As someone who has traveling, and investing for years I try to notice trends. I noticed Bitcoin as it was running up to new highs, and I noticed Bitcoin as it crashed. Now when something crashes I start to look into fundamentals, and see if there are opportunities. Bitcoin was a new concept but I felt it presented an opportunity to own a unique asset class with high upside possibilities. Now the price is back above $600 USD, and ETH is now above $13 USD. I have invested in other crypto currencies but they just didn't feel right; although I do own CLUB coin and feel it also has some strong future possibilities.
Now as the co-founder of ExploreTraveler Inc I have been very involved in social media, and traditional media. I see modern media as a force multiplier, and with much more possibility to help small business if they take the time understand some of online people psychology. So I don't separate social media, and crypto currency but already combine them for they seem to complement each other.
Now here comes along Steemit, and they have combined both worlds, and have come closer than any other in regards to what I see as the future of social media. There is still much more work to go but they have a online product, and people connected at Steemit Inc behind STEEM. The crypto community is also behind them with programmers, and enthusiasts.
Now a while back I started researching STEEM and had followed it's fast rise in price, and then noticed it's fall in price stability. This was the trigger moment I look for, and started accumulating STEEM and then backing our online Steemit assets at @exploretraveler with small amounts. Now with the price starting to stabilize, and hover around .59 I still consider this the window of buying opportunity. So profits from ETH and Bitcoin will continue to be converted into STEEM. I have been know to make small $500 - $3000 USD investments to $25,000 or higher into crypto business structure. So if the long term potential continues to show promise I will turn our company account into a whale account, and have our team to focus more on content here.
I write this now to let my international colleagues know where my current mindset is, and for them to also consider picking up STEEM while the cost/risk is much lower. Opportunities are not always noticed until after the mainstream has come on board. So @vetvso and @exploretraveler will continue to buy and then hold for a longer term over the next few years. I sam sure this will effect our company account @exploretraveler , and lead to us having more activity since we are already very active on social media around the world. We will also start talking about some of our ideas, and how we can further integrate our blog with new crypto currencies, and ideas that help our readers travel the world.
Thank you @hilarski and @mqtodd for keeping this on my radar. :-)
#steemit #steem #exploretraveler
Happy Travels!
Great job in the past month!
Included in Steemprentice Spotlight Top Reputation Gainers Edition for part of the prize pool generated by the post.
Thank you very much for the encouragement 😀
Agreed! Although my profits and investments arent in the thousand, a steady stream of investment over time I feel will prove to be prudent.
Yes it's only a matter of scale. All businesses are groups of teams both external and internal. If people from multiple areas of life see the potential then everyone will benefit by having a new competitive product to use, and possibly our time or money will also grow as well. Your time does have value as labor, and as small groups or teams this experiment may very well be very successful. So you and @vetvso really invest the same thing just in different ways. :-)
I agree with you 100%. There is always risk involved, but risk comes in all shapes and sizes. Some risks are better than others. This risk hardly feels risky. It just seems logical to invest a little bit here. Taking what we've learned from other risks, it's easy to see which direction this all might go. Thank you for writing this great article.
Your welcome, and sometimes risk is measurable but other times you have to go with your gut. I'm not saying go all in but slowing moving over a few thousand as time goes on can be warranted. Owning STEEM at these levels seems reasonable, and I can always move it to steemit and have the rest ready to sell for a loss or profit. With out taking any risk I loose on inflation and most of the time so I need to have 25% is higher risk assets at any given time.
I'm attempting a different route. Time being the only risk. I started my daily blog nearly one week ago. I'm seeing the pennies trickle in. Doesn't seem like much. You said "go with your gut". My gut tells me these pennies will be worth more down the road. As my words pick up in popularity, things should fall into place. Unfortunately, I don't have the money to invest right now. I cannot be an investor...but as a writer, I still have the same chance as the investor. This could be the first time in history where artists and investors are on the same playing field.
I think you are correct and this is one of those time where art and investment converge. We are also very much into art so I'm sure that has effected how I feel about this. Our team will also contribute our photography art for others to enjoy, and to learn from. Thank you for your comment and support. :-)
Every one can help make this go very well, and it's great to see all kinds of people come in and contribute in their own way.
Pretty interesting thread, I fully understand what you're talking about. The future is in blockchain. Crypto prices might be inflated now but the market will find it's way just like it did with the Internet boom. We really need more insights in the market and previous investment results. Besides coinmarketcap.com there is: https://www.coincheckup.com I'm really happy with this site that gives complete coin analysis for every single crypto.