Steem的投资策略 Investment strategy of Steem

所有的加密货币都在跌，Steem也差不多跌到了去年的价格，很多人恐慌，害怕价格跌到更低，持有的人在抛售，想持有Steem的却不敢买。

对于所有参与到Steem社区的人来说，没有人不想成为鲸鱼，这种需求就构成了持有Steem的动机之一，这是与其他数字货币最大的不同。大多数数字货币只有投机的价值，或者说它们根本没有内在价值（除了投机以外的价值）。而Steem不同，它是有内在价值的，特别是随着Steem社区用户的增长，它的内在价值比去年已经增长了很多倍，而且它在未来还会继续增长。

All cryptocurrencies are falling, and Steem has almost dropped to last year's price. Many people panic, fearing that the price will fall even lower, the people holding the sale will be selling, and those who want to hold Steem don't dare to buy.

For all those who participate in the Steem community, no one don't want to be a whale. This demand constitutes one of the motivations for holding Steem, which is the biggest difference from other digital currencies. Most digital currencies have only speculative value, or they have no intrinsic value at all (except for speculative values). Unlike Steem, it has intrinsic value. Especially with the growth of Steem community, its intrinsic value has increased many times over last year, and it will continue to grow in the future.

我是巴菲特价值投资的理论的拥护者，它说如果一个资产是有内在价值的，并且如果它的价值实在不断成长，那这个资产就值得持有，而且每次市场给出悲观态度的时候都是我们持有它的好时机。

但人性的缺点总让我们变得懦弱，特别是在熊市的时候，大多数人是没有勇气和市场对抗的。有的人会一直等他认为的市场的底部，并不断对底部进行修正，却一直等不到那个真正的底部。我认为我们是无法预测金融市场的底部的，不停的预测只会让我们焦虑，而且并没有什么意义。

I am an advocate of Buffett's value investment. It says that if an asset has intrinsic value, and if its value grows, then the asset is worth holding, and every time the market becomes pessimistic, It is a good time for us to hold it.

However, the shortcomings of human nature always make us weak, especially in the bear market, most people have no courage against the market. Some people will wait until the bottom price of the market that they thinks, and continue to make corrections to the bottom price, but never have the real bottom. I don't think we can predict the bottom of the financial market. The constant forecasting will only make us anxious and it doesn't make much sense.

如果一个资产已经低于他的内在价值，那么是不是最低价格已经不重要了，因为这个时候持有它就会是有利可图的。但包括我在内的所有人都想以更低成本买入Steem，即使我们判断目前的价格已经还不错。所以我使用了一种能让我接近最低价的成本买入一种资产的方法，我称之为价值定投法。

这种方法包含两个要素，第一个要素是确定资产的当前价格是否接近他的内在价值。巴菲特给出了一种判断方法：假设你有买下整个资产（所有的Steem）的钱，你是否愿意已现在的价格买下它。Steem目前的市值是4.2亿美元，Facebook的市值是5400亿美元，Facebook的市值是Steem的1285倍。如果让我以1285分之一得价格买下告诉成长的Steem，我认为这是一个合算的交易，所以我认为Steem现在的价格已经接近或低于它的内在价值，到了可以买入的时间点。

If an asset is already below his intrinsic value, then the minimum price is not important, because holding it at this time will be profitable. But everyone, including myself, wants to buy Steem at a lower cost, even if we judge that the current price is already good. So I used a method that allows me to buy an asset at a cost that is close to the lowest price. I call it the value-anchored investment plan.

This plan involves two elements. The first element is to determine whether the current price of the asset is close to his intrinsic value. Buffett gives a way to judge: Suppose you have the money to buy the entire asset (all Steem), are you willing to buy it at the current price？Steem's current market value is 420 million US dollars, Facebook's market value is 540 billion US dollars, Facebook's market value is 1285 times that of Steem. If you let me buy Steem with a price of one in 1,285 of Facebook, I think it's a good deal, so I think Steem's price is now close to or below its intrinsic value, and it's time to buy it. .

价值定投法的第二个要素就是使用定投的买入策略，这种买入策略可以让平均买入价格更低。首先我们先确定我们要买入Steem的总金额，比如10万美元，其次，确定我们最长需要多久投资这10万美元，比如100天。那么每天我们要话费1000美元买入steem，不管价格升高还是降低，我们都严格执行这个策略，那个我们会发现我们的平均买入价格会很接近这100天中的最低价格。

这种价值定投法是我在股票市场中总结出来的，按照这种方法，在股票市场每年我都是赚钱的，赚钱的多少虽然有浮动，但基本没有亏损过。

The second element of the value-anchored investment plan is to use a fixed buy strategy, which can make the average buy price lower. First of all, we determine the total amount we want to buy Steem, such as 100,000 US dollars, and second, determine how long we need to invest in the 100,000 US dollars, such as 100 days. Then every day we have to buy a steem for $1,000, regardless of whether the price goes up or down. We strictly enforce this strategy. We will find that our average purchase price will be close to the lowest price in the 100 days.

This value-anchored investment plan is what I summed up in the stock market. According to this method, I make money every year in the stock market. Although there is a fluctuation in how much money is made, there is basically no loss.