Although quiet, the crypto space is alive and doing better than ever. Now that all of the hype has been sucked out and we are no where close to a lambo on the moon, the developers are able to work in peace and I think this next bull market is going to not only be long, but sustainable.
There is no question that this is the time to be accumulating stakes in your favorite projects, but which ones should you focus on. I'm a firm believer of not diversifying when you only have a little money to work with, which made that decision for me very hard.
I focused on the principle of liabilities and assets, which is basically what is going to lose me money and what will allow my money to work for itself.
There are many projects that will still be thriving during the next five years, but have already seen their big intuitional support like Bitcoin and Ethereum. If I'm working with a little bit of money and don't want to be bored out of my mind during this bear market, I'm probably avoiding these safer options at all costs.
As I mentioned before, investing in assets that will passively grow my portfolio is very important to me, but there also has to be a good roadmap and a strong community for me to pull the trigger.
Now many of us will disagree about the current state of Steem's community, but very few will fail to realize the opportunities to grow you're portfolio actively and passively by participating in this little social experiment.
I truly believe that at this point, owning as much Steem as possible is essential to not only accumulate during the bear market, but also to keep a good store of value because I believe there is too much community support for the price to fall much more.
That last point is purely my opinion, but I've see this cycle too many times and have a good grasp at where investors believe the expected value of Steem will be at least during the next bull run!
So stop thinking and start acting by finally pulling that trigger and buying a boat load of Steem and powering up!
Until next time, this has been a message from your friendly neighborhood #spiderblogger!