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RE: Secrets to be successful in steemit. Carla Gonzalez.
Hey thanks! Yes, I remember when we just switched over to HF19, and suddenly I was able throw around $100 upvotes like confetti! Haha... maybe it was because something like the reward pool got reset when they did the HF which meant it was giving more than it should have done until the algorithm eventually equalised properly (or something). And, of course I'm into bitcoin, although actually not holding any at all right now :). if it hadn't been into bitcoin I wouldnt have been able to make the money I did this year through trading, or buy up all that steem that I did ;)
hahah I just imagined you sitting in a pool of dollar bills and making it rain! :P Silly silly.
Ahh so you traded all of your bitcoin for Steem? Do you think Steem will out perform Bitcoin? The new currency? My friend I mentioned earlier is a diehard bitcoin fan... he use to work for a bitcoin company. So I've continue to be a bitcoin loyalist via his advice. :)
Well the crazy thing with steem is that people can award out money but it's not actually their money that they are awarding out! if it was I don't think I'd be very generous at all ...haha ;)
I used to be a bit of a diehard bitcoin fan...but then along came ethereum which does completely amazing and different things .... then once you start to have more than one asset you like it's not much of a step to just evaluating each one on its merits. A key thing people recommend when trading shares is not to have 'favourite companies', because even if it's a great it can still be overpriced and thus means you arent making the best trading decisions.
I was really expecting steem to increase due to the new number of users....but somehow it's not happened yet. Really hoping it does have some effect soon!
LOL yes you have been really generous. I appreciate it. Look at that... Steemit is changing us for the better. :) It's like Christmas everyday. I sell handmade greeting cards at the local farmers market and whenever I print out a card, I feel like I'm printing out money. Hehe. Kind of like how it is when we upvote each other.
You are so logical. Yes it is wise to not have favorite companies. I think, I am just not well versed in trading to know what to really trade. It's pretty cool that you can make a living off of just trading and curating on Steemit.
Maybe Steem fell because everyone started to trade out when it hit $2.00. I remember when Bitcoin first came about it was up and down for a long time. I'm sure in the long hull you will get your return on investment.
It all comes down to supply and demand. An equilibrium will eventually be reached at some point (the historical chart of Litecoin is a great example of one that eventually came to its equilibrium point after a huge bubble, when it then flatlined for ages (until a new speculative bubble formed)).
And there are many factor which contribute to buying vs selling presure. On the sell side there is profit taking from the recent rise, lots whales that got in early that are constantly powering down for an easy income(!), witnesses paying for server costs, and users caching out because they view the platform only as a way to earn fiat money. On the buy side, it's basically users and investors who think the value of steem should grow if the whole ecosystem grows (so just like bitcoin for example, which has no intrinsic value). Only when these opposing forces balance will we reach a stable price! :)
ahh so you are on the buy side, waiting to see it grow! Just curious, how long have you been studying crypto currency, you seem to follow a lot of trends. Do you think what happen to Litecoin would likely happen to Steem?
I'm trying to be professional trader (well, it's easier now as im able to do this full time), so I have some long term holdings (mostly STEEM POWER, but also a few other tokens), and then I have my trading account. In my trading account I've been completely in fiat (e.g. USD) from a few weeks ago. But I'm always Looking for a good time to buy in and make a quick profit and then get out again ;) (did this with ETH today actually!), but if I believe the market is starting on a long term up-trend again I'll want to convert a lot of that fiat back into BTC/ETH/.. and hold that longer term.
Litecoin: well, it's a completely different thing from steem. It's a clone of bitcoin, but has some advantages over it right now. Probably you'd need to do some research on it....it's would take quite long to go into all the technical details here ;)
That's pretty cool. I've always wanted to have the ability to 1. work for myself and 2. work from home. That's why I got pretty excited when I discovered Steemit, because I think this platform can help me achieve my goal. I also have my own business selling a coloring book I published, paintings, and greeting cards and such.
I'm interested in learning more about crypto currency and trading because that too could help me achieve my ultimate goal. The dream would be to have the ability to travel and work all in one. :)
Perhaps, but it's difficult to know...it worked for me, but I just happened to be at the right place at the right time, you could say. Although I did wait patiently for around three years from the end of the last bubble...and I don't think many people really believed it would explode again this quickly (even though many people would say they believed it would explode), myself included.