I wonder what the Steem feed is going to look like with 10 cent Steem prices. I was here for 6 cent Steem in 2017, but had no idea that not too far before, it had been as high as 4.30-ish in 2016. For those counting, that was a crash from above $4 to 6.5 cents in the space of four months.
For me it didn't matter as I didn't know enough about enough to care, I just wrote. Same as now.
Well, not quite the same as while I haven't stopped writing, I have gone from knowing nothing about anything crypto related to knowing a fair bit about what is going on here, which is why I still write multiple times daily. The other thing that has changed is I have gone from holding nothing to holding # 364th position on the Steem holder list.
If Steem goes to 10 cents as it looks it might, I am buying more because with a small amount of investment, there is the potential for large gains and, potential is all that investment is until it is realized. But, I am not going to stop posting and looking to build my network and attract other people similar to me because, as the price drops, many participants will too which makes earning Steem a little easier.
Just remember how many people have said on the platform, "but you were here for 6 cent Steem".
Soon, everyone that is here now could have the same opportunity, but like those who were here back at the start of 2017 when it was 6 cents, most won't buy. The reason is that many will think it dead, like they did last time and didn't buy.
A Dolphin for 500 dollars, a minnow for 50.
It doesn't really matter if you think buying is crazy or not because, it isn't your money. Nor will it be if prices do indeed spring back when alt season is in full swing. Perhaps what I buy I will sell to those who are feeling the FOMO and want to get in, perhaps not.
I like Steem because I can earn off it without selling, I can earn off it by rewarding others, I can earn off it with it just sitting there, I can earn off it from token drops, I can earn off it potentially from the Resource Credits it creates, I can earn off it in various ways without having to actually sell it, so why sell? Well, of course it might go to zero and that would stop the earning of fiat - not the utility.
I would still be able to earn Steem if it was worth nothing and that allows me the possibility to interact with others who don't mind a tokenized platform that they can't buy anything with. Who knows, perhaps then it will become more popular than Reddit or Facebook once people stop caring about whether it is going to moon or not. At least at the zero point, we would know who actually is here for the community, who likes to write and, who was only in it for the money they could get out of it.
I like writing and perhaps I am always motivated to write and earn here because I actually don't spend much time thinking about the internal Steem in terms of fiat value and instead spend more time converting fiat values to Steem.
I don't deny it, this might be a special kind of crazy.
The kind of crazy that many don't want to be until when things go well and the crazies are the ones who look like risk-taking genius. At that point though, those who wish they were around back then are the same that will say, "but you bought six-cent Steem" as if they would have if they had the opportunity. You have been warned enough though, the opportunity is presenting itself yet I am damn near certain that most people aren't going to buy in as the price will never be low enough for them to take the risk.
I just wonder what the risk is when in somewhere like the US the cost of a Bic Mac is $5.30 or, 26.5 Steem. AT 10 cent Steem , that is 53. 10 big Macs for a Minnow, 100 for a Dolphin. An iPhone will cost you 13,000 Steem.
I know which of the two I plan on eating.
While the price drops and many of the contributors are fretting their earnings, development continues as it should because, regardless of the market price or market conditions, development is always needed. The Steem DAO will arrive with the next hardfork, curators have the chance to earn more Steem for voting, downvotes have the chance to bring in some more of the random lottery and perhaps, people will start to get excited over the space again - even if it is on the other side of a lot of drama.
I remember back to the simpler days of early 2017 where I had no idea about any of this at all and I would just write and watch as cents dribbled in on my posts while dozens of others were taking large votes from the circles, circles I didn't know existed. It was fun, just writing and commenting, discussing with people who are no longer here, uncaring about what the price was because, I had no idea how to trade it anyway.
But, ignorance is not bliss and if I had kept that attitude, I wouldn't have made it this far and, I wouldn't have the understanding that I do now that in order for this world to improve economically, more of us have to own something with earning potential.
Your house? Factor in inflation and rates and it will break even. Then if you have a mortgage, it will likely run into a negative due to the interest you are paying. You will have a roof over your head at least though.
The problem comes when you want more than a roof over your head in an economy that is spiraling into debt with ever increasing inflation, less employment opportunities, more people requiring social services with not enough money to support them.
Yep, Steem might be a crazy gamble in the eyes of many, for me, it is a very low entry bar investment opportunity that allows me to increase my stake in it by interacting with it and the other people who are looking to own a little of this world also.
For now, most of the "real world" is already owned by a handful of people, but the digital world is still very much up for grabs. And if one can own to earn using digital technology that will streamline the processes of the real world, then in time there is a chance to make inroads into cross-life ownership as value shifts the way it organizes itself. The economic revolution will not be loud, it will be efficient, convenient, silent.
Whether on Steem or anywhere else in the economy, stake is your voice, even if a silent investor.
I am rarely silent, I like to talk, walk and work.
[ a Steem original ]