My opion on my investments, steem, dapps, and tribes

Looking at the title, one may think it's going to be a long post. However, I will try to keep it crisp and meaningful.

Source: ig.com

Most readers of this post will be those actively using steemit. Thus, they are exposed to cryptocurrency. However, they may not be investors, and may actually be using steemit as an earning platform, getting a nation agnostic currency called steem and sbd. For those who are investors, may already be aware that the world is talking about doom and gloom, and the central banks world over are ready to inflate assets further.

My investment portfolio is heavily biased towards btc/crypto, approx 50%, of that nearly 80% is btc. The rest is 21% real estate, 17% Fixed Income and 10% equities. Again, I invest for the long term, and the fixed Income investment is for near term liquidity requirement and tax efficiency.

Source: ccn.com

Having seen btc at 6k and 3k for a long period of time, nothing will deter me. There are however, both headwinds and tailwinds that are making it quite difficult for me to make a call on BTC. In an earlier post, I had mentioned that bitcoin was receiving free publicity. Negative or positive, publicity always generates interest. And human behaviour is such that if you tell us not to do something, I believe you will push us further towards doing that thing. That's what negative publicity will do to btc. The tailwinds are straight forward - millennials and gen Z will use a tech enabled store of value as opposed to gold. Surveys, possibly biased depending on who is paying for them, have shown the preference of young for btc over gold. Second, btc is a new asset class with actual limited supply. Can't think of anything else that is limited in supply. It's uncorrelated to other financial assets. The implications on financial portfolios of btc addition will be profound. And btc may remain uncorrelated, primarily because of limited supply and the ability of self custody as opposed to investing via a broker. Third, removal of the need for third party custodians. Banks have fucked around for too long and have become too powerful for adding 0 value to the world.

The headwinds, more near term, is something like transaction ban as in India. It will just slow down adoption and may force liquidation leading some early adopters to leave. Again, I don't worry too much about charts, and price action when it comes to my btc thesis. And the balance seems heavily tilted towards owning btc. I am around 35, have a stable income, so can take the risk. If 50% of my wealth goes to 0, I have it hedged because I work for a bank. :) If it doesn't, btc could be 10x to 100x in the next 25 years by the time I retire.

I am not worried about the rest of the portfolio because I the case of population urbanization, growing wealth, more consumption are still applicable for India and I am investing in those stocks.

Source: github, steemit inc.

When I came to steemit for blogging and writing about such stuff, there was no steemleo. Now I can do it with much more interest as a few like minded people will read and comment and appreciate this stuff.

However, point is I had my doubts over token economies. I still haven't researched the stuff enough but unlimited supply banks on the hope that demand stays higher than supply. I should may be interact with someone on steem economy but I can see it working for now. With a cost to entering the ecosystem now, and under the assumption that money incentive can lure more people, I think steem will benefit at some point in the future. And tribes have been a great add-on. I have been here for more than a year. Had it not been for steemhunt, I would have not seen the growth I have seen. However, steemhunt can't be what drives value for a platform that is more about content. That's where dedicated communities are better. I am more encouraged to write because I have greater chance for an audience.

The other thing i am positive about it reduced inflation in the future. If reward pool shrinks, more sp is needed for have a meaningful upvote. If more is staked, price should move up. Given a sizable community, and low inflation, demand supply should balance in the future. Again, don't care about short term. It's still such a new experiment, no one can call the short term. Ethereum was once at $1500 and no one knows when it will scale.

Next very briefly, I want to talk about tribes. Great concept, I want to part of as many as I can depending on my interests. I think steemleo, creativecoin and sportstalk are great communities. I haven't looked at the economics to learn more.

Of the dapps, i use, i think the best is steemhunt, followed by tasteem, actifit and dlike. I have a lot of belief on actifit but a lot more needs to be done to drive token utility. Things have just started on that front. Steemhunt I think, if can successfully implement reviewhunt and ideahunt, will drive tremendous value and awareness to steem ecosystem. Now, only if Stinc can get the SMT out.

That's it from me. I think I am generally quite positive about this space. However, more than being worried about near to medium term, I am excited to see how things will evolve and how my thesis will do, and my fingers will ache for remaining crossed for a decent future.

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