Although I am just a cat, I have been continuing to contemplate how to maximize my experience in this blockchain world, particularly with all these new tribes and tokens.
I started to explore this a little, earlier in the week... and now cautiously taking another step forward.
Watching the world from a lofty perch...
SteemLEO: About Investing?
Of course, unlike many people here, I'm not really here “for the money,” in the sense that I have never seen this as a "quick buck." What I mean to say, is that I'm not looking at my contributions here as a current income generator, but more like a long-term savings account.
So lately, I have been watching all these new tokens spring up through Steem-Engine.
I guess you could call them cryptocurrencies, but at the same time, they are all a subset of the Steem network. At least, they are part of the Steem blockchain, if I am interpreting everything correctly.
Meanwhile, we also have SMT's on the horizon. That, however, is beyond the scope of my current understanding, as well as beyond the scope of this post.
To get back to the point, I have been watching various new tokens show up in my wallet on Steem-Engine. One of these is LEO, which is also what inspired me to write this post — my first, using the #steemleo tag!
Wait... is that another airdrop I see? No, it was just a bird... too bad!
Investing in OURSELVES...
As I have been considering my airdrop of LEO tokens (along with various other tokens), I increasingly started wondering about this whole issue of investing in ourselves.
I strongly believe part of what has caused the lagging price of Steem (and other cryptos, for that matter) is that too many people are looking at all this as "free money," and an opportunity to purchase next week's pizza... which is really NOT "investing."
LEO is supposedly a sort of "investing" tribe. But let's consider some alternative interpretations of that word!
If I take the approach that each of these tokens we can get here are basically the equivalent of different currencies you can put into different savings accounts, then I can also start viewing my blogging experience and Steemlandia (as a whole) as more of a general or retirement savings plan, than as a "current income" opportunity.
Maybe I'm old fashioned, but "earning income" is generally not the same thing as "investing!" And consider the fact that in the greater investment world, the vast majority of bona-fide investments do not generate income; they generate appreciation in value over time.
Looking at things from a different angle?
Cashing Out: Is it Counterproductive?
The point I'm trying to make here, is that if we keep selling and cashing out every fraction of a token we make, it creates constant selling pressure on the markets... so how is the base price of these investments we have here ever going to increase, if there are always more SELLERS thaqn BUYERS???
It is here, I truly believe, that a lot of people misunderstand the whole meaning behind “investing.” Taking the money and running with it, isn’t investing! That's like calling your day job "investing."
Investing, at least as I understand it, is about finding and acquiring an asset and then holding it with the expectation that it will increase in value, in the long-term.
All this buying some cryptocurrency, and then hoping it will triple in value next week, that sounds more playing the lottery than anything! But hey, to each their own!
Anyway, keeping all this in mind, I have decided to fully stake my airdrops of PAL and CreativeCoin tokens, and now my airdrop of LEO coins, with the hopes that they might increase in value in the long-term. And creating appropriate content for each tag, and curating similar content by others also makes me feel like I am supporting the communities I am part of... after all, I am "CURATOR" Cat!
And that's a good thing, right? Well, at least I think so! Weren't "communities" and "proof-of-brain" part of the whole plan, here? Are YOU Investing in yourself? What is your time horizon?
And now, I will take off my "Investor Cat" hat, for today!
Thanks for reading and have a great weekend! Tomorrow is "Caturday!"