What I'm Buying and HODL'ing now: LM
We all play a part in the STEEM ecosystem, and investing into communities and their respective tokens is just one way to partake in all of the new development now underway.
For me, investing in undervalued miners is going to become "my thing." I like the idea of staking value with no intention of unstaking and reselling it. That's one way to take supply off the table - especially if that supply is fixed.
Buying and staking a miner token (for the long haul) is one such way to generate personal value while still increasing the value of the overall STEEM ecosystem.
How so, you may ask?
After all, it's not like the token miners use massive amounts of electricity (as if that provides any value whatsoever), nor do they provide value by securing the network. And wouldn't the selling of mined tokens decrease the value from the other hand?
All true, to an extent. But arguably miners do nothing to change the preset inflation rate. In reality, miner tokens have already created upfront value to the community through their initial sales, which when stewarded faithfully provides a perpetual value to the underlying token it produces.
Therefore, while it might appear and be perceived that a token-selling miner investor is destroying value, this simply isn't the case provided the received STEEM from said miner token sales continues to be put back into the community and used to create value.
In essence, as a miner owner, I get to play the paid role of being a token distributor. Likewise, by buying miner tokens I raise the value of one token (the miner token itself) which partially increases the overall perceived value of the entire STEEM ecosystem (especially the SE ecosystem).
As low as LIFESTYLE may go, for example, it will still always be backed by the initial STEEM-based capital received by the community founder derived from the sale of said miners (again, when stewarded faithfully).
So here are a few quick reasons I plan on buying more LM:
- The commitment to use raised STEEM faithfully. The founders are using their Steem Power to buyback and burn LIFESTYLE, thereby providing a perpetual sink. https://firstname.lastname@example.org/pod-lifestyle-buy-back-and-burn-and-overview-of-our-market
- The tight supply structure and inflation rate.
- The use of a tag "lifestyle" that everyone can relate to and easily create content to qualify.
- The use of a tag that can perpetually bring in new users (even if they accidentally use "lifestyle" without knowing it was for a tribe.)
- The low market cap which optimizes my perceived gain in influence bang-per-buck.
- Access to an interesting community that offers a personal view into the lives of those who live differently than me.
- Access to a demographic that may be in more need than me financially (because someone posting about what they did today is more likely to include those from developing regions of the world than someone spouting knowledge about STEM topics for example).
- The ability to more faithfully target and reward such a demographic based in developing regions of the world.
While this account will largely be used to generate a personal return, I will be dedicating some "mining" capacity in another account solely intended for curation. There, I will continue to mine and power up all my LIFESTYLE received.
By and large, and over the course of time, I plan on selling LIFESTYLE in order to buy more LM. Actually, just in general I plan on buying more LM regardless of where the funding comes from. Especially since I have been seeing people sell off their miners for some reason. No problem. I'll be there to keep buying them up.
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