I just read a post by @mindtrap about his experience with Steem Tribes and his opinion of those who sell their Tokens as soon as they get them. I have my own experience with Tribes in Steemit and this is my viewpoint on the topic.
I think I understand the motivation to earn a lot of Tokens on Steem Engine tribes and convert them to Steem, after all Steemit and Steem are why we are all here originally. But it’s time to step back and look at the bigger picture here and consider how the success of the tribes will contribute to the price of Steem for one, which means selling all your Tokens for low prices and contributing to downward selling pressure just guarantees lower prices for your Tokens and possibly for Steem. But secondly some of these tribes have the potential to offer you a chance to be a major influencer on the tribe and they may turn out to be more lucrative for some late comers then Steem. And this short sighted dumping of Tokens to buy Steem may be very regrettable later on.
I also hope that people will start realizing that the amount they are getting for their Tokens now even if it’s 30 or 40 Steem is just five or six dollars at today’s prices and they would be better off hanging on to the Tokens to see if they appreciate and just buy 5 dollars worth of Steem.
While, it’s true that some of these Token projects will fail and never be heard of again. So you could miss out on that small amount of Steem. But the ones which are successful will never be this cheap again and the opportunity to 10x or 100x or even 1000x your investment may not come again for these Tokens. I think for many this is an investment and the investors here have been very patient with Steem. So we should be patient with the Tribes. Most of the tribes I am currently involved in have developers and curators working hard to build up the following of the tribe, create value and protect the feeds from abuse. If we want these good things on Steem we must support them. That’s why their called communities.
These are our communities. Use your influence to upvote good content and reward the behavior you want to see. You can only do that with stake. Please take the time to imagine what these Tokens could become and if you can afford to do so, please stop dumping and start accumulating.
✍️ written by Shortsegments
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I agree. This reminds me of 2014 when the Blockchain Education Network was airdropping Bitcoin on college campuses. $5 of BTC here, $5 of BTC there.
Everyone who sold their airdropped BTC immediately are still kicking themselves today.
I think this is a perfect example of a good reason to hold an appreciating asset. Thank you
I couldn't agree more. One more thing, I would like to add in the benefits of holding and staking the SE tokens is, the curation rewards are 50% for most of the tribe, so it would be a continuous investment of a sort, somewhat like a sleeping partner.
Wish you a lovely day.
Thank you for your comment. This is a great example of a financial opportunity on a Steem Tribe which I don’t believe is available on Steemit. The Tribes represent so much potential and done many real opportunities like this one.
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I hope to see some positive changes coming tomorrow on steem in this regard.
Me too. I hear we will have an additional HardFork follow this one very soon.
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I agree. I am accumulating more tokens now, eventhough not very much😁 Like @exyle said in his video it is important to build foundation on steem and on tribes also. We can not do it by dumping all the token we get but stake them instead. Maybe there is somebody else who can explain it better than me 😊
I think you explain it well. You cannot build a foundation if you sell all your bricks. The example you give of @exyle is also a good one because he is very open about his journey here on Steemit and how he began with a good stake but he has increased it a lot by taking advantage of the opportunities here.
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🏦 🏦 🏦
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Merci pour votre soutien et fournir un service important.
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