Vlog #54: Back to buying Steem
Since yesterday I'm a buyer of STEEM again. Bought around 200-300 STEEM with Fiat money and will continue to do so for as long as this downtrend lasts. (<1$).
It took some adjusting in my mindset to make this decision. STEEM came down from around $2.20 to $0.90 pretty fast, resulting in about a $100.000 loss in value for me. I never had that much money before, nor lost it, lol. It's interesting I can tell you that.
It can put a person in a depressive state of mind. But I'm not someone that wants to dwell in negativity for too long. Therefore I forced myself to change my mindset and see this as an opportunity to reach my goal of 100K Steempower.
The moment I bought more Steem yesterday I felt better. Because now I have a goal again. If this downtrend lasts for a long time I'll be able to buy more Steem at a nice buy in average. And if it's only a temporary dip I have enough SP all ready to be happy with that.
If you read my blogs I don't have to tell you that I'm a big believer in the success of the Steem blockchain. But when big downtrends happen emotions do get involved.
It's in these times extra important to screw your head on tight and stay rational.
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We are still at the very beginning of blockchain based content distribution. Steem is the first blockchain which tries to value content without the need for advertisement.
It is an interesting time to live.
it sure is!
Dnt b need to panic ,i m around 17k$ loss on exchange currently due to current dip , but hope for the best , never give up its part of game , yes this is the rite time for shoping if any one have some $$$ for atleast 2 months , best of luck steemers
Thanks for your blogs and videos, I find them very helpful. I bought a little bit more eos and steem today. I had a theory though that possibly the price of steem will go down to the level where our votes are equal to the exact amount before the last hard fork. I hope not, but the thought just crossed my mind! However if it happens it will be an even better opportunity to stock up!
Steem has gone down a bit but it had nice bounce and it's actually getting close again to that $1 value again. I was actually hoping it would go down a bit more so I can pick up some more.
Thanks for sharing very nice post great work amazing information. Yes stacking steem is a good i am sure it going to over 2 + $ soon. Thanks for sharing nice info your blog is very good and you are very good man i love you sir @exyle😊😊😊😊 you are awesome good man very interesting video
You have the right attitude and rationale. I'm a big proponent of dollar cost averaging, you don't necessarily get the best price, but you get the peace of mind by not trying to time the markets but still acquiring the asset. I've slept a lot better by adopting this method, that's for sure. The segwit 2x agreement is what's best for BTC and logically just makes sense. The miner's simply have too much to lose by not adopting it, so I feel it will all be fine. I could definitely be wrong, but we will see. Great level headed take of the situation. Have a great day!
this. Crypto at times just shoots up like a rocket. Buying just before that moment and go all in is almost impossible.
I think there is more decreases to come before the bitcoin scaling drama is over. This could be dead cat bounce! I too am looking forward to buying in at lower levels but I don't think we are there just yet!
I think it will be a bumpy ride. I don't know where the bottom is. That's why I buy gradually.
Dont even be SLIGHTLY depressed, i know people who have lost half a million or more because of the price dips
the prices will go back up, youve seen the downturn before, and youve also experienced when the prices go back up, which, after aug 1st, they all should
but yeah, steem is very cheap right now, its not a bad time at all to buy some
I'm not depressed :)
He cant be depressed because he bought his steem at a price lower than the current price :)
Just saw p0o 's article. Maybe you are interested too. :)
Thanks, I read it but I don't agree with him. I don't believe anyone can predict the bottom and therefore I buy in gradually below $1. I'm not buying above $1.
Same here. 100k SP goal ;-)