Stepn, move2earn, trends and broken pot
Sometimes I see questions about what to invest in for 3–5 years and forget about it.
At first glance, there are such projects, but it’s target shooting with a blindfold. Maybe Bitcoin is the exception. We all remember the #Axie hype, now there is #Stepn. Suddenly everyone is interested, along with the search for new #move2earn projects, and the trend has changed somewhat. Axie, although it has a lot of resources, does not create such a buzz anymore. I have no doubt that we will see more than one upstart this year. The more the better for us, hunters 😊. Maybe it will be the miracle of NFT, maybe #drive2earn (unlikely due to fuel prices ☹ ). Or maybe it will be some other service wrapped in a pyramid scheme? Do you know what’s in store for Stepn in 3 years? My gut feeling is that the hype will end much sooner because the trend will change. Why should it be different this time? This is not a world-changing innovation. Maybe when Nike offers real athletic footwear or a Fitbit sports watch with built-in earnings for movement in group workouts? It would be incredible if this Pokémon-style model had a long and happy life. It must therefore mutate into something else. As all organizations that can compete do. The idea of getting money for movement is very primitive, but it has hooked crazy large groups of people. If there is someone paying fantastic sums for trainers on a phone screen, there will be someone to pay the rewards for movement. Stepn is doing a great job. Creating a shortage of digital shoes and forcing those who want to wait in queues to get codes to buy them is an example of perfect marketing. $1 000, $1200, $1500, $9000 for a pair of angular shoes on a phone screen is a primitive but, as it turns out, very effective lure. I do not know exactly how far sneakers can be improved, but they are worth the price of new car. The greed to earn more for the effortless activity of walking is the real driving force. And that is great. Greed is often the driving force. Mass purchases of #bitcoin require a high price. The longer we stay at 40k, the longer anyone will need it. Such investors, fearful of losing out on a golden opportunity to get rich, are buying products when they are already reaching impressive gains. But there will be no losers here. Those who jumped in first have already benefited, those who are now or are still considering it may also benefit, but there will certainly be those who will stay with the broken pot that promised gold a few steps away. The system itself is programmed for this. You may disagree, and there is nothing wrong with that. As I said, there will be no losers. Those who lose money will also learn an expensive lesson, as education costs money.
That is why it is imperative to monitor your investments. Maybe not every few hours, maybe not every few days, maybe not every post on every social media account, but you have to be interested in what the project does with your money. #Stepn is working hard to grow, signing contracts (most recent with #Asics), attracting new big names, and people looking for a quicker way to buy a product that’s getting more expensive before their eyes. And the indicator of the end will be when you don’t have to wait in queues.
If you think I’m not holding a grudge that I bought at $0.11 and didn’t hold out until now, you’re sorely mistaken. I like Stepn, I like it very much. To be able to turn a project around on vices as old as the world requires ability. Someone has to have a big brain. Bravo!