DON'T PANIC WHEN THE STEEM SKY IS FALLING!
Screentshot of steem price as at this morning from Coinmarket Cap
Image is screenshot of Minnions
Warning: The Volatility of Cryptocurrencies could make you loose your mind!
It hurts so bad to see steem drop from around $8 to $4.91, almost half of it's price is gone with the wind. Just few days back it was a jamboree/fiesta in Steemland.
To the wise and prudent steemians and Crypto enthutiast, they must have set aside part of their earnings and must have invested it in a more stable Altcoin with the aim of buying back into Steem when the correction in price of Steem/SBD finally materialized.
Many like me sees steemit as a getaway into another World, a place where there is hope of being valued and not thinking of the Socio-economical conditions of the Real World. While to some it's just another website, for the formal; i enjoy my little time on steemit. Reading articles that are cruicial to a stable financial condition is one of the best reason i come back day-in day-out. Even though i have not been commenting so much because; "it's better to keep mute than drop annoying comments!"
To power down would be a grave mistake for me, not yet!
Hopefully, i won't fall into a financial quagmire that would require me to do so. Though it is so hard to see the value of your accounts drop, but it is just one of those days where you have to take the good and the bad!
WARNING!
keep your Steem/SteemPower, HODL on to it and never despair and powerdown. The good/better days of Steem is not far away: keeping fingers crossed for SMT...To panic and sell your Steem is Wrong!
FOLLOW-UPVOTE-RESTEEM AND MAYBE DROP A SUPPORTING OR CONTRARY COMMENT.....It's your friendly Neighbor @oluwoleolaide for Steem-Lagos-Nigeria-Africa-World!
Badge courtesy of @jodi.pamungka Animated Footer by @rituparnaghosh
If you've been here long enough, you've seen it rise and fall - granted only from like $4 to less than $1, which is abour equal to what has happened just now but this dip was especially heartbreaking.
As you know, it's all part of the game. Good luck and may good fortune always come your way, friend.
Amen my dear friend.
i think it will drop to $1 or $2 in next few days or in a month.. as i read somewhere last year it dropped to 0.10$ in july.
Well, that only means one thing: Buy a truckload of it when it drops that low😎
The lowest steem got in July was $0.89. That was after a then record peak of $2.66 on June 6th. The new record peak was $8.19. If the next nadir is 1/3 of the peak like last time, then that will be around £2.73. But there is no guarantee that the next nadir will be as low as that.
https://www.coingecko.com/en/price_charts/steem/usd
you r right @antonchanning
may be this time .. 1/5 or 1/9 ... butt as it is going it will hit again $1 soon..
Every one want money but here its good platform to increase the knowledge am not scared but if happen will keep me confidence to know where l lose or make mistake
Waiting to see next pumping. Be patience and hodl now. Its better options. Am I correct @oluwoleolaide
AFFIRMATIVE MY FRIEND!
Steem has a brightful hope..good for the alert @oluwoleolaide
Nice writeup
Nice post
Thanks for the advice bro. We keep on steeming!
You welcome bro...
My oga no be small thing ooooo, this one way steem just drop half the price get as e be wallahi. Me way no even get anything for the platform they feel wan kind talk more of people like you way don hit am for steemit. I feel the pain of loosing and I take courage from the thus your write up, I go try keep my calm and follow and learn from people like wuna. May the almighty God bless you more as you they continue to they give us hope.
Amen brother, steem on!
really good post bt its so sad for me😕😕😕😕😩😩😩😩
Don't be sad mate, the price you see going down shall rise again buddie!
thank you 😍😍😍😍