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RE: As Steem continues to develop and grow the penny will soon drop that Steem is 1% a Blogging Tool and 99% an Investment Tool.
There are different kinds of "investing," and I really do hope people will actually start seeing the crypto space as a place to actually invest, because most of what I've seen labeled as investing seems to be more like gambling or playing the lottery.
For me, "investing" means you buy and asset and hold it with the intent that it appreciates in value because it is useful and a market leader in some way. People playing the eternal pump-and-dump game are not "investing," as far as I am concerned... that's just idiots playing roulette in hopes of scoring a lambo.
Sorry if that's a bit harsh, but that's a sore point for me...
Absolutely, I could not agree more.
Sadly though, what we are seeing in the Crypto World are those looking for a fast buck.
Crypto Derivatives are one of the fastest growing Industries attracting a lot of people new to the Industry thinking that they will become rich overnight.
Sadly, most will loose everything.
As a ranked old timer, I am one of those boring ones that will simply keep stacking my Sats and Hodl for years.
All this flipping and dipping is just too much for me.
#Steem is a great Long Term Investment, as the trend is going up.
What happens on a hour-hour, day-day, week-week, month-month is purely noise for me.
I intend to review my position in 2025.
Stephen
In some of our earlier exchanges around 2017-18 I also stated that I was intending to "give Steemit five years."
And I say "Steemit" deliberately, because that's what we called it.
I am
a bitincreasingly concerned that the whole thing is slowly going down in flames because the current very publicly visible feud will result in the greater world not wanting to touch this project with a 10-foot pole.