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RE: BTC dominance climbing - How history repeats itself
Technicals tell it is going to go much lower. Steem can go now to 2.1 USD, but it can be a very nice bull trap... then crash to 0.50 then 0.33. Right now it is 10 times more expensive than I want. Between 0.17 and 0.18 is a good level to buy, for 5 years or more long term.
Sorry for not being bullish. It is not a recommendation or advice in any way. ;) Good luck!
I hear you Hedac... but at the same time, there is a compounding effect you might fail to account for thinking of it entirely like that. For example. I've traded SBD's for other tokens, hence all my btc holdings have come from me participating of other markets.
The whole time I've been playing around with other tokens I've stayed active here on Steem, building the Steem wallet as much as possibly can. Since the price of Steem is "sinking" i've decided to bring those tokens back in the form of steem and put them to work. The intent is basically to compound my holdings as much as I can, and if it continues to go down, not slow down, but speed up.
If steem goes to 20 cents... I will be selling this house and I'm only half way joking to buy in. But, if it goes to a dollar, you bet that week i will collect 200 SP just from posting and more if I can.
When Steem goes to 8, or 10... every single token I sold, or did not make will hurt my psyche, and I refuse to endure the torture. hahahah