AskSteem: Are you buying Steem?
Last time I asked this question I believe we were around the 25 cent prices and we noticed then how quickly we lost the opportunity to buy Steem at the same prices again. Crypto markets are fast and ruthless, we saw what happened last night as well when the news broke out that Bitfinex may have been using Tether to cover losses, Bitcoin went from a stable $5500 to $5000 in a matter of minutes. Open markets allowing anyone in the world to trade and interconnected to each other are something that have not existed before in the same way, it is going to get interesting and we have some wild rides ahead of us in the near future.
Even though I've had to sell some Steem lately I've been trying to make the most out of these dips and purchase when these occur, if anything you can make a quick profit when the correction occurs but if you are looking to hold on for the long term and then buying at the dips is your best shot. If we were to say that when Steem was at 20-25c in early 2019 and that was the lowest it will ever be, then having purchased, powered up and delegated to a project or dapp for returns is going to beat any other timeline. Even if it were to go down to 20c in the near future, the first 20c will have been way more profitable for holders and powered up accounts. I like that aspect of Steem as it incentivizes holders and people using their stake more than traders keeping it on exchanges looking to make a short to medium term profit, not that it's impossible but we as holders would still outperform them.
So seeing this recent Bitcoin crash due to the news which brought down most of the market and Steem included, are you buying at this point? There's a cool contest I noticed @streetstyle hosting called #spud which stands for Steem Power Up Day and it happens in a few days, would be interesting to see how much we could manage to power up or more importantly, how many accounts would be powering up on the same day. You should check it out. :)
Good thoughts, am expecting some $500 worth of bitcoin payments and was so happy when I saw the price down. It was a good indicator for investment.
Correct "@streetsyle" to "@streetstyle "
Hey, good looking out @uyobong
But it’s all good, it happens to all of us.😎✌🏽👍🏼🙏🏽👊🏼💯
Haha, woops, will edit, noticed a lot of other typos just now too. :D
I've been converting some Steemhunt into Steem lately, even though I plan to hold on to most as their project is really promising I can't help taking this opportunity when Steem is so low.
Really true and great business skill there.
I could consider that too @Acidyo.
Great suggestion and question. I'm not buying but am earning over on steemhunt for the most part recently. Now's the time IMO to be stacking it any way you can! As silly as it sounds I've never bought any steem but rather built my account through commenting mainly as somewhat of an experiment to see just how far I'd go. It's been loads of fun and beyond earning steem I've met so many wonderful people. My advice is stack it as tall as you can but beyond that, and more importantly, build those relationships here within the community cause it's here to stay and those relationships are far more important than anything else. To the MOON...........................
That's an interesting experiment, I also spent most of my first year commenting and curating with a trail that made my votes more effective. :) And yeah, good advice!
Glad this grassroots effort is getting the exposure it deserves! I bought 1k STEEM, just so I could participate in SPUD.
It's a cool initiative and will be interesting to see how many accounts it will reach, will try to throw some resteems to related posts until that day. :)
I almost bought yesterday but decided to wait for more fallout over the weekend when volumes are low. I tried to remain disciplined on only buying once per month but the price is enticing here. Maybe over the weekend!
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If steem goes down to about .25 cents, I'm buying at least $200 worth of it. I actually want to buy now but I'm waiting a bit longer because I think it could still go a little lower.
Do you mean steem price would go down to 20 cents?
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Idk if it would. I mean, it’s possible. If it did though, I’d just buy more 😅
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Me, too!
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Yeah that's right now is good time to invest in steem, but at this momemnt i can't do that, because i am out of money. I never withdraw any steem out the platform and i will wait for better moment for sell steem. I hope so prices will rise in the next year after the halving bitcoin.
Yes, every night in my dreams I am buying STEEM at the rate of 4 to 1 goddamn flucking Pound Sterling!
I have some liquid ready for #spud :D
Are you fishing to buy Steem with it? Do you see a Steem price tag on every catch? lol
We need a fishing game on Steem. :D
A fishing game... pikeponzi? submergesteem?
I bought steem sometimes last year and will definitely gonna buy in the nearest future
yes about 1/2 hour ago
I'm participating in #SPUD, I may be able to Power Up more than 100 Steem. And if I'm able I will buy some Steem in a couple of days to Power Up even more.
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