You are viewing a single comment's thread from:

RE: Investing long-term with Steem: Time as an overlooked parameter

in #steem8 years ago

Maybe I missed something, but when you're lookong to buy in, why would you say "I want 10.000 STEEM" instead of "I want $10.000 worth of STEEM?" Then it's less obviously bad to buy in later because you'll be starting with the same value in your position.

If you like what I write, check out my series on the game theory of Steem!

Sort:  

The first approach (in the context given) is attempting to minimize the amount spent for a given amount of STEEM tokens. The second approach simply wants to spend 10k USD - getting whatever quantity with those money. It's not an approach that maximizes bang-for-buck. Now if you start thinking about quantity that you can buy with a certain amount of money, then you go back setting a target of quantity (indirectly) after figuring out the right price to buy in.

Coin Marketplace

STEEM 0.16
TRX 0.16
JST 0.030
BTC 57983.67
ETH 2465.71
USDT 1.00
SBD 2.41