Steemit is my Saviour! My in& out, and then back into Crypto Story #422
We can all see that the crypto market has took a bad beating today. A few people in work were asking me what to do like i no whats gonna happen, lol. To me, it looks like the past week was a bounce and we are headed for a crypto bear market for a few months. This is just my guess and i do not use the word guess lightly. I had my game plan to get a certain number of certain coins and im still working on that. You might think great time to buy but when i pay for everything in Steem and steem has gone down with the rest of market, it's the same as before. Here's how i got in and out and back into crypto's and how i build a small portfolio from steemit.
Bought my first BTC in Aug 2013. I was almost 29 and thought it was time to start saving a small pension. BTC looked good to me, i am young so can take risks with investments and i bought up a total of 8 BTC's in the few months before mtGox went busto and lost all my BTC. After that, i lost faith and started to stack silver. I know i would have made alot more if i had continued to buy BTC but stacking silver has taught me some discipline's i can cash in on now with a crypto strategy. I have learnt to save more consistently and buy whether the price is high are low without a second thought are a care if i could get it cheaper tomorrow.
I was searching for alternative to youtube and came across Steemit. The idea seemed funky to me but i signed up and gave it a go. I invested around £320 to put into SP and went from there. The only other time i have deposited from the bank was to do a $2000 loan on bitconnect. I have withdrawn my money from both and im playing with house money now. I used half my bitconnect money to buy silver and the othe half to buy cryptos. On steemit, i built my account solidly for 6 months. I posted everyday, i used all my SBD for upvoting bots, tried curation never took a penny out until Nov 2017. We were getting a crazy 7 Steem for 1 SBD and then Steem mooned to almost $7+. My posts were making loads because i had built it up my account. Even when SBD was going from $1 to over $10, i was still spending most of mine on upvoting bots and getting really good returns because everyone else was converting into Steem for the great rates.
By the end of Nov i had built up a few hundred steem and it was time to get paid. I want on a spending spree of about 350 Steem in 2 days. But i get loadsa cool shit. First off paid 50 for Stax silver membership, then won a contest to have my membership upgraded to gold later that month. Then i bought some Litecoin, EOS, Neo, Dash, Tron, verge and fun tokens. I bought them all on Binance and withdrew them all on the same night to my desktops wallets. No chance after mtGox do coins stay on exchanges. Fool me once and you know the rest....
Dec was pretty much a repeat of Nov. I split my SBD earned from posts 50/50 with converting to Steem through blocktrades and using the other half for upvoting bots. I ended that month with around 270 Steem. The first 100 goes to Stax for gold membership and then the rest was used to get some Bitclave, Kucoins, more EOS and a single Neo for my staking wallet. I do have bits and pieces of other coins/tokens but under $50. I do not try to time my crypto buys, i buy at the end of the month whatever the price is. I get what i need and wait until the next month. Pretty much everything right now with the exception of Tron is losing money. Eos and Fun are almost break even but the rest are 25+% down. Good thing it only cost me the time to write about silver on steemit which i enjoy doing anyways.
Because i think the price of steem might drop off alittle more are go sideways, i am back into building account mode. I have plans to buy a few EOS and bitclave at this end of this month but only spending maybe $250-300. So starting March, i will be in full building account mode waiting for the next bull run to cash in. I will buy a little here and there but not like the past few months. I think i might try out the saving account in your steemit wallet for Steem. I really like having Stax gold membership and i worry if the SBD to Steem ratio goes very south and it could be hard to get the 100 Steem needed. The idea would be to add maybe 10-20 Steem a month into this saving's account as a safety net. I have lots of ideas and limited time. Steemit for me has turned from a good time waster fuck about into a something i view as a great pension pot builder. Even if Steemit fades away in a few years, we will see it coming and power down. I think the community will only grow so i have plans for Steemit. I gonna push myself and aim to have 2000 SP by Dec 31st 2018. 2500 would be even better and could delegate it all to Stax but that might to be not doable.
As for the crypto's i own now, im gonna grab my balls, squeeze tight and HODL while hoping i picked the right coins/tokens for the next bull rush to 1 trillion total market cap!
