If only I had listened and if only someone had told me straight...
Last year at the high inertia said to me”we are in a bubble.” I thought “no, this is the new way!” One of us was right and my net worth dropped. I’ve been kicking myself for a year. So, I don’t want that to happen to me again, and I want to be a guy that says “hey don’t miss out on this.”
don’t miss out on this
There is blood in the streets. Crypto is going through stages of capitulation. It is possible we will see lower prices over the next few weeks and months, but the recovery can also take place soon. It’s impossible to tell.
What’s not impossible to tell is that crypto is going to have another all time high. We aren’t dead. We are reloading. This is roughly the eighth cycle of this.
On that front SteemFest was filled with multiple days of developers talking about what they are building here. Smts are coming. People will launch thousands of them. Few will make it to anything but those that do will horde some Steem and drive prices up. Instutional money has been setting up for this moment, and when we go back up it’s gonna be with Goldman Sachs money in there. The future of crypto and the future of Steem are healthy.
what to do?
Stop spending money on useless shit. Invest in crypto. Buy Steem.
You can earn here through the distribution tools, and while it’s not always a ton, it’s easier when you have some steem and stake if your own. You can build here and work with others to program, market, sell, or creatively inspire projects.
Take money you’re going to otherwise waste on some useless holiday shit you won’t care abou a month from now and start putting some money into Steem every day or every week.
what not to do
Don’t take everything you have and dump it all in at once. There is a chance we are at bottom. There is a chance we are not. Try to make a few extra bucks or save them and put that into Steem OVER TIME.
a year from now
I think crypto will be up and Steem will be doing great. Maybe it’s two years, but I don’t think it will take that long. There’s another all time high coming, and in order to make a shit ton of money on it we have to invest now and be patient.
So, I’ve said it. I will keep saying it. Steem under a dollar is fucking steal. Steem under 50 cents is insane. We are in the zone where you are likely going to find the single best entry point for the next year. Don’t miss it.
is this financial advice
I don’t know you, and I don’t know what you can afford to spend. This is general investing advice, but I can’t know the specifics of what is right for you and your family. Don’t put money in you will need out in the short term. Do your own due diligence and make smart choices using this as just part of it.
Lastly, Steem monsters have held up exceptionally well. Consider them as they have slightly less risk but I also don’t know if they have the same upside yet.
@aggroed I have to say that I think your Steem Monsters is a real killer app on Steem.
I've just started playing it and am very impressed both as an (addicted) consumer and from a professional business standpoint.
It precisely combines the benefits of blockchain decentralisation (digital uniqueness & scarcity, trustless trust, and instant friction free markets) with a more standard centralised business revenue model (selling card packs and taking a cut on the market).
This is a perfect hybrid, taking the benefits of both decentralised peer production and centralised firms to produce a compelling product and a solid business.
I plan to write a proper post about this next week. Or maybe I'm just trying to justify staying up to midnight two nights in a row playing it! :-)
the Daily "Spotlight"!
@aggroed I think that you are right, I don’t put money into Steemit that takes food off the table. I also don’t just jump all in, But I believe this will turn around. When, I have no idea, so I buy steady small amounts. I will buy when there is bloom the streets......even mine. I am not just throwing money, I am investing in what I believe is the future 👍
Resteemed
Looks cheap doesn't it?
looks around the house for stuff to sell
ROFL! I feel the same way.
Inspiring, thanks :-)
Posted using Partiko Android
Oh December 2017, where have you gone?
Hahaha I know . We are still optimistic though!
I, too, remain optimistic. It's Steem that will succeed. I care little about other Cryptos, simply because of the Proof-of-Brain concept, which makes total sense.
Minds.com and other crypto blogging platforms with similar concepts are globalist outfits - the wolf in sheep's clothing. Be careful where and with whom to invest - staying away from the criminal, murderous Chinese investment dragons - D-live as an example.
As aggroed preaches and supports: Build a business around STEEM, any way shape or form. Try it!
As Gold other precious metals are being highly manipulated by the powers that should NOT be, so is crypto under attack by the forces that will not prevail.
Rant over.
@aggroed I play Monsters too much I am going to Need Therapy Soon................
LOL... New Therapy Chain SMT Coming Soon!!
Posted using Partiko iOS
I have been powering up all my posts 100% because I know a couple of months or a year from now it will be possible to have more than 10,000 in Steem Power and hopefully grow into a whale at some point in the future. I will probably go down with the ship if it ever came to that because Steem has given me so much.
Thanks for your observations, @aggroed! I think it's important to learn all we can from our experiences!
One way to invest a bit over time is to use a Dollar Cost Averaging (DCA) strategy. A similar, but more sophisticated strategy is Value Averaging (VA).
Personally, I feel that Steem is still more speculating than investing.
The problem here comes in from the fact that we have known the stock market all our lives.
We have never experienced a real stock market crash.
Or, the very real catastrophe of the stock market ceasing to exist.
It has always been there.
McAfee has STATED (quite loudly) that bitcoin is going to $1,000,000 each.
And there is almost no doubt in my mind that it will reach those highs.
However, i doubt that bitcoin will reach $10,000,000.
Why can it reach one number and not the other?
Because, at a certain point in time, things will go no bid.
The dollar will be worth so little, that no amount of them will buy a bitcoin. Not even a satoshi.
The entire idea of trading fiat for cryptos will just disappear, seemingly overnight. Further, all these exchanges are going to fail, and fail badly. Most, it does not appear, have all the bitcoin they say they do.
So, along with the buying low and selling high
you have to factor in
will you be able to buy at all?