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Falling prices raising opportunities


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.

Taraz
[ a Steem original ]


Comments 33


Well said, the risk of not investing in steem is too risky, due to the potential opportunity long term.

09.08.2019 21:22
1

Some will never risk anything, no matter the upside possibilities. I wonder what a life of no risk taking feels like?

09.08.2019 21:26
0

I look at it this way. I wrote on various blogs and websites over the years for free. and it never even occurred to me to think I could earn anything other then maybe a little attention or maybe catch the eye of someone with influence.

Maybe I would receive a comment or two and that was enough for me to keep on writing. It kept my hopes up that at least one or two people took the time to read the words I wrote and maybe even cared about the thoughts and ideas I had.

Even if steem drops to a nickle I will still keep on writing because I enjoy the process and writing for Steem has been more enjoyable then any other website or blog I have written on.

09.08.2019 21:24
1

and it never even occurred to me to think I could earn anything other then maybe a little attention or maybe catch the eye of someone with influence.

This is the scam of it all isn't it? What do most people actually get out of what thy put in?

and writing for Steem has been more enjoyable then any other website or blog I have written on.

I love writing here. I never thought I would love writing so much.

09.08.2019 21:28
0

Yes, yes, yes! I want my piece of this pie too, and am buying as often as I can. I will continue to buy all the way down to 10 cents and more. I love the fact that it earns while I sleep and while I work at my mind-numbing job. It earns while I cook and clean and care for my family, all the while dreaming of a life more free of strife than this fiat fiasco we have now.

I have faith in the system that was put into place in the beginning. Just because there have been roadblocks and hurdles doesn't mean the system won't or can't work. I faith in the people who come day in and day out to share bits of their life, people who believe in the possibilities this place presents. And I have faith in you, so cheers, @tarazkp!

09.08.2019 21:37
4

I love the fact that it earns while I sleep and while I work at my mind-numbing job. It earns while I cook and clean and care for my family, all the while dreaming of a life more free of strife than this fiat fiasco we have now.

This is an awesome way to look at it.

I have thought about a future of owning a self-driving car that earns as a taxi while I am at work. This is what Steem is doing for me now. :)

I have a lot of faith that this is all going to come good too as there are so many people getting behind it that matter. A lot of work and a little luck and everything changes enormously.

09.08.2019 21:41
0

Fiat fiasco! 🤣 yep that pretty much sums up how I feel about it 🤣

Posted using Partiko iOS

10.08.2019 01:38
0

Falling knives are falling knives. I bought 20K steem around 1$, not much left of that. I bought another 5K at 40cent, also 50% loss. There is still so much power down going on and so much Steem on exchanges. I like what is happening as a better distribution is so important but i am patiently waiting for any signs of bottom or even better, reversal.

Posted using Partiko Android

09.08.2019 21:49
1

While the price falling is in part due to the large selloff from stinc, better now than at higher prices where they can sell less for longer. That dumping Steem is being picked up by more people cheaply and that is good for the distribution at least. Although, I wouldn't mind a quick reversal from when it hits 10 either ;D

Hope you are well mate.

09.08.2019 21:53
1

All good here :-)

I have at least another 0.5 BTC ready to go into Steem, i will just enjoy the BTC ride first a bit like many are doing. This will be enough to become Orca, just amazing, isn't it!? The thing is that BTC will have to do his thing first, there is so much certainty to be found there now, let's get more by riding that wave and switch at the right time. In the meantime, let Stinc and some others sell off as much as possible, a wet dream for the future of Steem, i am very excited about what's happening here now, very very.
Will you make it to SF4 you think?

09.08.2019 22:04
1

I am slowly moving into BTC now, better late than never? :D
If Steem drops low, I will move fiat into it though, at least some of it.

SF4 is unlikely because it would have to be a family trip and my daughter is unable to travel as she has relatively bad food allergies at this point. No fun traveling for anyone with a kid with a badly upset stomach :/ It is a pity though because I would love to meet up with everyone again, it brings so much community value I think.

09.08.2019 22:17
0

I'll be buying, too! It is such a great opportunity!

10.08.2019 00:32
1

I think so at least :)

10.08.2019 08:18
0

Indeed the price has dropped and it is a buying opportunity...provided it will rise as before. Time will tell. I too have stuck in there and have been a constant as yourself. Best @tarazkp

10.08.2019 00:36
1

provided it will rise is always the question and there is no such thing as a given. For me at least, the risk is worth it and with 100 million available for less than 20 million dollars, if it does rise and people want distribution, they will have to buy some.

