This is where the fundamental guy and the old skool Steemian in me takes over.
In BTC or Satoshi (sats) value, STEEM is on its way to make a new all-time low.
The lowest STEEM has ever been was 5800 sats in March 2017.
We are around the 6300 sats level now.
Luckily for us, in 2017, BTC was worth a lot less, so In USD value STEEM looks better than last time.
Last time it was worth $0,07 at 5800 sats now it's still worth $0,34 at 6300 sats.
Do I worry? Not really.
This is where the fundamental guy and the old skool Steemian in me takes over.
I have seen it all before and I had expected this endeavor to take a long time anyway.
I wouldn't change it for the world.
Also, I have not seen a single sign that people are leaving this blockchain for something else this time (I call March 2017, the dark ages of STEEM, it had become a desolate place), in fact, the building and development have only increased regardless of price.
For as long as people build, I don't see a reason to worry.
But I do make sure I find ways to occupy my day.
Younger me would sit behind this computer the whole day looking at the charts.
Like it would matter.
It doesn't matter. These are forces that are beyond your control. They will have to play out.
All you can do is make a battle plan and carry it out.
The markets can kick STEEM to the curb, stomp on its head when it's down and kick it in the gut until there is nothing left to hurt and after they are done, STEEM will get up and carry on.
When will this stop? I don't know.
I know many want to know because they would like to buy STEEM or sell it.
I can't give advice about it anymore. I've been wrong about it too many times myself.
I'm acting on my vision for STEEM I recorded here.
I believe STEEM has the potential to be one of the biggest blockchains in the world and have always acted accordingly.
What I am personally doing regarding STEEM is preparing to buy more. But not at these prices.
It needs to go substantially lower, I already have bought enough STEEM.
If STEEM decides to go up from here, I'll be perfectly fine with the amount I have acquired.
If STEEM goes lower it will be very tempting.
But at current prices, I can't do anything besides using the blockchain that I love and have fun!
This morning I played Steem Monsters, I'm typing this post and later I'll update my structures in @nextcolony and read posts by other Steemians.
Good luck doing that on any other blockchain.
I'm also preparing two huge pieces of pork in between.
Tomorrow is Kingsday in the Netherlands and that means party time with my friends, with nice drinks and food.
I offered to make my friends pulled pork sandwiches.
I bought 6kg of Pork. It should be enough right?
Have a great day! And whatever you do have fun and enjoy!
I will.
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@exyle I bought at $0.41 about two weeks ago because things looked steady. It looks like it's on it's way down again, but I agree, it is impossible to predict. All you can do is make sure you are comfortable at purchasing where you do, knowing the likelihood of a increase or drop (even significant) is possible. Things do appear cyclical at times, but I feel we are getting into a time of uncharted waters with the possibility of new money and new investments breaking into the crypto scene. Thanks for the updates on much of what is happening. It is helpful to newbies and OG's alike.
I don't think you bought at a bad level. Buying at the precise bottom is more luck than wisdom. I personally think it's impossible. I have always gradually bought in a downtrend. Will still do this but waiting for lower $ prices, already bought in the last downtrend at lower $ levels then now.
This is great outlook. As long as we are growing in number of users and lead the crypto pack. Nothing to worry about
See you sunday because sunday raceday!
See you sunday m8!
I dig your optimism, and your cooking skills too. I have been working on onboarding more interesting people on here.
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More recruiting should help!
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Thats a nice piece of meat. I am a little jealous. Happy Kimg Day!
I just bought more $STEEM to celebrate/speculate.
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hahah dat is een best stuk vlees. Zal wel smaken, veel plezier morgen !!
you too!
That’s true about the value of steem! 2020 will be a great year and did you just say 6kg pork? Send some my way 🤣
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Bitcoin's been going crazy recently, that's really what it's all about. I had to sell some Bitcoin recently, and it just happened to be a great time to sell. There's no logic to it. Litecoin is also massively undervalued (in my opinion). I'm with you on Steem, and also looking for that moment to buy in again. I don't have the funds now, so I'm happy to wait for a bit!
I already sold my BTC so cannot put it in STEEM but the Fiat is still there waiting for the same substantial drop you are waiting for... I am adding a little bit of steem at a time but nothing huge for the moment.
6 kilos.... Yeah, you might just about have enough :OD