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RE: Why I Have Decided To Stop Powering Down My Steem Power For The Long Term
So . . . . I've recruited the wife, my father, son & daughter-in-law, daughter and a co-worker. The son hit with a $250 post yesterday :-) Given that this should make a lot of money in the long term, don't you want to bring family and close friends in early? Yes, I am taking some ribbing because the price of steem has dropped -- but the $250 post has pretty much stopped that :-) I've also got a bunch of money parked in bitcoin until the price of steem levels out, then BOOM!
That's what tons of people are doing, and that's why steem is falling so fast. The problem is, when it does go boom, you're only going to have mere minutes to buy in at the bottom before the price rises. It makes a lot more sense to "buy some on the way down", because you never know where the bottom really is..