Part of my winning speculation team.
Until the ugly truth came out and I had to admit something to myself.
Steem would go passed 12 US Dollar
Now I joked about this for a while, things like using a crystal ball, reading tea leaves and so on. Just to make it clear that there is quite a risk in speculating on any financial market. For some reason though betting on the cryptocurrency market just worked out fine for me and my family. Mainly this was due to the opportunity offered to me by Steem. However it was the thrilling idea of blockchain blogging that got me in. Soon I came to understand that there was a lot of potential in this one. That almost wanted me to write: "The force is strong in this one..." And there you have it, I did it, could not help myself. Just like I did with things like: "Did I not tell you...?" All that is ment to be with a wink-wink-nudge-nudge. 'Cause if you can not have a laugh, what can ya?
It may sound like an easy thing, just use a fortune telling object on an almost guaranteed growth maket, and Bob's your uncle. Easy as pie, right? Well, no, I made mistakes, that I can mostly blame on myself for being impatient. As I already became aware that my 'hunches' were most effective on the longer term. Made that mistake with Stratis {STRAT} and Digibyte {DGB} for instance. Yet, with Bitcoin {BTC}, Litecoin {LTC} (it was not expected to go beyond 4 US Dollar either...), Gulden {NLG} and Verge {XVG}, I did manage to make a nice long term portfolio. Best of all to be added to that list is of course Steem. Simply because it beats every other crypto in my current portfolio. And it looks like the rest of the world is getting to understand how superior the blockchain technique of the Graphene/ Chainbase family really is! That goes too for Bitshares, Steem, Golos, Peerplays, Muse(revived?) and of course the one to rule them all: EOS!
Think washingmachine soap commercials
Annoying right? And any commercial that annoys you will refuse you to buy the product being advertised. Oh no it wont! It is all about association, our brain working like a very effective filter. So, even when I do the 3-2-1-DONE promotion for the Steem blockchain technology, it has triggered some responses that wanted to promote other 'famous' ones as being better. That one that is locked in on 'fuel' for instance, it just cannot handle the pressure. It is too slow, to fragile and the fuel thing will become more and more of a lock, I think. Still it gets promoted like it is the fastest smart contract blockchain choice for investments. Well, I'd rather invest in Tesla, than in a skateboard, it is the proof of technology that should help make the clever choice here. That is why I stay away from trading exchanges most of the time. It is often about a quick buck, and the next ICO is coming... Yeah right, yet another one selling bull shait promises.
Steem, and any other member of the Graphene/ Chainbase family, proves that it does what it claims. And yes, I am all for the hometeam, GO STEEM!, and with good reason. There are these slow blockchains, that claim to be cheap, yet forget to mention things like Steem, that dare to promote themselves as being a fast solution. Yes, being 'fast' compaired to Bitcoin, but that one is ment to hold huge amounts of cryptographicly secured value. And those that still promote it as crypto for 'the people', that has to have low transaction costs, maybe should have theirs stuck for a while. Because this way it will not gain in the value it should. And I am talking 40K in US Dollar per BTC, at least! But it seems in the realm of Bitcoin there are still a lot who do not have the right knowledge about that specific blockchain technology. And they do not seem toknow that there are already those blockchains who can handle it the way they seem to prefer...
Bitshares will only charge a small fee, still going blockwise at 1-2-3! That crypto that sounds like a washingmachine powder can not even get close. What that developement team wants to deliver already does excist! Golos has got it, Peerplays will have it and EOS will go way beyond that! Yes, and we at Steem have it! The 3-2-1-DONE, it is the Crypto Hero doing transactions for ZERO. Scaling beyond belief. And it looks like Steem is back at the top ten, but I almost was about to write: "There can be only one!" Oops, I did it again... And I will keep doing it, even if it gets annoying that Steem mantra of 3-2-1-DONE. Just think washingpower commercials and you might even want to join in spreading the word.
Oh yeah, about them three little piglets
Most of my investments in Bitmoney/ Cryptocurrencies I have done through things like so called 'gut feelings'. It is close to using a crystal ball and reading tea leaves, I guess. But the best predicitors were, of course, the three pigs, the bucket and the truffels. Yes, as in the past tense, because I stopped using them all together. Not only because the farmer kept raising the price to rent them three piglets. The final straw was what he told me when I refused to rent them the last time: "It was three different pigs every time you came here, you superstitious moron...!"
Yet, that casted shadow showed me the path to the positive sunny side of it all. In the end it had been me all the time! This is a joke right...? About the three pigglets, the bucket and the truffels, true, that was ment to be fun. There are no truffels in our soil overhere, so what would be the use of wasting money renting pigs to search for them? For me using that wink-wink-nudge-nudge "Getit getit?" approach was to make clear that it is about speculation. And if you make a choice, it will be yours to make. If I was of help with that, than I can be happy for you. But there is never a guarantee. Therefore always a warning to only put in what you are willing and able to lose. And that your speculation might be as bad or as good as mine.
In line with that, it is mostly about hunches for me, staying away from FUD { Fear, Uncertainty, and Doubt} (not the Scottish one) spread on several media. And actually understanding which blockchain technology is superior. That is the Graphene/ Chainbase based ones, like Bitshares, Peerplays, Golos and Steem. And that will even rock harder with EOS entering the field! Remember, these technologies are compatible, interchangable and will boost each others performance and market value!
Therefore I leave you with the Steem price hunch of this morning: beyond 12 US Dollar. So spot 4 in the Bitmoney/ Cryptocurrency market, make way 'cause we're on Steem...!
Have a good one!
Three piglets, a bucket and some truffels
artwork cc-by-sa @oaldamster
EDIT: Text adjustments, less ranting about and some text corrections.
EDIT 2: More text corrections