Keep Hold of your STEEM post HF19
This is a quick post to reiterate what sflaherty said in his post about HF19.
All day I have been going through the countdown until this was implemented to see what changes it would make. Personally I think the changes are great and it has finally given the newer and smaller users much more power with their votes.
However, all I have seen on the exchanges since HF19 is Steem being sold in droves and the price plummeting.
This is really hurting my head, I don't understand how such a positive result can trigger a sell off like this.
- Is it the newer users cashing out their new gains?
- Is it all users cashing out gains?
- Is there something I don't know?
There's clearly something going on that I am not fully aware of.
Hold you Steem
I feel like this is a time to tell everybody who is new here not to worry. In my opinion Steem is here for the long term and in a few months time the gains of today will be insignificant compared to what you will have then.
The best thing you can do right now is to Power up you Steem, use it to vote and make user of the new amazing rewards for the next few months. If we sell our gains now we will kill the price of the coin and we will all need to work that little bit harder to bring everything back up again.
Please, for everybody, hold your Steem.
Hopefully somebody in the comments can tell me why people are so keen to sell.
If you want to support the news I share and work I do for Steemit please FOLLOW ME
I like to disagree.
Let the price fluctuate, let it take a dip down
DOWN DOWN DOWN
Down for a while. I need more STEEM, (I need more SP) and I need to get em cheap
It will settle up in a month or two, and then a clear path will be UP UP UP
Very true, just not too much. I like the returns on my current investments :)
I am, not in rush. I want my returns in 3-5 years
I'm not in a rush to get off this train anytime soon and will be holding on to my steem as well. Cheers
I plan on holding on and powering up as well once i can claim my rewards :) not in a rush to get off the train, happy to wait it out and see where it goes haha!
Exactly, who knows where it will end up!
HOLD THE DOO.... STEEM :)
This is ridiculous!!! I'm screaming like a little girl!
I even made $80 on 1 comment recently!
100% man
HODL only HODL !
HOLD always HOLD. Anyway good advice thank you.
Steem is very much a long term investment for me. And as with any long -term investment, drown out the white noise of the day-to-day happenings. Just keep your eye on the finish line and the rest will take care of itself.