Posts

This stupid guy just wasted loads of money buying steem!!!

avatar of @solarwarrior
25
@solarwarrior
·
0 views
·
3 min read

This guy has to be totally insane! He just bought tons of steem in this crazy crash market... Who am I talking about?
Its me, its @solarwarrior..

So am I insane? There is a good chance I am: very very volatile crypto markets steem price melting like ice in the summer still not too much support by steemit - just the opposite: everlasting selling pressure steem dropping in the marketcap rankings towards the second page - ouch still unclear outcome of HF21 already in heavy losses with the last steem tranche I just bought

On the other hand: I believe in buying assets if no one else wants them I believe there is a intrinsic value in the steem community that is far above steem's current marketcap I believe the graphene based steem BC (and EOS BC) is superior to most if not all other BCs I believe in projects like @steemengine @steemmonsters @nextcolony @palnet @steemleo and yes, also @drugwars I see that nobody that has any professional BC exposure even knows about steem and with whom I ever talk about crypto projects is in complete disbelieve when told about transaction cost and time, the community and the different tools already available. - If this changes, that could be huge for steem! I believe there are different groups of steemians working hard to bring companies (small and large) to the steem blockchain to use steem as a economic transaction platform what subsequently will lead to user growth and therefor a increasing steem price in tandem with existing and new games And I know that steemit's wallet contains a finit number of steem.. hence steemit's selling pressure will have less and less impact on the steem price each passing day

And if I am wrong? Jup.. that's the risk of any speculation.. however if steem crashes seriously deeper I will buy another lot...

Why buying at all?
If the upvotes I get are any indicator for the quality of my posts I am a pretty lousy blogger. Just looking at the numbers it makes a lot more sense for me (and also for the steem community) to concentrate myself to my professional work where I can earn decent money:
So for me its prudent to simply work many additional hours over several weeks and take the surplus money to buy cheap steem tokens instead of spending the same time on steem creating content

I am fully aware of the risks I am taking here and there is a good chance that all my money will be lost.. hence

This is by no means any investment advise what so ever! NEVER bet the ranch! NEVER speculate on credit!

I am just explaining here what the reasoning for my economic action is...

And @steemit inc., one word to you ladies and gentlemen: You really should think about what you are doing with your tokens! I get you need the money and I also do not want you to hold onto them much longer as you will sell them down anyway.. sooner or later...
But you HAVE TO give back to the steem community NOW! Right now it is obvious that people like me are taking their hard earned cash throwing it into your big throats with very little impact (if at all) On the other hand there is no incentive for anyone here to support your advertisement activities.. this should change! so lets create a win/win situation:
If you get X amount in USD of add revenue, you take 50%, 40% or 30% of that USD amount's equivalent of steem tokens and put them back to us, your loyal customers! You can do this either by a proportional airdrop dependent on SP or you beef up the rewardpool over one/two weeks - or both.
You should be transparent in your calculations and do this whenever advertisement money enters your accounts.. which should be every single day! (earlier I asked to burn those tokens but with steem's current ridiculous marketcap this doesn't make any sense)

If you want more advise on that - contact me - I will help you for free as you are definitely in desperate need of sound economic advise.