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RE: Vlog #7: Why I don't power down

in #life8 years ago

Hey my bro!

Awesome vlog as always, man! And yeah, I must say that I agree you what you say 100%. Steem will be more difficult to get hold of as the price accelerates upwards. Imagine the day when a post may only earn a few of steem but the actually monetary value remains still high. To me, that makes every "single" unit of steem a precious commodity and that time may not be as far off as we think.

It's a similar mindset to Bitcoin. I believe we are now in the "hoarding" phase of Steem's existence. In that, I mean gathering up as much as possible, expecting it's value to increase regularly at the same time. Remember, the whole "Steem-o-verse" is barely a year old. That's nothing when you look at the bigger picture. Establishment of creative and innovative ideas take time to mature (Facebook, Instagram, reddit, etc.) and gain public acceptance.

It's all relational in theory and our minds will adjust accordingly. A few months ago, a 25 cent steem was seen as a massive pump, whereas today it will be viewed as a "crash" price. So my point is, lets look at the evidence in front of us and understand the potential this thing has. Surely "holding" more than "spending" makes more financial sense as things stand right down.

Beautiful post, my brother! Look forward to loads more from you.

Steem on, @exyle! :)

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Thanks, man and an awesome reply by you! What you are saying is what I believe as well. Previous earned Steem was easy earned Steem. It will be much harder to get it in the future. What Steem has achieved in a year so far is amazing!