RE: #7.1 - Why a $1000 Bitcoin could be a good thing
I think that the main take-away here really comes down to stability. How much it is worth at the point of stabilization is only of interest for anyone who invested in it, but for pretty much everyone/everything else, the benefits of stability outweigh the heavy ups and downs of Bitcoin.
I am not as well versed when it comes to crypto currencies as I would like to be, but even I can see the changes over the course of this year. There are a lot of posts that seem to be dated back 5 months from now on, which is arguably around the time when bitcoin had its all time high. Clearly, a lot of people around that time started to use Steemit as well and I heard things about SBD having a worth of 5 dollars back then.
When I started here and checked for the first time, it was slightly below 3 dollars, that was almost three weeks ago and now we are sitting at 1.26.
Aside from me clearly being late to the party, this drastic change isn't something I consider to be healthy. I am not here primarily for the money but I know that a lot of people started to live off of their Steemit earnings. Of course, I am confident that these people are smart and flexible enough to know how to make an earning outside of Steemit as well, but still.
The strength of these tides is tremendous.
The party has barely started, you're not late... don't worry!
If anything, all things being equal - you came in just at the right time, seeing ATH's and experiencing a "crash" - you will do well in the coming party-times! :)
And anyone putting all their eggs in one basket, should expect to get REKT...
People who quit their jobs on hype and hopes... well... hopefully they were prepared to find new avenues...
Investing your life-savings in Crypto and quitting a job while you need the steady income, because you think you can live off steem blogging, is almost the same thing IMHO
And they are indeed - and if this IS the future, the strength and "wealth" of those who saw it coming, will be as well...
I am here to stay, so I am looking forward to the party.
Steemit is my first experience when it comes to blogging, but I intend to branch out further. Spreading my eggs over more than one basket.
Glad to hear it, welcome to the party - we're just getting over a hang-over right now... ;D
Crypto is a long term game, and not one that will change your life from day to day, but most likely make it MUCH better in the longer term...
I used to blog back as a student, but same for me for more than educational purposes.
One way or another, the next few weeks promise to be educational and interesting. Can't wait to see where the journey goes.
What did you use to blog back in your studying days?
Indeed... For some just interesting and very educational for others - it's a beautiful thing IMHO..
I have a philosophy major and minored in journalism, so got into entertainment journalist blogging, and got sidetracked from there... :D
So nothing special, just for experience, but I always liked expressing ideas on paper... :)
Don't sell yourself short, I am sure your earliest works had a lot of substance and charme to them.
Thanks, appreciated :)
I intend to use wordpress in the future as well. Just need to understand how to set that up.