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Good to know. I'm looking to buy in to Steem soon. I think it is very near the bottom making it a safe investment.

By the way, what's the best way to trade Steem for Bitcoin? My thought is that if I'm going to buy in, with the intent of powering up, I'd first by Bitcoin and then trade Bitcoin and Steem back and forth for a short while before powering up.

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Steemit is powering down 34 millions of SP...it will take another 12 weeks for that to happen...if they will cash out,Steem price will drop alot... probably under 0.10$...too bad for me, I bought at 1.30$😕

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I didn't know about the power down. Thanks!

I had guessed that the "stable value" of Steem would be b3tween $0.10 and 0.15 based on history, but I didn't anticipate that it would achieve this through Steemit Inc dumping currency.

My $100 buy in was at $1.60. I'm having fun and have learned a great deal. I tell myself that I paid $75 tuition for a hands-on cryptocurrency course. Unfortunately, there still seems so much to learn. Ignoring Steem publishing, there still seem so many ways to make money in this market.