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RE: Thinking Bigger - Why the Low Price of Steem is a Good Thing
My only regret is that I didn't wait for steem to go even lower before buying a bunch couple weeks ago. My analysis even was that it would go lower in the near term....I just couldn't wait to POWER UP! :-) If we see 25 cents I'm investing more.
If you are thinking on the long run, you must never mind price fluctuations. You buy little by little, diversify. Never invest more than you cant afford to lose and stay off of short term fluctuations.
If price drops make you question your decision, maybe you just sized your strategy poorly.
Price will always fluctuate, for higher and lower and you will always have the feeling you could have made more money. And there is where panic comes from.
@hyperbatata thank you for the info. I was actually being bit sarcastic on my comment. I knew exactly what I was getting into....I really just wanted to power up ASAP, and I put that SP to work so the cost/benefit was fine for me even being bearish on steem price.
After many years daytrading and a decade of TA, have spoken those same words. The price fluctuations will drive ya crazy if you let them. Thanks again :-)
Haha! Yeah, most definitely :)
I am waiting for the vesting to be less than 90 % of total. Then you have incentive to power up. At about 91 % now.
@dennygalindo - I'm familiar with that strategy. I'm just not familiar with where/how to tell the vesting %. Any insight is appreciated.