AskSteemit: Who's buying Steem at these prices?

Hey everyone!

Who would've thought Black Friday would bring some great deals for crypto's as well, eh?
I know that things may look dark right now and you've probably heard it from many who keep looking at the all time highs and comparing it to the prices now. It would've been nice if Steem and many other currencies would've moved away from the Bitcoin pull at this point but I guess it's just too early for that still.

What can I say else than Bitcoin having had these swings a few times already and compared to many companies during the dot com bubble they've also seen similar movements. The good thing about that is that many actual "shit" companies/coins will not survive this period so it feels great seeing so many new projects being built on a weekly basis on Steem and people still being excited about SMT's.

Anyway, I've been lately moving around some altcoins here and there trying to grab some Steem as these prices have seem ridiculously undervalued to me but who can tell if they can drop lower, it sure would not surprise me at this point anymore. I am at least hoping that Bitcoin won't breach the $3k price, if it does than there may be something wrong that the majority are not aware of.

Anyway, as a manual curator I've mentioned before that you can be a lot more selective what kind of content or users you reward on a daily basis and I'd be lying if I told you that I've just been focusing on rewarding quality of content. Although that is not the only factor in it I believe it is important to reward the people who put a lot of effort into their daily Steem activity and have shown themselves to be long term thinkers than short term gainers. Though I understand that some may be gambling with trading for other coins and planning on buying back Steem with it later, it's not easy to read people's minds. I like to reward users who have stuck with Steem and are powering up as much as they can and buying Steem at these prices because they see the advantages of our platform and the long term vision of it.

Having said that, these dips are important for the currency. Even though you may not like that some random outsiders are able to accumulate a lot of Steem at these cheap prices, distribution of stake is important in one way or another. A lot of people earn Steem the easy way compared to currencies that require you to invest in hardware and electricity that's why I do believe that has an influence on the big swings of the price, but those same users will also sell at any price because they have not earned the coins with a lot of effort. I do believe though that many of those selling today thinking "oh well I'll just earn it back later" will find out how much harder it has become to earn Steem now than it was a two or even a year ago. Not only that but crypto swings can happen so fast and so sudden that many won't even get the chance to buy back in even if they wanted to.

Anyway, who has been making the most of these prices lately and been powering up? :)

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