Steem is about 1.08
Hi friends,
As I said yesterday, I think now is good time to but. I bought some 1.6 STEEM yesterday I should have waited longer but with my previous experience I will going to follow the buy whenever is down trend and then hold and sell when you want in the upper trend. In previous waves I've nothing to sell or buy. I guess is better to get some and hold and keep doing that for the long run instead of worrying about how to make maximum profit. What do you think?
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Its a good time to buy at the moment and sell in the upswing but more importantly is nerve, you will find people will try to panic so you sell lower, if you have the nerve and importantly the time to wait you can turn a little into a lot eventually.
Thank you for your comment. I hope to have what it takes specially in the long run.
ahhh, I remember not so long ago (maybe three weeeks ago) I bought up a bunch of steem using my sbd's... I got it at 99/cents. Then it went up to about $1.50... now... (insert sad face) going down.
Well you bought it at the cheapest and you should've sold some at the highest unless you want to keep it for the lung run :) Keep it up we all need more steem :D
Instead of trading I've started focusing more on investing. Basically I just buy on the dips and don't worry about the profits right now.
Yeah That is what I think I will keep doing. I'm glad that you add this comment. Thanks!
Hello raserrano! I would like to respond to your question, please.
Your remarks seem to address the timing issue. If my perception on this point is correct, then it is worth noting that getting one’s timing right has been one of the great and as yet unresolved problems in short-term trading, and perhaps even in long-term investing.
I have not seen articles and books on this subject; but I have certainly heard several discussions involving professional traders where this point is made over and over again.
The message I get from them, and from my own long experience in the stock market, is that timing errors will inevitably expose you to a large number of paper losses; and thus one of the keys to successful trading, and perhaps investing, is to develop strategies to allow you to keep the aggregate effect of those losses on your capital at a low-level, to give one large winning position a chance to wipe out the effect of several small losses.
What I hear the professionals saying is that you should hope for a string of occasional large winning positions, each of which has that effect (wiping out many mall losses) so that over a long period of time those large winning positions bring you to a substantial net gain.
Have you seen any analysis of the forces underlying the long-term price curve of STEEM (i.e. since inception in 2016), and ignoring the buying euphoria that affected many coins last summer? This analysis is needed; because I suspect that it will show that our gains from investing in STEEM are much more likely to come from benefits other than a gains that can be converted into substantial fiat-money profit. The reason for this position is that there is an endless supply new STEEM coins, a proportion of which are regularly brought to the marketplace for sale, and unless there is strong and sustained buying interest that overcomes that selling pressure, the chances of a substantial capital gain are not great.
This is not advice against investing in STEEM. I have recently bought a few hundred dollars worth and locked all of it away in Steam Power, and I expect to buy some more very shortly; but none of this is with the hope of getting a capital gain in the usual sense of this concept.
Cheers!
I totally agree with you. My point is to make the best convert ratio from SDB-STEEM (Invest into many power ups) for long term profitability.
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