Bounty: How are you coping with these crypto prices?
The market has been brutal to most cryptocurrencies including Steem.
I hope we are in a decending wedge and close to a bottom somewhere above $0.40
Here is the bigger picture of Steem:
How are you coping with this crypto winter and specifically low prices of Steem?
And where do you think things will go for technical and fundamental reasons?
I barely have any money for myself. I started buying most of my STEEM when it was around $4 and STEEM is still my biggest crypto investment. One very important thing I can show is that my account value has remained mostly consistent during a very harsh year prices failing over 90%
The Secret is Passive Income
Most people overlook dividends. Crypto can get you passive rewards that can make dividends look like daylight robberies. This is especially true when it comes o STEEM. I've also managed to get over 35K HUNT Tokens and about 25K Dlike Tokens. I've done little bit of analyzing on @steemhunt here:
https://steemit.com/market/@vimukthi/dear-world-how-would-you-value-steem-hunt-a-mini-analysis-on-the-token-economics
https://steemit.com/steemhunt/@vimukthi/i-dug-where-nobody-was-looking-at-and-steemhunt-made-a-great-impression-than-any-other-dapps-or-steemit-inc
I've also been investing in @steemmonsters as I've mentioned here. I think these investments will end up being worth more than my actual STEEM account. So I'm not even coping with the crypto winter. I'm actually enjoying it. I even consider the low prices driving out lots of STEEM content producers as a great thing. Less competition means I'll end up with more SP that is barely worth anything at the moment.
I play the long game. What I see is some glorious opportunity around me finally make some money for myself while doing something I actually enjoy like writing, researching, gaming and basic tech geek stuff.
I think the current bear market Cup & Handle could spread upto Q3 2019 Usability and real projects will slowly gain more traction and overall market will be less tied to BTC performance over the next 2 years. There really isn't much "hype" news flying around. So utility will have to make up for it.
I'm pretty chill about this whole bear market crypto winter thing because I look at the horizons instead of my feet.
The prices are bad but I prefer to look at this downward time as a chance to get into crypto at rock bottom prices before the next eventual moon. The only question is how far will Crypto tank before its eventual rise. Personally I just joined in on the crypto craze and don't have allot invested thus far.
My biggest crypto investment has become Steem-Monsters and its value seems to be linked to fiat and not the crypto market or Steem. Which is very interesting considering Steem-Monsters is tied in with Steem.
How am i coping with the low Steem Price? Steemit stopped being about the money months ago, so I don't really care. I'm pretty sure it will go back up eventually. I'm not buying yet, because I believe the price will go down even more. Once there is a steady upward trend again, I might invest a liitle more.
I haven't changed my behaviour here. All the SP I can earn now, will be worth more when the price goes up again
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I did my for investment (some hundred euro) just like @vimukthi when steem was 3.5 - 4 USD.
About two weeks ago when steem was 0.77 USD I did the same investment again.
Do I regret it? No, somehow I simply know it will be a good investment for the future.
I see it as a long-term investment and also try to build up some passive income.
Perhaps it takes years to build up a nice base - but who cares.
Hopefully, I have time enough :)
Steem on!
I do not know about technical or fundamental reasons. But I am looking at the historical way for a "bubble". It is very similar to what we have seen since december last year. And what if we are going to the same - it will soon turn up again. In some days I will help a friend start to invest in Steem so wish the price still be low - only a few days more
No problem at all. Since I only used a very small amount, which I could easily miss/lose. The loss I made in the past year is basically compensated by the Steem I earned. But if I would have been a paperboy for the past year I definitely would have earned more 😩😂
I always believed that crypto is a hype and that the prize for most coins will become close to zero. Atm I could turn right, but I think we need at least another decade.....
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Dear @knircky, i remember some months ago when in one post a steem-bounty friends asked which value will reach Steem on the end of 2018 and only you predict 0,5, that means you are really aware about market behaviour and what is going in on in Steemit.
Now it is really good price to buy i think, but i would do if who drive Steemit instead post smiling face or playing guitar video, would give us some explanation of what is going on and what is the business plan for next months, as all market stocks companies do, because crypto is money too, not just a play!
Well, I'm in no immediate need for the money that I've locked up into crypto, so I'm more than happy to ride out the storm! Even if it crashes to zero, I've written off these investments as high risk long term bets anyway! Don't bet more than you can afford to lose!
I'm on the fence about completely decentralised chains... I think there is benefit to them, but I suspect that the majority of people in the world don't actually want complete decentralisation of funds. However, data and other use cases are different matter!