What will you do when you realize that your account is actually worth some money?
Ive been browsing the interwebs these last few day on info about this supposed bull market we will be seeing this year and that made me start thinking about what happens if there actually is a bull run and crypto moons again.
What happens if BTC goes to 50k and STEEM goes to $10?
Im someone that considers himself a longterm investor in STEEM, meaning that i will never completely powerdown. 5-10 years from now ill still be rocking a few thousand STEEM no matter the price. (or so i believe right now)
When i started up on Steemit 1 year ago, that was my first contact with cryptocurrencies. I knew absolutely nothing.
All i knew was that i can earn some cryptocurrency on Steemit. Thats about it.
Fast forward 1 year and i accumulated quite a bit (by my standards) of STEEM, WLS and bought a few other assets as well. Crypto was never my main source of income. It actually never was a source of income for me. In 1 year of my time here i have never sold a single STEEM and withdrew it to my account to spend it.
The only time i took STEEM out is when i needed to give someone their share of a payout and they wanted it in cash. But i personally never spent a cent of it.
That is mostly because my account is pretty small and my crypto holdings all together arent more then a couple thousand dollars worth which doesnt even make it worthwhile taking out. Also im of a belief that we arent even at 1/100th of the price STEEM has the potential to reach.
But one day STEEM might reach a new ATH and when it does, i could find myself sitting on something like 100k USD.
What then?
Will i be as "long term" as i am now when by selling my STEEM i could build not 1, but 2 houses from the money i made sharing opinions on stuff, pretending to be a blogger.
Financially, im pretty well off, but 100k USD is still a lot of money. Nothing to scoff at.
At what price point is a belief in the tech, in the idea of crypto, its potential and future replaced with:
Time to get my Lambo!
Are you that certain of crypto taking over from fiat that you will refuse to sell, ever? Who is brave and certain enough in that outcome to take that risk?
Honestly.... Im curious to see if i am. lol
Just some thoughts as always..
Keep on! :D
Posted from my blog with SteemPress : https://scrips.io/blog/lordbutterfly/what-will-you-do-when-you-realize-that-your-account-is-actually-worth-some-money/
Ten bucks wouldn't be bad. I think I'd dump a pretty good portion of mine at that rate.
It would be, wouldnt it.
... i always say. haha
At $4 I'm selling the ef out! Lol
Gotta pat myself on the back for all this effort. I have earned 9k STEEM in an year and spent 3k of it. Sucks,but I had no alternative at every moment I took out some.
You will be earning 100$ a post at STEEM 4$ and youre out? haha. We shall see. :D
Haha, I mean I'm selling some, not actually leaving!
Damn, I miss $80 DTube Payouts!!
That feels like ages ago....
For a lot of people like me, we go for the reasonable profit approach.
Could that be 4-digits, 5 digits, or whatever. I don't buy the whole crypto will make fiat disappear nonsense.
Isnt that the main goal of crypto? To replace fiat or in the very least act as an option alongside it.
That's what they tell themselves.
Then lambos must be the goal. :D
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