AskSteemit: What will you do with all that money?
In case you haven't been checking out your estimated value in your wallet lately, which let's be honest, is not something you want to do during this bear dip, you may have noticed that there is a slight glitch going on there:
Let's hypothetically say we are seeing a preview of the future here, not saying Steem is going to grow that much, but maybe the $ has finally collapsed, what would you be doing with that kind of "money"?
How much would you leave on your Steem account, how much would you trade with to try and catch the next even more brutal bear market and what would you do with the rest?
I had my account valued at almost half a million with half the SP I got now almost a whole year ago, now my account isn't even worth half of the 20k SP I powered up in March-April. Damn is this market crazy! Even though I've seen these swings a few times already I can imagine how stressful it must be for newcomers and especially those having invested during this year. I hope no one has put in more than they can afford to lose and in case you have, I hope you can wait it out. No one knows how long this bear market is going to last, looking at historical charts it could be a while but just like anything in crypto, everything is possible.
Say you have the amount of $ showing in your wallet today, though...
What would you do with it?
Well i'm going try falling back asleep. I know the day would always come we overtook that worthless BTC and really took cryptocurrency to the next level.
As first order of business I have txt a couple of my bosses today. As such they ask if I was coming in today and wanted to know if we are still "friends." Funny how everyone now is your friend when you have money.
I will take my SPARE CHANGEof $127 Billion Dollars and eliminate poverty and still have slightly over $4 Trillion Dollars left to of which I would devote $500 Billion to help clean plastic from the Oceans and Another $500 Billion on saving all animals especially those most in danger. Then I would take Another TRILLION DOLLARS on preserving ALL Tropical Jungles and Forests and Still Have $2 Trillion to spare.
Ahh Dreams!!
If you wanna' save the planet ie animals, jungle, oceans etc you'd more than likely be better off clearing the skies of chemtrails. I like where your heart is though.
Thanks @stillwater And I would still have a couple Trillion to spare so that chemtrails could be on the list of things to fix.
I would probably invest in undeveloped land, in several parts of the globe, plant a large permaculture fruit forest in each place, and maybe build a low maintenance primitive building/fort in the center of each plot.
Then I would party and behave like an animal, and probably spend or loose what ever I had left... Escape to one of the fruit-forests and live off the land like a savage beast forever...
Or something... 😆
Interesting question by the way...
/FF
Ok, so I have 199 billion dollars, what to do 🤔
First, let's imagine that not everyone has that amount of money, because then that would cause a colossal inflation.
I'd finally buy a phone :D (Dem, I miss having a phone)
Honestly, I think I'd go sleep in a hotel for a few days. I'm so tired of trying to make a living (and failing), budgeting, running every day to do paperwork and market research. I'd finally be able to take a small vacation and think it over. I think I'd have to hire bodyguards and hide my value as much as I can before I get kidnapped or killed for it. It would probably take me a few months to get stabilised, invest my money in projects, open a few schools, hospitals.
I'd probably find a stronghold to house myself in. First would come the fear stage where I would build a figurative fortress around myself with contacts and assets. Then would come the outreach stage when I'd start to feel isolated and paranoid. I'd probably start a vlog of some sort because I'd be famous and it's convenient, together with buying and building stuff, and then I'd start to wonder about the longevity of my assets and invest to make it grow and stable while also expanding my sphere of influence until I can do a lot of stuff.
1: Tons of SP.
2: Steemit Inc shares, if Ned & Dan are willing to sell some.
3: Lots of real estate.
4: A second citizenship in a decent country.
5: Fund scientific research, mostly on aging, fitness and mental health.
And who knows, maybe in half a century our wallet will look exactly like that. But only if we HODL ;)
Unless those 14T will be worth roughly the same as today. Then I'll buy a country or something :D
Lol. Just checked and was a total WTF moment. I think the first thing I’d do after Changing my boxers is throw a party on a cruise for all my friends and family. Everyone is invited and it’s all on me. One big hurrah. After that...the usual boring stuff...
YAY!!! Another steemfest coming up! :)
Yeah...as @raj808 mentioned... SteemCamp. Lol
Markets are indeed totally crazy nowadays. About the money glitch, what can I say...
Definitely wouldn't do this... :)
Haha that guy is direct. :D
Yeah he was actually joking but they didn't let him finish... I wonder why:)
Man Who Said He'd Spend Powerball Money on 'Hookers and Cocaine' Speaks Out
We will see enduring Steem valuations 10x or 100x bigger than now when we have orders of magnitude more of commercial activity on the platform than now. I'd love to see Steem develop into a platform for actual businesses that produce value and allow consumers to buy STEEM and SP in exchange for value thus creating a non-speculative basis for the valuation of the platform. I want thousands of apps like SteemMonsters that compel consumers to fork over their fiat. Gaming is one area where digital assets may attract massive fiat investments.
Imma buy the dip, of course.
And all DOGE and SMOKE I can get. The latter at a whoppin' $50 liquidity/day. Does Rudex support trading bots? 🤔
Next pump and dump.
PS: At - 80% this is the smallest bear market of all 5 crypto has seen so far.
lol I don't know really, I find it more confusing than openledger :P imagine bitcoin going from 500k to 50k, that's gonna be fun! Can't wait to check out that level of FUD.
Bitcoin never gonna stop at $500k. Ya forgotten all FUD writers first need to FOMO the bubble.
Was earlier looking at bitcoin obituaries. In 2011 a Forbes contributor wrote it was the probable end after BTC crashed from $15.
There's somewhere a new profession title in there. Just like foodie [groan]... Cryptodoomer.
Yeah, BTC is totally dead.....but it's 300th time this jas happened. Remember the first time you lost 20% in a day?
”Bitcoin is doomed” is the new ”Apple is doomed.”
One of them deserves it though.
Smoked that.
I'd shit all over trending...then power some down to go to a cheaper country and start a dev team.
Well...not with the current prices...
I would power it down, but I'd trade it getting ready to eventually sell some for fiat...
Correction: I would power SOME down. The rest I would continue to upvote with and start projects here with. That would be part of what I'd use the dev team for.