RE: Curator (Investor?) Cat On Steemleo: The Value of Investing in OURSELVES!
That cat looks like Baghira panther, or atleast a family of it. Yup... I am absolutely clueless, on steem token stuff, I watch only BTC, LTC stuff, but my article in Steem earned me some steem which makes me a holder of steem.
And I earned that with a lot of hardwork, since like Oct last year, I never got out any payout for a longish time until like 2-3 articles back...(: ... so in time maybe if you write good content that attracts others you can get some steem stuff(I am not going to invest currency money but will leave the steem I earn here in the steem wallet) and maybe if price appreciates I make money?, that is long term and like no pressure stuff.
I love to support projects and hold money but some projects are going down, like ADA, a coin that is supposed to have gone up is like beaten so badly that I don't know what to do, I am still holding though.
So, I am mix, you can keep holding yup but you have to sell your coins when they go up sometime, and for that you need to keep stop loss, target and be a bit diciplined and organised.
If you get a hang of investing and trading, selling just before the price of coin reaches resistance and buying when the coin has strong support, I think you can make money. But damn yeah, I have to spend a while everyday a little seeing all that, its almost like a part time job this investing, but its all good I guess.
Yup for now, just hold those Steem stuff, coz its all bullish I think...if alt season kicks in, Steem may rise up and up so I heard Nicholous of Datadash say, but don't have hopes on it, its all a possibility, nothing is certain.
You can never earn money easily in investing. But you can choose your coins as wisely as possible and keep learning selling and buying at the oppurne time, I think.
Since this is early days of those tokens, I am sure its great you caught hold of them now.
Thanks for the nice comment!
For the most part, investing tends to be a "zero-sum game," meaning that when you buy an investment at, let's say $100, someone is selling that investment at $100. In cryptos, we have this new thing called "airdrops," but the vast majority of those seem to serve little more purpose than to generate publicity, and then everyone treats whatever they got as "free money" which then drives the the price down.
You look at something like Steem and the price is terminally under pressure because the vast majority of people here see only a chance to "make some cash," not a chance to hold an asset in the long run. In its original configuration, Steem had a much more long term vision; once you powered up it took TWO YEARS to power back down... which created a lot of solid long term investment. When they change the power-down period to 13 weeks, it was — in some ways — "the beginning of the end."
That said, I am still hopeful for the future of this place... MOSTLY because the underlying premise — building social communities on the blockchain — remains sound and relevant. AND, we happen to be doing that on one of the fastest and least expensive blockchains in existence. The markets may be fickle, but the fundamentals remain in place.
=^..^=
I am not a Steem fan...but reading and finding so many of you doing their bit supporting Steem is inspiring. This makes me come back and support Steem by reading posts, and liking good and interesting content. Let's see, I too will be active here once a while posting good content and reading and commenting as well. It would be great if Steem does great in the space it is designed for, for blockchain's sake.