For me, I use Steemit as a "side crypto bank account" - I send daily mining / trading profits here and power up. I do see long term value here. I dont use banks any more and keep my entire wealth in gold/crypto. Steemit may end up being a very valuable tool down the road in many different ways.
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That's not a bad idea, but I would caution putting all of your investments into two sectors - one of them being cryptos.
However, I do believe that having a pegged instrument like SBDs makes it much easier and relatively "safer" (I use that term loosely) to hold cryptocurrencies. Not needing to cash out holdings in order to avoid or mitigate volatility is a huge plus and gives STEEM/SBD an advantage over pretty much all other cryptos.
Even if the social media aspect of this doesn't turn out well, I think the blockchain and SBDs offer a huge amount of potential and potential value.
I think that's probably a pretty successful strategy for psychologically distancing yourself for a long term hold.
I've become a bit more price sensitive lately powering down and accumulated more on top, I can see the benefit of viewing your holdings as savings.