Be fearful when others are greedy, and greedy when others are fearful.
-Warren Buffet
Right now the Bitcoin price is falling, Altcoin prices are falling, and many are giving in to gloom and despair. The imaginary Fear and Greed Index for Cryptocurrency is clearly pointing towards Fear.
However, I beg to differ. I have been on Steemit for 20 Moons as we say on Steemit, and I feel like right now, in the middle of this bear market, we have an astounding number of innovations, improvements and new opportunities.
Instead of doom and gloom, I feel like it’s a very exciting time on the Steem blockchain in terms of new applications, increasing market cap, niche applications building large user bases, rising Token market caps and generally improving economic health for the users of the successful applications and the successful Tribes.
I am not suggesting that there is no bad news, but I am suggesting that you give the good news equal time.
During times like this, I find my courage boosted by this quote from Warren Buffet, the billionaire value investor. He is said to have explained that in bear markets, innovative companies, with good products, and growing customer bases will often be undervalued. When asked how he could summon the courage to buy these so called good companies when their prices where at or near all time lows, he said;
...you don’t make large profits by buying good companies when they are popular and everybody knows about them. You make large profits by buying good companies when they are unpopular or unknown.
Hmmm🤔. If you went to steemfest or watch the live-streams you may feel this sounds like Steem blockchain.
Read, watch, educate yourself and instead of feeling Steem is nearly expired you may be inspired.
✍🏼This post written by Shortsegments.
“The hustle never sleeps”.