I was just reading a post by @edicted about some price ludicrous predictions for Bitcoin prices and completely agree, not with the amounts and the timing, just that it is going to happen eventually. It either does that, or - it is dead.
The light at the end of the tunnel?
I believe that much more important than most of the big "turning points" that people cite in their biographies are the little things, the small decisions and events that are subtle and even perhaps imperceptible to our attention that make the difference in life.
A thousand smiles across a room, why did that one become so important?
The little things.
I think that when it comes to investing it is much the same and while most people (including myself earlier) dismissed investing small amounts because it seemed too insignificant to matter, the small financial decisions add up for better or worse. A savings plan of a few tens a month while young can create the potential for several thousand to use for when a suitable opportunity comes knocking and I think that crypto likely has the greatest potential for bang for the buck, and making small amounts matter.
For a while now, I have been putting small amounts into crypto each month whilst at the same time I pay into a compulsory superannuation fund as I am an entrepreneur and, the company I work for is obligated to put in a percentage for super also. I am still not game to get into traditional stocks but I am considering perhaps after the next crash getting into an indexed fund - the level will depend on how accurate @edicted's numbers are.
I don't have much Bitcoin however, I do think that collecting a little more will be worth it, even if November, the winter or the next 5 years are flat or even decline. I do think that eventually, that run is going to come and once in, the institutional investors aren't going to want to ever get out completely again.
Most of the value in this world that goes into direct investing is from a very small number of people, however the institutions don't play with their own money, they play with ours. That compulsory super I have to have to protect me means I can't do something else with it, while someone else is. Same with the company super payments that go into a managed fund that looks to return single digits - if that.
Yesterday I was talking a bit about price at various points and I was thinking about what a powerdown cycle might mean to me if for example Steem hits high enough that in one powerdown cycle, I could pay off my mortgage, two and I have the deposit on a house and still keep my apartment as a rental property. It doesn't have to be ludicrously high for this, but higher than it was.
What will it be like to not only live debt free, but have multiple revenue streams coming in from various types of work and still paying into a super account for retirement? I have no desire to stop working as I see work as an important component of life and most of those who think it is smart to work less, will eventually find that they are without work at all and due to the narrowing of streams, not much opportunity to increase again.
Work smarter means to be able to expand the range and depth of work to create more space to expand again. Combine that with a retraction of an economic footprint by reducing debt and superfluity, and the difference between the in and out may start off insignificant, but can compound very fast.
Small amounts add up to large, small steps led to long journeys.
While I have no intention of stopping my small investments now, I believe that even if I did, I have enough that with any significant moves in crypto I will be at least okay. And since I still have skills and demand for them, even if crypto fails to achieve its potential, I can quite easily live a life far from destitution. This means that I have capacity, and while it might not be a great deal in comparison to some, I can afford to be risk aware and seeking by putting small amounts in each month, or whenever I have an invoice paid.
The amounts of what are required is obviously relative to where one might live and what one desires in life, but I am relatively simple in my needs and do not need the glitz and glamour, nor the fame and fortune that others seek. I am not looking for status or identity through what I own, nor do I define myself by the attention others might give me as that leads to attention and validation seeking behavior, and that is a slippery slope because it leads to an "at any cost" attitude.
I wonder if when Steem is ten dollars, what I will write about. I also wonder what kinds of creators will be writing alongside me, what kinds of applications will populate the ecosystem and, what kinds of lives the people who invested in will choose for themselves. Will @edicted be correct?
Fingers crossed.
But, not for long, as there is plenty of work to do and those who cross their fingers - can't do much with their hands.
Taraz
[ a Steem original ]
Steem at $10 would likely have been caused by a very successful rollout of SMT’s with several Household Names invested in their development. I’m sure you’d have lots to write about.
Yep, or a pump and dump. :)
I will always have lots of things to write about I think as this is Steem and it can evolve in many different ways simultaneously. It is pretty cool.
What a beautiful post. It brings me great joy to read your work, Taraz. It has before and I don’t see that changing soon. What I do see is on the horizon. It excites me, like nothing else has before, and so I chase it. Perhaps, I could consider an alternative, but then again, know can tell what the future holds. It’s strange, I sense the flow of the game. You can too. I’m still learning from you.
I think the horizon is looking pretty good, even if volatile short-term. There are a lot of things happening in the BC and crypto space at many levels and that is going to bring opportunities for all kinds of individuals to do something a little different, try something new. Let's see :)
The light in a hoe
Posted using Partiko Android
Not sure what you mean here.