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RE: How Would You Feel If Steem's Price Flatlined At $0.05 While Other Cryptos Succeeded? Thoughts On Diversification
I can't afford to buy crypto and so almost all of it is held here in Steem Power.
Steem has given folks like me the chance to hold something outside of fiat, and earn it by being a part of the community and working hard to produce something of interest each day.
If I could diversify I would, if I could add to my SP, I would.
We all have our basket of eggs and can only manage them to the best of our abilities. It might be sacrilegious, but using some liquid earnings or a small power down to diversify could help you spread out the risk a little. Since you're a strong and faithful believer in Steem, who'd like to buy more, that might sound like hogwash. It's a personal thing, and if you're comfortable as is, then that's all that matters.
I have been unable to do that as what has been powered down has been used to eat n stuff. But yes, If i get a job I will certainly be diversifying.