Vlog 435: Dollar cost averaging strategy + AFIT, PORN, DEC + STEEM usecase in the future.
Some say I'm to emotionally invested into Steem.
They are right.
Steem has been a huge part of my life for the last 3 years.
I know pretty much everything there is to know about Steem.
I love this place.
And every day I invest more time and money into Steem based on that knowledge.
To me that makes sense.
Admittedly I never thought we would get to 18 cents Steem ever again but now that we ARE here, I'm taking the opportunity that is presented to me.
It's not like I haven't been here before: Read this from 3 years ago.
In this vlog I talk about my dollar averaging in strategy, I also talk about other investments on Steem I invested in and also where I see the use case of the STEEM token going in the future.
I did forget one use case in my vlog that I should have mentioned. STEEM will be the main trading pair vs SMT's/ is the main trading pair for Steem-Engine tokens.
I've also been told that these vlogs have more value then I give it credit for. To everyone that sent me a message saying that thank you for that.
I'll continue to make them for as long as people want to hear it.
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▶️ 3Speak
LOL Emotionally attached to STEEM....I'm right there with you man!
The opportunities are popping up everywhere you look, and the feedback I've been getting from bringing people over here is...Pure excitement.
Sometimes I don't think we realize how good we have it here. The future is in the people and the communities / tribes...We have SUCH huge potential!
This!
Remember this comment thread? (steem was at 40 cents a month ago) https://steemit.com/threespeak/@marki99/jxk5j0l1
Not many people thought the market would crash again..
What is worrying is that bitcoin is still at 11k... and I don't see steem going up compared to bitcoin for at least 6 months to a year. I have bought 100$ yesterday just because I couldn't resist, but I still think the bottom will happen when Bitcoin reaches at least 6k, probably lower.
However, I will have a buy order set for 15 cents whatever the Bitcoin price. This bear market is a dream come true for all who can see how steem will be.
When will you start to buy Steem? Which level?
It’s not about the price of steem, more about the price of bitcoin as all the market follows bitcoin. So when I feel that bitcoin has corrected enough, I’ll buy steem.
As long as bitcoin doesn’t have a long stable period at low prices, then the bear market isn’t over, and alts probably won’t outpace btc in the bear.
Obviously this is all speculation and I might be talking shit.
Posted using Partiko iOS
Good call by you back then.
Brilliant Vlog my friend!
Your advice and strategies are really helpful, and I'm sure STEEM will rise again.
The SMTs are a fantastic addition to our economy and me, as a musician and songwriter, are finding them priceless as an extra source of income.
Until next time.
Thanks
DC
I'm pretty excited for wallet accounts and RC delegation I think those are going to be real game changes for bringing onboard people as well as SMT if you look at all that's being built there in this winter and low prices you have to say that this place has to have something special about it. I mean LTC foundation hasn't had nearly any dev this entire year and this chain just keeps getting new features. I can't wait to see where this goes and how I can integrate it into my current business
What do you think would happen if instead of earning Steem from blogging, you earned a new SMT like you talked about and a hardfork dropped the inflation on Steem to something really low, say 1%.
I always hear the high inflation scares investors away. What happens if we just flip it on its head? Since Steem would still been needed for RCs, I feel like the price of Steem would have to rise. Companies could take the hit as well since they could buy the Steem and then delegate RCs to new accounts to interact with their game/app/etc. The companies could then earn back that money with ads and other sources of revenue.
Interesting thought, I'll have to ponder on that a little longer first.
I have not thought it all the way through but I think something along these lines has promise. It would essentially be like burning an astronomical amount of Steem since those coins will never come into existence. Since the steem reward pool would go to zero (the current reward pool would be converted into whatever the new SMT is called) the amount of Steem available on the exchanges would quickly dry up and the sell pressure would be removed, driving up the price. After a brief window where nonbelievers sell their Steem, Steemit Inc would be the main seller and could almost set their price. As the price rises, they would need to sell less, encouraging the price to go even higher. People could be encouraged to power up through two mechanisms: 1) The low amount of Steem inflation remaining (whatever is agreed upon) goes to those with powered up Steem and is given as Steem power, 2) Individuals/developers/companies need to power up to delegate RCs to use the Steem blockchain.
A quick reversal in Steem price coupled with MIRA, SMTs, Comunities, etc should get people to revisit their negative view of the Steem blockchain and hopefully turn this ship around.
I agree with you. Steem should not be a reward for posts. Steem should be a coin only for investors!
I still laugh like crazy when I hear people saying STEEM will go below 10 cents.... ahahah, oh what a dream. I feel bad for them.
You and I are emotionally invested into STEEM but that doesn´t seem to affect our judgment as much as those persons claiming that ridiculous prices.
The price might get there, this is crypto after all. But I do think that the bar would be lowered to 7 cents and then 5 cents once it does. At some point, you have to start buying if you want the token that is.
Started monthly way back at $3.90 and I only find more reasons to continue buying down here. I am not a trader so will continue even as my cost average is down to $0.70! A great price to have it at for the future value already being created!
Posted using Partiko iOS
People should sell their house and buy steem now jk jk hahaha
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