Some of my Recent Posts
*** #SteemSilverGold Membership and Voting List UPDATES***
------- Reevaluating your Silver Stack ------
** Silver PORN silver Unboxing Post **
------ #steemsilvergold Feb crypto group buy - Biclave ------
Any questions, comment below are ask. If you enjoyed the post, please dont forget to upvote this and follow me @silverstackeruk
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We hope that this project will develop
The seeds are planted, i guess we wait to see what it turns into
Thanks for commenting and checking out my post. 😎
It is amazing the quantity of things that I ignore! This post opened my eyes to a new world and the answer that you did to @silverd510 was also very useful. Thanks.
Yeah, i had just smoked a joint before i answered back to him, haha
Steemit has opened up a new world to a bunch of new people who would never have been into crypto otherwise. Build your account while to price of steem is low and when the price is high are the SBD conversion rate goes koko again, exchange your steem into stuff you want to hodl using blocktrades. I do posts like this anytime i buy other cryptos so you will see. And i do a crypto group buy every month as well, next one will begin march 13th.
Grab ur balls and HODL.. lol.. we will all be happy by the end of the year.. dont worry bout the swings just keep doing what ur doing my friend, the people who have faith in the market will be the ones who get rewarded, just make sure to take some gains when the next huge bull run comes along so u can buy back in on the bear market that always follows the bull.. we are the innovators and the early adopters are up next, its gonna be one hell of a ride!
Thanks man. I’m kinda learning by fire. First every social media platform and on top of that first dealing with crypto as well....CHEERS
I think thats how most of us learn here in the cryptoverse.. 😉 cheers
Im hoping so my friend.
I got some silver with gains but im never selling that to put back into crypto's. Next time round, we should be a prepared. Theres a big difference in reading about investment cycles and taking part in them. lol
Great comment dude
Quite a portfolio you got there. I personally HOLD only BTC ( small amount but if it rockets like it did then we gonna profit good ) . In terms of SBD and Steem I am trying to build some more SP in my wallet since that would definitely make the value of my upvote higher. It's nice knowing that there are people like you that love stacking and cryptocurrencies in general.
Thank you for contributing to the Steemit Community.Keep up the great work and I'm looking forward to your next posts.
Thanks for the nice comment buddy.
I try to hold BTC and ETH but always spend it for something else, haha
No one knows for sure. But my prediction is as good as the next. I think crypto turns bull during March.
I hope your right, another bull run would be the tits right now.
That’s a whole lot of information that me being New is having a hard time grasping. Gonna have to do some research. My wallet is lint and I’d like to figure out how to make it grow. Thanks for the post it was very informative
Make lots of posts. I made around 2 posts min and sometime 3-4 posts in one day. I need a daily silver meme post were i made 6 memes and wrote really notes under them. Then i did 1-2 posts about silver, group related, ideas, whatever i could think of. I used all the SBD to buy upvotes from bot accounts. This boosted my earnings on each post and gave me more SBD to get better earning on posts and then it snowballs.
You have to be consistent with posting. Now i post once are twice a day and more at the weekends but most of the earning from my posts are from voting bots. My advice to you would be to make a bunch posts and build up as much STEEM as you can by feb 28th and get the best membership you can with Stax. If you could get 5 Steem for Lead membership, you would receive like 0.6 SBD for one post each day. After every is paid that would be around 7.4 SBD and 1.85ish SP per month. I would assume you could gather another 2.6 Steem for Copper membership in April. Rise and repeat and aim for Nickle membership in June.
I have been grinding it for 7 months and my first 5 were without Stax. From the membership tiers have been introduced, we have been spoiled rotten. You have an easy path to follow. Post good content to get followers, post consistently, interact with others, save enough steem from the start of the month to feed Stax and spend the rest on upvoting your posts using bots. Climb Stax membership until to hit gold in 3-5 months. By then, you'll know your own path :D
http://steem.supply/ Click here, its a good place to see what you are earning from your posts and this gives you the info you need to guess how much you can spent on upvotes while saving enough for Stax.
Thank you so much for that great information. I’m trying to get enough in my wallet to do it. I have another question. Since Bittrex isn’t accepting new applications who else is there to use that handles steem conversions?
block trades buddy.
You could always short cut and buy some Steem with BTC. i think around $100 would get you nickle membership for a vote of around 1.9 sbd for one post a day for a month.
I forget to mention, if you use Stax, you need to make a 100% upvote on all that account's posts. It posts once a day.
And also, Stax is @silvergoldbotty - Stax is the nickname we picked