10.08.2019 08:20
0

It can stay low for a while more til I hit my next pay cycle and try to figure buying out 🤣

(I still don’t have spare money and definitely not more than I did before, but I am pretty good at reshuffling however I don’t know how or if this will work out because numbers 😱)

Posted using Partiko iOS

10.08.2019 01:37
1

@mattclarke or @galenkp might be able to help with how to buy for you when you are ready.

10.08.2019 08:21
2

Best/easiest way is to load some cash onto a prepaid VISA card and use it to buy packs of splinterlands cards.
Then sell the packs on steem-engine.com for STEEMP, which can be withdrawn to your Steem account. Want to make it at least $200 US though, to get the 10% bonus packs.
US$1000 is better, 15% bonus.

10.08.2019 08:41
4

Don't have that much spare XD But I may just do that as it's the easiest thing and I'm lazy. Except knowing me I'll probably end up combining/playing with cards and maybe selling them later >_>

10.08.2019 23:58
1

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.

Yes!! now shut up & say no more. And rather, just fire up the english subtitles on this revealing video below. :)

10.08.2019 04:06
1

I have seen this one :)

10.08.2019 08:26
2

Yes, I imagined that.

So, I thought you would like to see it again 'without subtitles' to practice your Spanish even more. LoL :)

10.08.2019 08:50
0

I had a Spanish guest here last weekend. Hola! :D

10.08.2019 09:26
0

¡Astonishing Awesome! ...papacito ;D

10.08.2019 09:52
0

Just bought 10 Sonic Groove Music Miners... They will produce me more SONIC tokens which I can put to use in the music community. And I will continue to power up more STEEM regardless of the price.

Posted using Partiko Android

10.08.2019 04:47
1

It is going to be interesting for you if a few of these frontends work well. I feel confident of steem at any price :)

10.08.2019 08:22
0

At least it will be my Steem and nobody can tell me what to do it so I can spend it all on digital Monster cards!

Posted using Partiko iOS

10.08.2019 06:54
1

Isn't that living the dream? Owning something that has personal value and can be personally controlled. It might just be worth something off platform too - one day. :D

10.08.2019 08:23
0

Nah. No buying for me. Had enough of buying. Might sell some eth to buy Steem once Steem goes down to 5 cents but thats it.
I put in 1500 euros at 1usd. Worst call i ever made.

Im pretty much done with putting fiat into Steem. Not until steemit inc stops their sell off or finally sells everything.

I wont sell steem but in my mind, i really dont see steem as something that will ever make me money.

It was a shitty investment for me so i stick around because ive been here so long and i do actually like to read stuff and communicate with folks. I enjoyed that on youtube and facebook back in the day. No reason why i wouldnt enjoy it here.

Once you stop seeing Steem as a investment, as a money printing machine, you start seeing it as what it should be.

Posted using Partiko Android

10.08.2019 07:21
1

Yep, I bought at a little over 2, a little under 2, above 1....

I wont sell steem but in my mind, i really dont see steem as something that will ever make me money.

I think that it will make you money, maybe just not on the time frame you want :)

Once you stop seeing Steem as a investment, as a money printing machine, you start seeing it as what it should be.

This is what bottoming out will hopefully do for some people. Any rise though, and the rest come back.

10.08.2019 08:25
0

Hi Taraz. Yep there are opportunities a plenty and the plan hasn't changed. If we all stick to the path picking fruit along the way we will be well off. I can't believe how easy Steem is at the moment. Hard work, but fairly easy to earn. I find it funny that people complain yet the opportunity is right now.

12.08.2019 10:37
1

Hard work, but fairly easy to earn. I find it funny that people complain yet the opportunity is right now.

For those who find their niche (you seem to have for now), Steem is not only easier, it is fun :)

12.08.2019 14:35
0

You got a 53.44% upvote from @ocdb courtesy of @tarazkp! :)

@ocdb is a non-profit bidbot for whitelisted Steemians, current max bid is 20 SBD and the equivalent amount in STEEM.
Check our website https://thegoodwhales.io/ for the whitelist, queue and delegation info. Join our Discord channel for more information.

If you like what @ocd does, consider voting for ocd-witness through SteemConnect or on the Steemit Witnesses page. :)

13.08.2019 05:30
0