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RE: Oompa Loompa Now: The coming Apocalypse
Let me dash for a bucket of sand ~ again, you are on fire!
Instant gratification is usually non sustainable ~ far better to take the long view, work hard and master new skills whatever your age.
Invest time and money if possible ~ just today I spent my last available disposable cash on SBD and powered up in the belief that this will reap longterm rewards when coupled with my strong work ethic. (Blimey, thanks to you, I even have a voting slider for a bit! ~ Be still my beating heart, haaah.)
xox
It is good to realize that while investing in Steem takes future orientation it's basically a gamble. If you had invested, say, in the shares of an American funeral home chain you could expect much slower but much steadier gains. Anyone who only powers up on Steem is not exactly at the extreme deferred gratification end of the spectrum.
Having an awfully nice but dim moment here!
Please explain further:
... Anyone who only powers up on Steem is not exactly at the extreme deferred gratification end of the spectrum...
And ~ life is a gamble and, to my mind, it is this that holds my interest! :)
Cheers.
xox
By investing in Steem, an investor takes a big risk in exchange for big and relatively quick potential gains. By investing in something utterly boring, steady, predictable and unsexy on the stockmarket an investor can have the same gains with less risk but over a much longer time, that is, demonstrating a stronger tendency toward delayed gratification than the Steem investor.
At this time, the valuation of STEEM the cryptocurrency is based on future expectations alone. There is no external revenue stream of any kind. Nobody is buying STEEM to gain a financial benefit from the attention of crowds using the services built on top of the Steem blockchain at the moment. This is like investing in an early stage technology startup. It is a very risky thing to do especially if one does not practically have any control over how the business is run (no minnow has and only a handful of the biggest whales who work for Steemit Inc. have).
I keep powering up with most of what I earn here but with full awareness of the risk. If I weren't blogging here, I'd be blogging somewhere else with no actual or potential financial benefit to myself whatsoever, so the loss isn't that big in any case.
Thanks ~ that's kinda what I thought you meant but I wasn't quite sure :)
Most appreciated.
xox
As the saying goes: She who asks a question is a fool for five minutes; she who does not ask a question remains a fool forever.