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in #thoughts5 years ago

Just waking up (still in bed) to more market drops. Panicked yet? Nah, you only live once. People like to look at the price of Steem as reflective of the project but it is far from the case and one just has to look at the entire market scene to see it. Pumps and dumps all over the place.

01_JUNE_16_Macro-flowers-bird-15.jpg

I am looking forward to getting a job and a little additional income so that I can buy in a bit more than I have. 23 cents is looking great for Steem and I don't think it is finished yet but again, what do I know about trading, as I look long.

In some ways it is quite annoying considering the work put into earning Steem on the platform as many can just buy in but, will they? Some will but most likely as the past has shown, most will not. It can be 2 cents and it is still too expensive, but they might buy into some other pump and dump coin. It is all part of the fun.

As said before, I used to panic a little at these market dumps, my chest would tighten as my future life of financial independence slipped away. It doesn't affect me much now. The difference I guess is that one thing Steem has taught me about myself is that I have a work ethic that will see me through just about anything. Rain or shine, I have personal tools available that I can rely on to be there.

That, and it is enjoyable to be writing, to be creating something that is uniquely mine. My thoughts, my images, my development and my relationships formed with others. While people worry about their financial freedom, what about creative freedom?

I am not talking about freedom of speech, we all have that already. I am talking about the process of creation, using the tools and resources available to us to build something that is from us, that no one else but us could create.

One of the future problems is that the more we consume from the same sources, the more likely our ideas come into line. We are what we eat and we are increasingly eating the same slop from the same troughs. It ends up at a point where we only create what others create. It is happening already and we can see it in the polarization of opinion where groups echo themselves.

Staying narrow means that one is unlikely to see all of the other factors in play, which is why this focusing on price as an indicator of success is quite poor for a long-term view. Then, it also depends on what one wants. If finacial freedom is seen as freedom, maybe that makes sense to look at. I wonder, if there was a Weapon coin that people could buy into that financed wars, would they invest into it if it offered high profits?

Probably. Would you?

At the end of the day people work in self-interest and if their interest is only in paying their bills, it doesn't matter how they go about it. It is the same as doing it only for profit, isn't it?

It comes down to what we personally value and how we see the future as to the behaviour of the present, and those who think short don't consider the ramifications of their actions by default. Small steps into oppression and tyranny and as long as they get what they want out, it is fine.

We are all responsible for our experience and while we might lay blame in one direction, we ignore the role we played in another. The complexities of being human or the failure to discover the simplicity of it all?

As is often said, we create our world but what if we aren't creating anything of value or, we aren't creating at all? Creativity is a dying art as individual consumption of mass produced content drives action. We want free of the 0.1 percent controllers but keep buying what they sell - product, ideas and habits.

This is the reason the markets are the way they are, they are manipulated and supported to drive profits, not develop projects. People don't care about creativity and ideas, because whenever they get a few dollars to spare, they use it to support more of the same.

Taraz
[ a Steem original ]
(posted from phone)

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Same slop from the same trough.
Play stupid games, win stupid prizes.

Lots of stupid about and the lower price goes, the more get created

The stupid shortage is well and truly over.

I think it requires some deep and directed reflection, the feeling that the price gives. Especially if there is no actual change in behavior (any selling or buying) what emotions and thoughts do price changes produce? I'd love to read a psychological study.

I would like to read one too but I figure that Tversky and Kahneman did some work with it too. At a basic level, a loss has twice the impact of a gain so as markets fall it is seen as a heavy loss, even if one is actually up. I haven't bought that much and I came in to earn Steem, the markets haven't affected my steem holdings at all. Of course, one day I hope that steem is ore usable :D

The people who bought in at 7 cents are 400% up on those buys but they likely relate that the fall from the ATH is a loss.

The lower prices get the more base the reaction it seems, people get more animalistic in some sense which then translates into behavioural changes (rise in aggression?). I have said many times that Steem should not be relied upon but that is the same for the entire market as it is too immature to sustain as a steady support mechanism.

But, people are people and many look for a workless life, which crypto promises so, instead of hedging bets with real lfe work, they increasingly rely on what they get as profits, continually bleeding coinage. Someone is collecting though, the same people who didn't have to rely on it as an income so didn't need to sell any of their coins.

When it comes to Steem distribution, those who are reliant are bleeding, those who have other sources of income are buying in low. When things return, those who have lived a life of struggle will continue to do so if they haven't held the coins they have earned here as it is unlikely they would be buying in more now. While those with the means will be much better off. pity isn't it? If this does survive it will be an opportunity missed for many.

Hi Taraz. It is strange how people change because the price has changed. It shouldn't change the way you think unless you are lying to yourself and not thinking long term.

very few actually think much past the next day or week.

May the jousting continue..... lolol

https://steemit.com/blog/@lucylin/jousting-2-and-lots-of-clouds

(...hope you're feeling ok, matey?)

I wil have a look later, I feel like crap :D

ah shit, sorry matey...

Unfortunately, things may get worst before they get better as true capitulation has not been seen yet in bitcoin and others. This market is bringing all prices down indiscriminately without merits to their development and progress. However, once it is finally over and some fail and some survive, a new foundation will be built of those that are truly creating value and have a future. I strongly believe that Steem and its community will be seen on the other side.

Posted using Partiko iOS

However, once it is finally over and some fail and some survive, a new foundation will be built of those that are truly creating value and have a future. I strongly believe that Steem and its community will be seen on the other side.

I do too, there are very few projects out there with anywhere near as much going on, definitely not 2000+ of them :)

You got a 75.83% upvote from @ocdb courtesy of @tarazkp!

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