On September 12, 2018 I made a post celebrating half way to dolphin. I told myself I wasn't going to put more money in until mid month, but with Bitcoin breaking out in an upward direction today I became impatient.
Worth it?
This is a very risky time to be investing in Steem, but it really is the only crypto I legitimately use. Got to put my money where my time is.
Wasting my time/money?
Sometimes I feel like a crazy person. I bought at $2.60, $1.60, $0.90, $0.33, and now $0.29. Sometimes I feel like I wasted my money buying that high, when I was fairly certain the price would indeed crash lower. However, how many people would have taken me seriously if I didn't have the stake to back up my words? Can I look at the money that I "wasted" in the past as an investment for building a network here? I think I can justify this outlook. I will continue to buy Steem all the way down to 5 cents if it comes to that.
The main reason I worry about investing here is that @ned continues to power down his entire account and seems to have gone dark for a full month. I guess he is still commenting so that's fine I suppose. At least the bigger accounts like @steemit are not powering down. Downward pressure from STINC and SBD continue, but I feel like we actually have some support at this level regardless of how it all goes down. Considering we are tied to the bigger market I think it's easier for price to go up than down, but I've come to realize I'm a pretty terrible speculator. Best to just buy in from time to time to lower the risk of volatility.
Another reason I feel like I'm wasting my time is that Steemit exists to lower the bar of entry to development. It's trying to bring development to the masses so that anyone can try to bring value here. As someone with a computer science background I should probably be doing more coding and less talking. Some days I'll post a blog and then do some crypto research or check the news. By the time I go to work the whole day is gone and I didn't learn anything new about the API here. Hopefully I snap out of it and get back to learning JavaScript.
I told myself I was going to wait to become a dolphin, but a big reason I bought in just now is because I want to join the Dolphin Council @kabir88 set up. I think a group like this can bring real value to the platform. Even if the USD value of Steem crashes further it will be worth it to start collaborating with Steem's middle class in an attempt to bring constructive change to the blockchain.
Conclusion
I've somewhat overextended my reach when it comes to investing in Steem, but I expect it will all work out in the end. More than just an investment, I hope to support a platform that can break the chains of artificial scarcity and help create jobs for the mass of individuals currently working redundant dead-end jobs.
I am still fully prepared to lose everything.
Even if this platform implodes it was still worth a shot.
I believe.
Return from Dolphin Status Achieved to edicted's Web3 Blog
