When it comes to cashing out SP, I set a four year plan two years ago. I guess I'll see where we're at in 2 years.
My vote was worth $20 at one point, so I guess if we reach those highs again, my vote would be worth even more. 50 dollar STEEM? I'm sure I'd start pulling a salary out. Take advantage of the highs, but wait for the floor, which would probably be higher than this floor we seem to be experiencing today. Maybe wait for the next wave to do something drastic. Shit, I'm still young. Too early to retire, but I did plan to retire young. I don't know. I'll see when I get there.
That's interesting, I was thinking maybe around 4 years from now would be a good evaluation point. If SMT's come out on time, at the end of the day they're just a tool, and it will take time for people to use that tool to make stuff, and then there's the inevitable chaos of winners winning and losers losing until there's just the main winners left.
Then I think there's our reliance on the maturation of the greater cypto market. I think that will probably take another two years(if we're lucky) to become easy enough for the masses. It should be interesting!
Damn, your vote used to be $20? I think when I started you might have been in the $4-$5 range, so I guess I missed the glory days, haha.
I can't see SMT's hurting STEEM. I do see hype .and a lot of money currently locked up in our economy here, going into a few flops, which is unfortunate and I, for the most part, will be staying away from SMT's until there's something solid to invest in. Many won't do that. They'll see a trending page advertisement disguised as a helpful blog post, and get burned. I don't want to be one of those people who gets burned. There will be a new shitcoin produced daily though.
Maybe I'll be able to hold my SP, use it as a tool like I do now, and earn some passive income delegating RC's away. I don't need 48,624,165,087,597 RC's. I assume that can be valuable in the near future, without sacrificing my SP, so maybe there's money there.
I'm in no real hurry, but, big but... this waiting game is not easy.