Why Not?

This week continues to be an incredibly challenging time for me to engage and create content so while thinking about today’s post, I decided simply to write why I decided to buy some more Steem today. Although I am an adamant believer in Dollar Cost Averaging investments that we believe will deliver value over the long term, I have been considering stopping it for Steem given my efforts to diversify into other cryptocurrencies. I have bought plenty of Steem every month since February 2018; at least one time a month. While I try to look for good opportunities in price to acquire it, I remained true in purchasing the same amount in fiat during the first two weeks of every month.

The busy month of July I have been having at the office as well as the catching up in my personal life with family and at home after my vacation last month has delayed my ability to make the purchase this month. However, as we have been seeing a small correction in cryptocurrencies and Steem itself, I fell asleep last night thinking that this morning would be would be a great opportunity to get my monthly purchase in. I had originally thought of delaying the purchased in July given the upward movement we had been seen in price, in addition to the fact that the allocated capital I had set aside for Steem was virtually none as I had been using it for purchases of other cryptocurrencies in the past two months. However, I decided to go ahead with the purchase for many reasons.

First, Steem continues to be the activity that I most enjoy during my day. Despite not having the ability to engage as much of it as I had in the past, I continue to feel inspired and encouraged by engagement and development I see when I do participate with the community. This leads to probably the biggest catalyst for me making the purchase which is the amount of developing been made for individual communities over the last month. We have seen how PALNet and SteemLEO make quite an impact around the ecosystem which has been impressive. I know there are a handful more but I have not yet been involved in them given my limited availability. However, it demonstrates the potential of what the protocol is capable of; which makes me feel that the community will eventually find a way to create the value through development and engagement.

In addition, I have continued to see how the Splinterlands and Steem Monsters community continue to grow in both engagement and value. My Collection has continued to grow in value as I add cards just by engaging everyday. Not only do I play for the cards to build by teams for competing as I also enjoy playing the game every day as it allows me to engage with users from across the Steem ecosystem! It is not everyday that we can engage with Orcas and other influencers of the protocol as commonly as we can on Splinterlands! Whether it be the tournaments or just grinding the ranked play, the game has given users a totally new dynamic that I have not seen anywhere else.

Having said that about Steem Monsters, it could potentially be an opportunity to buy some more cards on the market as demand continues to rise and the supply of cards drops which has caused increases in prices. Even Beta Booster packs are starting to run low on supply and some estimate that they will be sold out in only 2-3 months which could drive prices even higher! I have my eye on some Legendary Summoners which I still need to level up so this may be the opportunity given my fresh supply of Steem! However, my attachment to the Steem I am able to acquire is strong and I hesitate to let go of them although everyday it gets more enticing with all the opportunities that exist.

Given all the development around the protocol, the wait for SMTs has created large interest in a bridge to them with the Steem Engine platform! Many of these projects that have brought excitement and engagement once again to the community, are now deploying their tokenized currencies on the side platform. I was honestly hesitant to the idea but the volumes I see on a daily basis and the value being created by the existence of the technology has me very positive on our future. In the end, Steem is the underlying fuel of the ecosystem and the potential has limitless boundaries as we are quickly learning. Therefore, I am happy to have bought this dip!

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_{^{DISCLAIMER: The information discussed here is intended to enable the community to know my opinions and discuss them. It is not intended as and does not constitute investment advice or legal or tax advice or an offer to sell any asset to any person or a solicitation of any person of any offer to purchase any asset. The information here should not be construed as any endorsement, recommendation or sponsorship of any company or asset by me. There are inherent risks in relying on, using or retrieving any information found here, and I urge you to make sure you understand these risks before relying on, using or retrieving any information here. You should evaluate the information made available here, and you should seek the advice of professionals, as appropriate, to evaluate any opinion, advice, product, service or other information; I do not guarantee the suitability or potential value of any particular investment or information source. I may invest or otherwise hold an interest in these assets that may be discussed here.}}

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