I've thought the same thing! At the same time, I do understand that some people are in a situation where they actually need that money right now and can't afford to hold it for a year or more.
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I've thought the same thing! At the same time, I do understand that some people are in a situation where they actually need that money right now and can't afford to hold it for a year or more.
True. But I read people buying phones, laptops, etc. When steem was 7 cents I didn't even change oil and slick tires on my car. I was buying at that time. The car can wait.
You're a person with vision. People spending their Steem on consumer items at this early stage in the game are the kind of people who live paycheque to paycheque their entire lives. By the way, I noticed you're a fellow Canadian! I'm following you now. Clearly you're here for the long term, like me. Cheers!
Is true we don't know everyone's financial situation. I my self have invested just a little on steemit because I like the concept and the idea of this community. I am not in the best financial state right now but if the price of Steem was to skyrocket by tomorrow I would surely power down a bit to help myself a bit. But that's not a realistic scenario, and I always thought about holding long since the moment I bought my first Steem. So let's keep going! Upvoted and followed!