Remember, HF19 is a Blessing!! Let's not Crash the Coin with Lowball Mass Sell Offs!
I see some stress forming over HF19 needlessly
I know today is exciting due to the nature of the HF19 empowerment going around. We all worked hard here and finally seeing a push ahead from the amazing dev team and system but there is some lingering fears I am hearing as I chat around about this event today.
Right now POLONIEX has their Steem wallets down for maintenance due to the HF. This might be a little blessing in disguise to limit everyone from going nuts and cashing out in droves. Sadly though I went to Bittrex to see how we are doing and it appears people are dumping their extra earnings right now, I get it...sure that was going to happen but I hope everyone here for the long term keeps in mind a little stall to sell could help everyone in the community.
Right now we have a huge opportunity to add some Steem Power to our wallets which can build us up to the top if we view Steemit as a huge long term investment. If we treat this like a huge gold rush we could crash this coin for a bit and I would hate to see that happen. So as a public service announcement I wanted to post this and remind everyone to think in the long term, protect your investment and not low ball your worth due to the new found wealth showing up right now. There is more of that to come if we be vigilant and invest wisely with Steemit.
We all got to pay them bills
I get it though, we have bills to pay, I also have to slip out some of my earnings now and then to provide so its clear to me that we all have our own needs with our personal earnings. Just remember one thing, holding Steem Power is money in the bank as well, consider that your savings account and your huge factor in earning more down the road. I sure don't want to be the guy banking out and regretting it later.
Enjoy the excitement that HF19 provided but lets make sure we keep the Steemit dream alive for all.
Some great points made. I'm in it for the long term, so I'm not worried if there is a temporary contraction. Pull backs are natural parts of the market cycle and allow new money to enter in at cheaper prices while others sell off profits. This new hardfork will also encourage new people to join steem once they see that you don't have to be a "whale" to monetize your continent. I upvoted and resteemed.
I totally agree, pull backs in the market are healthy and show a true economy forming, and its is so great some equality has finally formed here where its limited within other coins. My basic view is to just stress we keep the long term in mind as we profit. I get not everyone is here for that but just kind of point out we must maintain to keep us profitable long term. I really appreciate the upvote and resteem, hope I come across with a message of positivity because its truly a moment everyone should celebrate
I'll be a long term holder with you. We are still in the early adoption phase in my opinion. I see no reason to cash out anytime soon.
I feel the very same way, we have a good jump start so we might as well bank back for when the mass crowds come in.
YES... This is a Very Important Post for everyone on STEEMiT --> from Whales to Minnows.
However, should the STEEM price go lower, it will give many minnows the opportunity to actually purchase STEEM and quickly acquire much more voting power.
It will certainly incentivize everyone here to reassess the truly incredible, long-term strength of the Steemit Community and the corresponding long-term value of STEEM, the currency.
...AND perhaps HF19 will encourage & motivate both minnows & dolphins to save up their STEEM Power rather than spend it elsewhere outside of the STEEMiT community.
ReSTEEMED... will UpVote after the 15 minute mark.
Thanks Again Steve 4 Your insights & wisdom...
I couldn't agree with you more. Don't get me wrong I see nothing but positive roads ahead now but I just concern with a mini sell off causing a huge correction to come that could take adjustment time. Either way the long term looks great now
I have always traded my steem dollars for Steem and then power it up ! I think all that cash out will regret it later .
Same here, I got bills and do send off only what is needed for the family, I am heavily though about to make sure I accumulate Steem Power. I look at it as savings, figure get so high up there that articles are my weekly paycheck and I have a back up for the future
I'm keeping all the steempower I get.
me too, as much as possible lol. I gotta help the parents still but I suspect now that is going to be much easier to do and adding steem power will long term help everyone
Agreed. I'm really excited.
Me too. I have sooooo much to learn.
'degressive votingpower' could be a solution. let me think about it... maybe i'm going to write an article about...
Write it up. Let me know when you have it done because I would love to see your concept on that
Always a wise word from @sflaherty! You've got my upvote! I'm the smallest minnow in the sea right now, likely along with some other small minnows who wanna bulk up. HF19 is the way to do so! I can't wait for my payouts to roll in so I can get some more steem power. I've only been here for 2 days, and I'm looking forward to the time (hopefully soon) when I can reward good posts with a weighty upvote. Pay it forward!
Your on the right path my friend, and don't worry it will add up fast and before you know it your minnow status will fast become a thing of the past. You got in here just at the right moment actually lol
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Mannnn, looks so good for everyone!
I know...lol...I am great today, but I am concerned after seeing the dump on Bittrex, I hope we maintain our prices and we let it grow
Who knows, let it drop so I can buy them all haha
lol you have the same mentality as myself lol. When I worked in PIVX we used to have a running joke that I was the guy catching all the coins when people dropped them over a red candle, i probably was lol
Thats how we do it :)
HF19 is a blessing to a lot of us, but i agree with you. We NEED to be responsible atleast until we understand the scope of this.
Exactly, get that money of course but with a wise play to keep the market alive. I love to keep it coming in long term but I seen on Bittrex its dumping like mad lol....just to kind of remind people the importance we protect this blessing for all.
This is a very important post.
As you say we all have to pay bills, there sure will be a period of adjustment but lets consider powering up some of our rewards at least each week so that we continue to stabilise the platform.
Exactly, we should really invest with the power given to us, cash out what we need but seriously maintain the future of Steemit. Hate to make the dev team regret the help they just gave lol
With great power comes great responsibility
Exactly, abusing it downfalls more than yourself I say
Great post, you exactly read my mind. That was the first thing I thought of.
Just a little reminder, we should enjoy this great moment with some responsible forward looking views in mind. I just hope this helps, don't want to tell anyone how to use their money but just kind of reminder to look around before we react lol
Well said.
thanks, really in this strange place of what in the hell do we all do lol. I think investing back into Steemit is best for all and the individual. But money is tight for some so I get why people may need to cash out some