You are viewing a single comment's thread from:
RE: Hey, Minnows & Dolphins - It's OK to Spend Your Steem When The Market Is Down!
One thing you could is change the day you sell your steem. From watching crypto the past couple of weeks it seems like it always starts to fall at the end of the week and goes up at the beginning of the week so selling Tuesday, Wednesday, or Thursday might get you more bang for your buck vs selling on the weekend.
Awesome post and you're absolutely right if you're using steem as a supplemental income just cash out around the same time every week. You may sell low one week, average the next week, and high the following week. If you try and time the price you could end up selling low ever week.
Hmmm... you have an interesting point there. I wonder if there's a reliable trend there, with prices being higher mid-week. Maybe some of the Steemit statistician types could help me out, I'll have to hit up some peeps and see what they say.
The general trend of crypto markets from what Ive found is that they are higher midweek as people sell off profits at the end of the week.
Cool, thanks for the heads up. I was gonna cash out some today anyway so maybe Wednesday will be my day from now on.