This has been counter-intuitive for me as I thought that the drama that has occurred around the ecosystem was more of the destructive nature in the short term. While I still think that it is clearly a risk given how liquidity is king in financial markets, I have also come to think something that led me down the rabbit hole with Steem (and now HIVE) since the beginning; there is more than enough room for more than one social Blockchain to survive and potential thrive.
To be clear, this is not me choosing a side, but instead, demonstrate how the events transpired have actually created value for the community which at the end of the day is the main valuation provider in my opinion. Code is forever as long as it is supported so there will probably be paths for both camps in the future which I am inclined to continue to support although most likely in different ways. The social aspect is clearly taking hold on HIVE while the most active Dapp, Splinterlands continues to forge forward on STEEM.
We have seen a pump in prices over the last week which has led me to go back to my records once again. To my surprise, my Dollar Cost Averaging Strategy has paid off on paper as my average cost has remained around $0.54 after my last purchase last year. However, thanks to the Fork and ensuing price changes, the combined value of the assets (without even considering my Splinterlands card Collection) now exceeds the average.
While liquidity continues to build around the multiple markets being made, it is likely that the value is not truly realizable. However, it demonstrates that it is generally moving in the right direction. Volatility will likely continue to persist but the consolidation and moves among the chains have left me motivated once again in this experiment. While I have continued to be challenged on how to allocate my resource of time to this all, it surely remains at something I consider and think about constantly as an opportunity for the future; particularly as I want to focus on creating streams of income for the long term.
While the future remains uncertain, the evolution of the ecosystem makes me consider once again the viability of adding capital to my positions. I know some have done very well by being more active and strategic about this but I am not as smart to be nimble and time it at all. However, long term value creation is still possible and could accrue to the community if done appropriately. Never a dull moment when it comes to Blockchains and Cryptocurrencies!
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