While writing this I'm busy trying to sync my Ethereum wallet. I made the awful mistake of not opening the wallet for a while and now I have to sync it. It's been at it for hours. It's so slow.
The first time I used Ethereum I thought it was amazing compared to Bitcoin. 15 second block times vs 10 minutes if I remember correctly. Of course, all you could do with it was send Ether from a to b. But it was cool, fast and fresh and I liked it.
I used to read all I could about Ethereum on their Reddit and was in awe of the tremendous potential this tech would have in the future.
My treat tonight. Bourbon barrel aged barley wine-ish 12.4% extra strong beer, O yeah
I'm still in awe of the tremendous potential it has and I can't be the only one because the price has shot up like a rocket.
According to Coinbase 3,000% in 2017.
Wow, that's a lot of gains.
But why? That's a question I'm trying to find an answer too. And I can't find a clear answer and it is starting to worry me a little bit.
There seems to be a lot riding here on future promises.
Lightning network, sharding, POS. Let alone all the ICO's that are hoping for an Ethereum network that can make this happen.
All of this is perfectly fine for investing at $5 Ether but at $368, you will need to have some serious balls hoping they can make this work.
I, therefore, feel that it's overpriced (currently) until more becomes clear. I'm selling a part of my holdings. My balls have been stretched to the max hodling this long and need some relieve.
If FOMO is a term than I think FOLE should be one too. Fear of Losing Everything. That's what I'm suffering from at the moment and it started today out of nowhere. It's my gut feeling. I tend to lissen to it.
I don't suffer from FOLE when it comes to STEEM because I can see where it's going in the future. It's also already working perfectly and it can scale. I also like the business model if there is such a thing without an owner :) It's also only around $2 per STEEM wich is not extreme at all in my mind.
There has been one thing I wanted to buy for a very long time but never allowed myself to buy because most of my earning after bills and living costs went into crypto.
I also think buying consumer goods is an awful idea from an investors point of view because these goods usually go down in value pretty fast but the thing I want to buy should last for 30 years.
It's called a Green Egg. If you know my blog you know how much I like grilling and this is the Rolls Royce of home grilling. Slow-roasted Pulled pork and ribs, awesome steak, pizza. I can see myself already there this summer with a nice Barrel aged beer to go alongside it.
Cheers!
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