Opportunity Knocks
Steem has been dropping in value since I joined this place over 18 months ago. That always happens to me with most things that I touch so you can blame me for where we are today.. In the future this period though will be just a blip that won't reflect how bad it was in the charts in years to come as this is what happens in crypto being so new and volatile.
What I have been mulling over for a while though is what happens when the dust finally settles and the markets turn. Steem suddenly starts climbing as it has to at some point and $1 is not that far away as we were on 80 cents bitching about the price of Steem only 4 or 5 months ago. Yes currently we would have to rise by about 600 percent to reach that point which sounds crazy in itself.
The tokens in Steem Engine are all backed by Steem so when Steem rises in theory so does every token as well. I am not far off holding 2 Million Sports tokens now and if Steem hits $1 and the value of sports is 0.01 which it was around two weeks ago then in theory that would be $20 000 worth or 20 000 SP. That would most likely take me 3 -4 years to earn on Steem with no investment.The way I see it $1 isn't much for Steem either and there is no reason why it can't be worth more. Who knows what it will be worth in the future and I don't want to kick myself by selling certain tokens now. Then again the tokens could still drop some more, but that is the gamble I am prepared to take as there is a tomorrow and it isn't all about today.
This is one of the reasons I am trying to power up everything I can get today as others who haven't caught onto this will see the bigger picture eventually. I hope they do anyway as I want everyone to do well from this place. Users can do what they like with their tokens as it is a free world, but I just don't see the point in selling. We don't see the real value just yet, but at some point it will be noticeable especially when Steem holds a much stronger value and the ones that have staked will be in a strong position.
What has been noticeable is the distribution of the token has lowered the rewards somewhat and it will be harder to grow at the rate some of us have already. Like many things in life the more you hold the more opportunities you will have and this is no different.
I have received more votes and comments in the sportstalk tribe than I have had on Steem and this shows me that the tribes are working and there is a community here. We all know what it is like having a post on Steem and I used to receive 20 -25 votes on average and that has doubled and tripled now on sports. This place is a gold mine for those that see it as a long term adventure and it is fun at the same time. Who doesn't like reading and writing about sports.
Support your sports post (by SPORTS Token and MARLIANS Token)
From @hertz300
Nicely put, you got my vote. We'll meet again on ST!
There you can see the tribes in action. Not much of a sports fan myself but I do like the investment posts on steemleo
I powering up as much as I can right now. I have thought about sticking up on a few tokens also... Just in case.
Right now I believe steem is a better long term bet then Bitcoin, at least it is for me.
Personally I hope steem stays low for a while longer. Give us a chance to re adjust to hardfork changes and stock up on more steem.
Who doesnt like reading and writing about sports.... Me!! LOL!
Lol.
But the tribes may not grow when steem starts rising...just like when btc grows, alts keep on falling.
That is because SportsTalk is a focused group and Steem is not. Additionally you are one of the few on SportsTalk who post interesting content on a wide variety of subjects relating to sports.
Thanks @devann. I do cover all sorts of sports because I love all sport so thanks for that.
Hola @cryptoandcoffee. Comparto tu postura, creo que es un buen momento para seguir creciendo. Seguir publicando es ir anotando mas puntos en este gran deporte que es el Steem.
Estoy de acuerdo contigo al 100 por ciento.
Hmmmm. I might need to get involved.
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Very interesting. I am hoping we can see a turn around here soon. It has been far to long hanging out on the low side. That is awesome that you have found a niche in Sportstalk. I guess it only make sense since it used to be such a huge part of you life.
I agree with you. Been in steemit 3 mos after its inception and I’ve seen so many things.
We read somewhere a comment stating that during the last bull run, initially only Bitcoin rallied and most altcoins slacked behind. Only after Bitcoin price reached near its maximum, the altcoins started their bull run.
If the above statement is true, it appears that when Bitcoin starts its bull run, people would start selling the altcoins hoping to trade the Bitcoin rally. This would put selling pressure on the altcoins. And then when they perceive Bitcoin has reached its maximum price they would start selling Bitcoin to buy the altcoins, putting in motion the start of the altcoin rally.
If the above scenario repeats this time around we can expect Steem and Sports prices to continue falling till Bitcoin reaches at least $20,000 (the previous maximum) before picking up in price again.
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I upvoted your contribution because to my mind your post is at least 2 SBD worth and should receive 129 votes. It's now up to the lovely Steemit community to make this come true.
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TrufflePigThats the Resons i Saw Tons of People that are SHIPTING their worth of STEEM to the STEEM-ENGINE Tokens Like SportsTalk, ActnEarn, Marlians and other and one of the Farmost Reason is that Currently No Metarialism is Started Yet in all Others Platforms Like Presnt in STEEMIT Where Your work is Not Appreciated Until You Pay to the BOTS...
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I respect you but you only gave one word "sports" and you tag it in the sports tribe. It's a little weak. I may be tired of the sun😀 but I don't like it. Not in the tribe of sports.
The post is all about the sports token and why we should be staking and not selling. Go look at the exchange right now and look at sports. This was going to happen at some point and it is good in a way as it gets rid of all the people that just want to earn rewards and dump.
Yes I saw. But when token up people come back😀 And again again?
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