Slowly grinding steady up that hill. SP goals.
I don't use charts a lot in my buying decisions.
I mostly go by feel and fundamentals.
But after meeting @ezzy I have come to appreciate them a lot more.
They do tell a story and I have heard @ezzy make some incredible calls just on indicators that he uses.
So for fun I thought I draw my own story on a chart and why's it's so easy for me to buy at this point (around the 80-85 cents mark all the way to the bottom).
First off: I have no idea what the price will do from here.
I used to believe that strong fundamentals could beat markets but this last downtrend taught me a new lesson.
Markets do what markets do and there is not a damn thing you can do about it.
All I care about is the development and growth of the platform compared to the last time we went through 70-80 cents STEEM.
And then it's easy to see that there is no comparison.
Back then it was maybe 3000 active people and just steemit.com and well now this place is bigger than ever and with no sign of slowing down.
Also the roadmap is clear with HF20 coming soon and SMT's in 2019.
For me is enough reason to keep buying.
And I am. Already past the halfway mark of my 150k goal.
Slowly grinding steady up that hill.
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All my investments are way below profits and I don't know what to do.
Thankfully I earn steem so I'm just holding. No new investment for me now though, except for the very short term. Because I need to feed
I don't watch the price much at all. I just blog and accumulate while staying enthused by watching vlogs by a guy called @exyle.
Actually I'm having a lot of fun!
Haha! Having fun on the blockchain is the number #1 thing I would recommend. When it comes to price I do look at it. Especially now when it goes lower and there is a possibility to acquire a fair amount of STEEM by buying. I know the moment it spikes up above $1 and beyond this will be impossible. I have no idea where the bottom is so I just buy gradually.
Fundamentals are something that I have always rooted for as well. Recently though my guts have been screaming about technical analyses and it has made me take a look as well.
I joined Steemit in Jan 2018 and didn't had a penny to spend on buying steem. So I have been posting, commenting and quietly powering up all of it. These recently low prices have somehow increased my steem earnings (even the dollar value of posts are down).
It's a pretty good time to both buy and earn steem. Its just a little weird to see a lot of people pulling back now, when they should be accumulating. I am a relative newbie here (got introduced to the crypto space in Oct. 2017) and even I can see that.
Yes, it can very well be that even though the payout value of your post has gone down the amount of STEEM you earn has gone up.
When the price declines it's seems activity always decreases but it's not that bad this time. Still a solid 50k+ accounts transacting daily. source.
Thanks for the link man!
3000 is a pretty small number from last time. Fifty thousand definitely shows that not all eggs that came in the past year were bad.
i’m amazed at how good i feel lol
on paper, i lost a bunch of money on steem.
but i’m still beyond bullish and looking forward to keep stacking the SP at these prices.
you are so right man. the roadmap. the upcoming changes. what an opportunity for fans of steem and members of this community!!
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At the beginning of the year there were some that were hyping steem will reach the $100 mark by the end of the year, as I said back then I will be happy with $10/steem by december :)
first of all. when is the witness winner going to be known?
then your charts. a very great account was made @kabolo. i call it great cause at such small level the community endeavors to make an impact but then with the low value of steem, things got on the downlow. so i decided to spend less but guess what? i couldn't because i had needs. so i had to more posts and comments just to meet up to my personal needs. i won't give up on steemit, not now , not ever! It feeds me
Learned so much, thanks!
Well you sure have been a great and cautious investor as I have seen over the year !
While we shall get as much as possible :)
Steem have now heavily very low price... And I think if BTC go up... steem can very fast jump up 5.. or 6 $ ... that's what i see.
Good inform. Nice work.