Good morning Steemit!
It's a gorgeous summer morning here in Australia and before I head out to enjoy my youth for the day, I thought I'd break the drought and post another portfolio update. Part six which you can find here is already a month old. That's a long time in the modern investment space! So here we go...Bitcoin
Just yesterday I watched a short but incredibly reassuring and useful video by
targeting the unrealistic expectations of the modern bitcoin investor / speculator. The video is below but why not support him by going to his post here and throwing him an upvote?
It turns out that just overnight,
It is, after all, the real world we are living in...
Spreading the word
You'll note those annotated fiat bills in the post image above. Some cheeky monkey (and civil hero I might add) has used them as a platform to promote crypto currencies. Well, as a part of spreading the word regarding the power of bitcoin and its brethren, I've been spending these bills into circulation.It's a thankless task and one that produces results that are impossible to measure, but it certainly can't hurt. Have you considered something similar? The Christmas period will be a time, one would imagine, of higher money (currency actually) velocity so the visibility factor would be higher than usual. Why not give it a try?
SBBank
For those who are unaware of it, SBBank is an exciting initiative that I'm a part of. In fact, I'm so excited about its future in terms of delivering investment returns that I've been sinking most of my time into it. That's why I've been a little absent on Steemit over the last weeks.You see, there's always a reason. I'm not always off watching Bond films, exciting things are under way...
The bank's latest post was a week ago here. In it is a discussion on how to benefit from the spike in the SBD. Why not check it out? Acquaint yourselves with the concept and, importantly, the people behind it (including me) so when next year rolls around you'll be prepared for all the exciting news that is set to be released!
EOS
I've been buying EOS since, from memory, around the $1.20 mark but really don't have anything life changing in it. This goes with the FO-FOMO concept I wrote about yesterday. So after some great analysis from the super-human
, I pulled the trigger on another purchase yesterday.
My gut vibe is that it could be some time before we see anything explosive - and this is just a feeling. That said, community development on the platform will be ramping up and next year will see some exciting times for EOS so perhaps it's nothing like the wait that the precious metal community #steemsilvergold has had to endure.
Metal
My last two silver hauls were big ones and I confess I've not added to my stack in what feels like a little while. I'd been ramping up my buying in the preceding months however so it all averages out in the long run. What has been playing on my mind is storage costs.I vault metal globally and every month I'm invoiced for that storage and in the process incur a foreign conversion and (naturally) a fee from the banks for the inconvenience. I've had this setup for a while and am starting to wonder whether it is worth it. More to follow on that one I think. It's an evolving thought.