A Blog Post
busy·@acidyo·
0.000 HBDA Blog Post
I've been meaning to post regular blog posts more and I feel bad for my followers who have had to get disappointed seeing my daily streams. I am thankful to the ones that despite that have not unfollowed me yet. I have made it quite clear that I believe @dlive is one of the platforms with the highest potential for mass-adoption and that's why I am really enjoying streaming there lately and curating streams - but this post won't be about that. It seems a lot of people never learn, they see prices go down and leave or become inactive. It is kind of weird, its as if going to a casino when there are a lot of customers there thinking the odds of winning are bigger then. Might not have been the best analogy but time after time again they come back running because of prices when in fact the best time to accumulate is now. Its like traders who only buy coins that are on their way up and sell when the coin hasn't moved in a long time. I remember when Steem was dropping last year all the way down to 6-7 cents, what I can tell you today is that it is quite different. Back then when users and activity went down this place seemed like a graveyard, people were still posting here and there but most had deserted the place. Today it feels so different, sure activity is down quite a bit as well but there is just so much more to Steem now than there was back then. Platforms and projects are being created left and right and those who have already been alive for a long time are seeing a lot of new users coming in, many users who don't even know or understand how Steem works or what it is, often not even what blockchain is. That is a good thing, that's one of Steem's biggest advantages to make it easy for the end user. Steemit is still quite difficult to understand which I have noticed when interacting with some users who have only posted but barely know how to power up or transfer funds. It is nice seeing how these other platforms are making it even easier for the end-user, so much so that they barely know they are on a blockchain based platform. There are a lot of projects out there, many with a lot of value in their ecosystem but their usability and userbase are only a fraction of Steem, even at times like these - especially at times like these. People quickly get insecure, scared and worried when prices go down this way and often it doesn't help how many times you tell them that this is only natural and has happened many times before with cryptocurrencies. They are afraid that they will lose everything they have worked for and want to "get something out of it" which is a natural reaction and understandable, but it will often lead to you feeding some whales on exchanges cheap Steem. https://images.pexels.com/photos/462023/pexels-photo-462023.jpeg?auto=compress&cs=tinysrgb&dpr=2&h=650&w=940 I know we can never know the exact bottom on the price, it could easily drop down to $0.70 tomorrow or even $0.50 but in the long term it is not going to matter much if you purchased at $0.80 or $1.80 if the currency and project manages to do what it strives for. The best thing I like about Steem compared to other currencies that I've held in the past and even panic sold is that there is so much more you can do with it than just keeping it on your cold wallet or exchange. It even rewards you for keeping it powered up and safe in your wallet. Could I have profited a lot more by selling at $8 and buying back at $1? Sure, but who knows what could've happened a long the way, the bottom could've happened earlier, quicker and not given me the opportunity to buy in, exchanges could've gone down, taxes could've restricted my buying power, etc, etc. I know there are still a lot of you out there who have just remained powered up and ignored this wild ride but have regrets to not have sold to do some good trades. I personally feel a lot more safe just keeping it there, I know it might seem a bit crazy not taking out any profits at all after 2+ years and trusting so much value to the developers of Steem and Steemit but hey, you only live once, right? How has this bear market treated you, Steemians? Did you manage to get some good trades in? Did you trust Tether? Do you dislike SBD because it couldn't remain its peg? I will be trying to write some more blog posts about my thoughts, etc in the near future instead of just streaming on Dlive. I hope you all had a great week! ___ https://steemitimages.com/0x0/https://cdn.steemitimages.com/0x0/https://media.discordapp.net/attachments/331165119612452894/353956387350380544/acidyo-posting-banner.gif
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