If you are still wondering how we got here or what the future holds in stock for us, then you must be missing out on different opportunities stiring you in the face. Have seen and read several posts urging me to do more at this time where the bears are all out on the balcony of the crypto space but the reality is more factual and cognitive.
Nb: I did not dispute or debunk anyone's opinion or advice, just being rational about my thoughts
Source
It is evident that the prices are still going down a little bit before the changes take place (base on speculation and assumption) and it is a lottery ticket to acquire some now when the prices are considerably low. But have you ever thought about the fact that it is people who sells at that time that create the opportunity for those who are willing to hodl. While, I am not ready to join the league of those selling out maybe due to fear or other tangible reasons. I am yet to decipher a suitable position for the likes of myself (who neither sell nor buy).
Logically, one who think about the possible reasons why I am not buying into the dip when the opportunity is here and why I suggested the H&L in crypto as a signal for diversification.
Do you have few minutes to spare? Then, let me give you a brief summary. The rate of the population of people from the Third World countries who are Steemit (active) users increased drastically (around Q3 this year) especially that of Nigeria. It is due to the fact that there is scarcity of jobs and so many qualified and certified graduates are unemployed. Even the economy is phasing out (Naira is collapsing to Dollar) and the available option was to push data to the blockchain and get rewarded for it which seem fascinating and interesting. Meanwhile, the price doubled at that time and that encouraged and motivated a lot of people (but not the case now).
Source
Note however that, most people who joined the blockchain then are relatively student (without a student loan), a fresh graduate (without an income/a job) and others. Few months ago, on
@timcliff's blog, I read about an interview with
@acidyo
I read how acidyo never expected anyone to soley rely on cryptocurrency as a means of survive or income.
Tim: What would you like to see more/less of from "regular users"?
Acidyo: Working together as a community, not forgetting from where they came from and what they were making on those social media platforms and most importantly not going all in as to rely on Steem as income for daily expenses. Crypto markets are brutal and they will not make that possible for you in most cases.
Also, in the same vein while interviewing @donkeypong said, he felt so much compassion on those regular users on the steem blockchain and they deserve some attention.
It is evident that those categories of people who are from the Third World countries are regular users who survive on Steemit (the writer inclusive), nothwithstanding few have investment on the chain. While our other counterpart in the developed/advanced countries are opportuned to have a cash flow and good existing economy which placed them on a higher pedestral above others. In my POV, they are in a better position to acquire more during the bear market.
While everything seem down and everyone look depressed by the state of the market, I would suggest we diversify our plans for effective return. At this point, you can take a job (paid or volunteered), learn a skill or vocational training, market your talent and showcase your creativity. Do something while you wait for the bull! The plain truth is that a lot of whales, orca and dolphins have other source(s) of income other than cryptocurrency and they have diversified long before now.
Yours, @mediahousent blockchain host, APPICS Ambassador and STEEM enthusiast
You made a lot if sense bro, I remember when steem price was very favourable this year, there were lots of post saying they are quiting there jobs to face steem wholeheartedly. I wonder where they are now and how they will feel.
But one things is funny in this whole thing, as bearish as the market is, someone can still make a living from it. Trust me.
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You have spoken well well sweetheart. It is always better not to have all of ones eggs in one basket. I learnt that lesson the hard way. Diversification is great, multiple streams of income is the wisest way to keep your cash flow continuous
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