Thoughts, Words and Photos (Twenty)

in photography •  7 years ago 

I made a decision to buy in a little tonight, well more of a move by transferring a few Euros just in case I make the decision or I can catch the Dip. Is this the Dip yet? I think my portfolio is about -60% down and it has happened pretty fast. But, I think back to this time last year when I was blissfully unaware of what Bitcoin was doing and had no idea what an alt-coin was. It seems so long ago.

I am obviously in no way an expert at this nor would even class myself in the proficient category yet, in comparison to the majority of the people in this world, I am well ahead of the average curve. We all are probably. The market is so immature at this point that in the long-term and with a little diversification, it may be near impossible to lose. Well, that of course depends on what you diversify into and what you use to do it. Using quick loans or buying narrow come with a lot of risks.

As said, I did not transfer much but I wanted to transfer something as it makes me consider this differently. For me, there is a difference between earning on the Steemit platform and putting real-life earned fiat into this as it somehow connects it more to the material world. I think this is because I haven't actually used anything that I have earned here and it is kind of like using parent's money compared to one's own. The time will come to use it but, I am not ready yet and it isn't just the current prices.

For me, it is still too 'up in the air' how things will pan out and I want to see the impact SMTs have on Steem and also how things like the Steemit accounts holdings will be decentralised. They will likely have big impacts on the price of Steem and I am hoping that whatever happens, it will benefit those who have shown faith in Steem and have worked to help the platform in various ways. Although in no way among the most influential, I do count myself as someone at least trying to help conditions here.

Faith for me doesn't mean a few throw away words nor anything religious, it means that I am willing to commit some part of myself to the actions of something outside of myself. It is very personal. This is why I will most likely buy a little Steem with the little I am converting. It won't even be much, more of a token gesture than anything but it proves to me that I am willing to trust and to lose, to pay a material cost and invest myself into it.

As they say, never gamble what you can't afford to lose and even though things are tight, I have made some provisions over the last month to make sure there was a little extra at the end. If it goes well, I might make it a more regular thing and cut back a bit further on some immediate unnecessaries to put a little into future possibilities.

Doing this reminds me this is real.

Taraz
[ a Steemit original ]

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I've been considering it, but the main goal for me right now is getting to the slider bar at 500 SP. I would like to do that in one fell swoop rather than chipping away at it with multiple purchases. My plan right now is to keep working toward it organically and if the price becomes even more favorable, I'm thinking I'll buy in. Come on, slider bar!

We were just talking about it in chat as a friend got his just a moment ago. It is an important step I think.

It allows you to more effectively spread your influence. For instance, the topic of spam has been coming up more often. If you have a slider, you can give them a 1% downvote which gives them a warning, but doesn't destroy them and it preserves your voting power.
It also allows you to interact with more followers by giving them a portion of your vote rather than the whole vote to just a few people. This can help with increasing your base of followers.

I think it’s best to chip away at what you can when prices drop rather than save up and hope you’ll be able to jump on a big drop.

I’m not sure we’ll ever see Steem this low again. I’ve been wrong before though... Goodluck :)

That's a good point. I just have a lot of other areas where the money need to go right now. I think that's good advice though. Small changes done repeatedly can make a big impact.

I mean use the money if you need to and invest what you can afford to lose :)

I believe sowing seeds of Faith is a major step. Watch them grow!

  ·  7 years ago (edited)

I think it is a psychological hurdle and clearing it makes me more engaged. Even though it is not much.

I am debating the same thing. Had put some more in last week...guess I was early. Now hoping that this is the bottom and think tomorrow will be very telling. The hearings with Congress could be a major disaster or huge boost to the market. Not sure what will come from tomorrow...but it is likely to move the market.

Even though it seems 'high' last week, in the long run it will still be a good decision I suspect. Yes, I am unsure what the markets will do on the news.

I agree long term it was a good buy, just always easy to second guess yourself after the fact. I'm a very strategic investor and been doing this long enough to know that you can't be upset with yourself if you make a bad buy...or sell.

