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RE: SOLD ALL MY ALTCOINS FOR STEEM POWER

in #dtube7 years ago (edited)

You’re right. There is no point in stressing over other “crappy” coins. If they go up they go up. But having steem is amazing because like you say, you can use it easily. And it earns you money everyday whether the price goes up or down. I am in some of the coins you sold to try to make a quick profit, but I’m just getting started. Im banking on speculation to raise some the prices so i can get more btc. I’m done adding fiat money, I’m just working with what i got right now. Trying to grow it. Congrats on retiring from not working lol. That’s great that you have so much money and didnt need to work and now you can just relax. Congrats man. That’s the goal for everyone right there

You’re so right though. People hold these coins and dont use the platforms that were created with the coins. They just hold the coin waiting or it to go up. Steem is one exception to that and there are a couple others. But most of the Blockchais created dont get used or are useless. The coin is what people focus on and not the technology. And that’s backwards. I myself am in coins that i dont use the Blockchain for. Ill admit it. But i like that you are talking about this. Because you have a large voice and audience. People will hear you and listen. Coins go up simply because people want them to. Not for what technology they have. Good work man. Let’s show people the point of crypto again

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so true haha

I definitely agree with you. My husband and I invest into altcoins for long-term that have actual utilization. Majority are still up and coming with development, but it'll soon enough have utility. When there's an altcoin that catches our attention, you research more into it, read their white to see if they have an actual product and speculate the future use of them.
"The coin is what people focus on and not the technology. And that's backwards." SO TRUE! People are getting into crypto simply due to trend lines. They get excited when they see upward growth, but get scared when the price decreases and end up selling. They need to trust the actual product and hang in there.

But they're good for day tradin'

Couldn't agree more and it's interesting how a lot of influencers in the cryptosphere talk about how this is going to make or break the crypto startups behind all these new crypto business models. This is what will allow them survive if there's ever going to be a bursting evaluation bubble. The size and strength of the community, plus the actual usage of the coin/token. Great comment @ginquitti!