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RE: The Worst Mistake I Ever Made on Steemit
The part that people don't understand is that we earn the same amount of Steem even though the Steem value in Dollar terms dropped. So when Steem dropped to $.10 I continued to write and earn that Steem. Then when the price went up I was able to cash out a nice chunk of change. For a few months I was in the top 5 earners because there were so few active users. Our persistence in the end paid off big. People will do the same thing all over again if Steem drops under $.50. It saddens me but it is the truth.
This comment by @hilarski is so critical for people to understand, nothing is changing under the hood with regards to how payouts and rewards are being given on the platform, it's just that the market value is lower. Keep on earning 'til the value rebounds.
Yes, it only makes a difference when you go to cash out. And many newbies here think that's the ride - get rich quick.
Exactly right. It took me awhile to figure that out!
This time, on the upswing it looks like Silver and Gold (#steemitsilvergold) will be in play almost in parallel with crypto. My goodness.... Silver is so rangebound right now, so firgging beat into submission. It will not, cannot go lower.
Move into bitshares, lock into bitSILVER , and hold onto your bitshares as you follow the price of silver up. You will not regret it. They will move in tandem up to silver at $100 per ounce. Magnified awesomeness.