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RE: The forest from uncertainty

in #thoughts5 years ago

Only thing I keep kicking myself is when I bought Steem with several hundreds at above 5 dollars. It isn't all bad though, since it taught a lesson on investing: don't fall into FOMO. But that is not a big price for everything that Steem has done in my life. Furthermore, it isn't really a loss per say. Not in a long time anyway, since the plan is to hodl for several years and see what happens. I will buy little more Steem just because the price is so attractive, but since Steem is my biggest holding by far, I'm going to focus on diversifying, outside of crypto too.

The unfortunate thing is that the recent crash and bear market might've driven a lot of people away from the idea of investing completely, using it as a justification to stop investing completely, to avoid any additional pain. Though new people will come and when the industry grows, the trust will follow. It's all really about trust - that is already the basis of our economy, blockchain can just make it massively more better and scalable. Ironically, people don't fully trust it will take off. Yet.

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Though new people will come and when the industry grows, the trust will follow. It's all really about trust - that is already the basis of our economy, blockchain can just make it massively more better and scalable. Ironically, people don't fully trust it will take off. Yet.

Many more are going to be coming in and those who have left are numerically insignificant percentage-wise. It is a pity perhaps, but all new tech has a high attrition rate before it solidifies and gets trusted.

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