I'm back from vacation and spent the day doing a bunch of yard work. Things need to be done when you are gone for a while. (Lots of mowing, trimming and weeding.)
I also played 18 baskets of disc golf with some people I met down at the local course. It was a lot of fun to talk and play. One guy commented that my throws look like poetry in motion. (Maybe I've been watching too many of the pro woman disc golfers or something, lol) In any case it does feel like my distance and accuracy is improving some on my drives. I still need to work on my putts a lot though.
Here's some pictures of a recent campsite in Montana:
This is a really nice place without a lot of crowds or noise.
There is a nice hiking trail that follows the creek that you can see here:
Today I also rode my ebike down to the more advanced course in town but it was being used by the Highland games. There was a person playing the bagpipes and some other tents setup but not much else happening at the time so I left and played at the smaller course.
So I'm back into Steem-Engine after vacation and notice a lot of new tokens in my wallet. I decided to stake my LEO tokens since I do like to blog about trading and crypto on occasion.
Hopefully this post will generate three different tokens as well as Steem and SBD. With all these tokens being paid out it would seem like there could be some inflationary pressure that drives the value downwards.
One the main reasons a lot of people think that Bitcoin keeps going up in value is because it is a deflationary coin. As the chain grows older less rewards are paid to the miners and early adopters get the benefit of higher value if they held BTC.
I think that with all the new tokens being created the system as a whole is not so deflationary. There is a ton of crypto coins out there and many have lost their value.
Yet each person wants to find places where they can invest to gain some type of early adopter advantage. So I think the question of being an inflationary verses a deflationary coin does not matter as much as being an early adopter or long term investor getting into a coin and holding it at the right time.
To me technology and some type of utility are things to consider in any of these types of investments.
Consider Dogecoin which has a really large block reward that will continue for the long haul. It still seems to be holding a reasonable price in spite of the inflationary pressure. If I had to buy a cup of coffee I would rather part with my Dogecoin than most of my other holdings. Having a really big supply seems to be working fine so far, but who knows...
As new tokens keep sprouting up some of them might not hold their value that much. It is very interesting to me to see how all this will work out.
Thanks for reading! I always value your support and comments. The pictures were taken by me with my Galaxy S9+. Text and graphics copyright lightsplasher & litesplasher.