Will be interesting seeing how the US plays this. Now there are stocks tied to crypto and the market has taken a beating the last week. If they go the direction of trying to restrict crypto like China in anyway I fully expect a further crash in stock prices on top of crypto.

That isn't what I think will happen as they allowed the futures market on bitcoin to open. If anything my thought is they will try to figure out how to keep away the scam ICO's with regulations. The US government just can't help themselves but to increase the size of the government and overregulate everything they can get their grubby hands on. This is still much better then trying to restrict the market as a whole which some fear.

If they go the route of calling crypto a security the flood gates will open. Investors will be able to go to a broker dealer and buy their crypto. Accounts will be insured and protected. And you will have the biggest powerhouse marketers in the world pushing crypto to make their commissions. We will see big money flow in and there just isn't that many sellers out there to handle the increased demand that would be created. Prices would jump dramatically IMO.

I have seen a couple of sources say pretty much the same thing. I don't see them restricting to much as there is too much innovation and money to be made in the future. I do see them looking to regulate and reduce anonymity, especially concerning ICOs.

Anonymity is the issue governments around the world really have. They can't tax people and that hurts them. If they figure out how to completely remove this issue I feel governments would be all for another asset class to tax.

This is actally inspirational and it's grea the you are able and willing to "put your money where your mouth is" ;)

It is difficult to decide on what to do and I'm even newer to this than you. Steemit is what brought me to learn about bitcoin and altcoins and I'm not sure I am ready to invest. I remember I was thinking of inveting a bit when BTC was $13K and now I'm not so sure about doing the same at almost half the price. Buying crypto with real money sounds scary.

Yes it does sound scary, even though the amounts are small.

Well, small is a relative term ;) In a cheaper country like Bulgaria the same dollar amount goes a much longer way than better developed places (and shorter than more underdeveloped places) and under a certain threshold, it seems that it's not worth making the investment as the transaction fees become too significant. I actually hate it that we have to go through Bitcoin for everything, it would be so much better if we could buy Steem directly with fiat or at least to buy something like ETH where the fees are not so high.

I think that was a good choice, you won't have to miss the bus, when it's going up.

I'm thinking of buying some steem and i registered in coinbase and Poloniex for that but it takes ages for the account to get approved :/ Almost all crypto are going down, but i think the dip is much higher than in other cryptos than comparing to Steem. My immediate objective is to achieve 500 SP, and i don't mind investing some money on the platform since i have faith in its future :)

  ·  7 years ago (edited)

In the top 100 Alts, steem is number 5 when it comes to what has dropped the least. This is hopefully a good sign of future growth. Investing here has the added benefit of earning even if the markets are down.

Yes, i agree. What platform(s) are you using to buy steem? blocktrades and coinbase? or which you do you recommend? :)

I would definitely say with whatever experience I have is there should be a back-up in case you the market loses its value. Cryptocurrency is highly unreliable.

Hello my dear frien! Actually your way of thinking is not preposterous, since most of us are betting on a good future within the platform, the advantage that you have is that if you can invest and believe me my wish is some day to invest, at the moment I cannot because the economy of my country is a disaster, until now I have not heard from someone who has complained about investing in Steem or BTC, the truth is that most of us are in diapers in the middle, anyway there is a user that has had its successes and mistakes with the crypts is called @paco is very open and you can talk to when you want and thus share their experiences.

Paco self votes his comments for hundreds of dollars, his experience is as a scammer.

Well, how hard! As I told you before, I'm home in this medium and I still have to learn, I did not see Paco that way.

Scroll through his comments for the last two to three months.

All Right!

I think you are right. i also need to do something so i can't loose all..

nice information sir thanks for sharing it tarazkp

this post very nice..and great photography...i appreciate your click @tarazkp really beautifull..carry on my friend!!!!!!!!!!

resteem & upvoted

interesting articles,

Passion is the beginning of Success. Blessings