all crypto projects are low, the difficulty for those willing to part with capital in the belief it will increase in value, is the risk of choice. For me, Steem seems lower risk than many others and comes with some added benefits like, earning on, leveraging stake and a community that backs it. There is no certainty here though, which is why there is risk coupled with reward.

Risk is a fear evoking word for many but, not many people have the same reaction to probability or confidence. They are all essentially the same, a spectrum of possibility of events leading to outcomes, and not all are binary like a coin flip. What a successful Steem ecosystem is for example comes with a host of options along the spectrum, price is only one factor that people commonly use as an indicator.

I am hoping that for me Steem can cover a few value streams of my life. Of course, there is the financial aspect where Steem could supplement my income and perhaps mitigate for many the growing automation in the world that will shrink the job market for many in time. But, there are also the social aspects of making friends and conversations with a diverse set of people. On top of this, there is the information flow and potential to slowly have a more accurate accounting of the chain of informational custody to limit the fake news kind of problems. There is also the skill development potential in areas of interest and potentially supported by niche communities that will spring up and have global depth. Then of course, there is a chance to build a foundation for many to have access to all kinds of education they can use to discover and leverage their own skills.

There are many more values to include but while the reasons and use cases are diverse, Steem being a content delivery tool is able to provide infrastructure that facilitates all kinds of interesting options from start to finish, idea development to end user. And all of this can be powered from the Steem chain and present in many different forms from classrooms to games to shops to virtual reality worlds. The possible distribution of creative process is enormous and, it all comes under a content umbrella, handled by a community of communities that own and empower it at almost every point of the chain.

I think the idea is pretty awesome but, it isn't likely going to come easily and, it will require support along the way. Risk is one thing that pretty much everyone is adverse and I deal with my own by spreading it across various points. I might be heavily in on Steem but I also run my business and it looks like will start working for another company at the start of the year. While my business almost covers life needs, the income is very limiting but with a second income, I will likely have some, spare capital.

While everyone probably wants the markets to go up, the timeline of when they want it to go up might differ. If it goes up now, some people who are struggling will be happy but, if it stays static or drops, more people will have a chance to invest in and when it goes up, more will benefit. As far as Steem is concerned, this is likely the highest and most diverse rate of distribution it has seen in its history as there are more people here who have experience in the community and, believe there is a future. Those with spare capital are buying a little more Steem and, perhaps those without are spending their time earning a little more on the platform. When I do add 40+ hours to my schedule, I am not going to be able to earn Steem from my posts as often but, I will have more capacity to buy in to some.

So, while the markets are abysmal for some, they are an opportunity for others. It is about the perspective one takes and the needs one has that says which state it is in. Difficulty for some, hope for many perhaps.

Off to work.

Taraz
[ a Steem original ]

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