You are viewing a single comment's thread from:
RE: Proof.ink - Proven immutable data - File hashes stored on the Steem blockchain
I am also inspired by @roelandp's work, but I want to suggest that you realize there are always risks, not just with Steem but with any company, project or goal.
I personally think Steem as a blockchain and cryptocurrency will succeed and eventually thrive, but I think it is somewhat delusional to believe there is no way that Steemit Inc. or Steem as a platform and blockchain can fail @vladivostok.
I realized the risks. I think I made it clear that I am not deslusion by saying that I get upset with myself for taking a big risk. Did I not?
One of your sentences stated otherwise, but I wish you all the best with your Steem investments. If Steem stays low for the next 6 to 9 months, I will probably be buying more.
Disclaimer: This is not financial or professional advice of any kind. It's only a sample of my ideas.
This is the point. @roelandp is one of those people that give me hope. Steem is a community driven crypto and yea it’s very new ... I never intended my short term investment to end up being long term and the fact is that it is now long term and changes my over all perspective of my Initial investment especially after being around to meet and undersrand exactly what I intested my money into. Crypto is not for the faint of heart but the block chain has so many smart people working and it’s enouraging.
Ah okay @vladivostok Yeah, his work and the other developments on the Steem blockchain are encouraging.
Besides the selling of Steem by Steemit Inc., the future looks bright!
I heard this morning that steemit inc is stopping the huge power downs to the exchanges, so there are many encouraging things happening. Believe me ... I still have many reasons to worry as I continue to try and stay focused on the positive. This is one reason why I keep roelandp on my Gina bot for when he posts something new. Helps keep me focused because he always shares great things with the community
Next time, if Steem makes another move (up), try to diversify a bit more - It might give you a greater tolerance for risk, and you wouldn't be as worried as you are now.
I kind of sense that you may have too much of your wealth tied up in high risk investments like Steem.
Disclaimer: This is not financial or professional advice, it's just my personal ideas and philosophy in terms of investing.
I don’t have too much invested ... but I don’t like losing any amount of money. I will concentrate on fiat this year.i am good at this, I will let the developers see if they can make these prices come up ... they are the future
Biggest risk is not taking any risk ... -:)
That was my thought at the time. We shall see in the future if I was correct
That's a risk, but I don't think that's the greatest risk of all (it's a nice cliche though).
The greatest risk is probably taking a horribly miscalculated risk, and throwing all your weight, money and wealth behind that miscalculated risk, and losing everything, including your ability to pay rent, bills, medical costs and basic things like food.
That would be a much greater loss than inflation, and it's one of the reasons why diversification is important.
Take a risk after a deep study & analysis prepare yourself mentally do not take a blindly...
AND diversify 👍