How Would You Handle It When Steem/SBD Token Price Is Depreciating?

in #steempress2 years ago
This weeks topic for @legendchew's Exclusive Blogging Course Giveaway Contest and one that I am once again participating is:

How Would You Handle It When Steem/SBD Token Price Is Depreciating?

 


Image Source

Truth be told, I was actually planning on skipping this weeks topic as I don't know how to answer this very question. I was thinking of a decent answer during the weekends that would satisfy chewy and everyone but I just can't think of any. So apologies in advance! But seeing as there are only a few entries, might as well try :)

I joined this platform when the price of Steem/SBD was at it's peak. That was around $7-$9 by the end of December 2017. I honestly thought that this platform would be my gateway in officially becoming a millionaire in my country. I mean 1 STEEM/SBD back then is valued at $7. With my current natural SP and liquid STEEM combined: 810 STEEM would be worth $5670 or around P283,500 in my countries currency. I would now be at least 1/4th a millionaire just by posting random personal rants on the internet. How cool would that be if it didn't crash this low right?


Image Source

So I have been on this platform for over 7 months now and the price of Steem slowly went downhill to now below a dollar. It was honestly disappointing and heartbreaking, but how did I handle it back then? Why am I still here? Posting.. Browsing.. Reading other people's stuff.. Engaging with others.. Making this post...

Because I enjoy being in here regardless of the money I earn. What makes me probably different from other people on this platform and the main reason why I'm not very much affected about the significant price drop of Steem and SBD is that I still haven't invested real money on Steem. Still nothing at all.

It would honestly be an issue if I had invested some money on the platform. I would have reacted differently. I would immediately cash out all my Steem just to save what little investment I did. If I bought Steem at $7 and days after it went to $5 without any signs of going up then I would have immediately right on the bat power down.

I know this might sound a little different from what I always say on my personal rants. While I still do believe on the potentials of what this blockchain can do and what it will become in the future but when real money is involved, I just can't risk it for something I have little to no experience about. As some of you already know, I am a complete newbie to this whole crypto thing before I joined this platform. 45 words to go. Lol


Image Source

Going back to the original question at hand:

How Would You Handle It When Steem/SBD Token Price Is Depreciating?

I would probably just do what I have been constantly doing for the past 7 months and that's continue posting, commenting and interacting with others regardless of the price of Steem and SBD. Sure it's disappointing if you are solely in here for the money, but if you truly believe on the potential of what this blockchain can do then just stick with it cause it really might pay off in the future. Surely not now or even next month, but "maybe" it will in the future. :)

As long as what I am getting out of this platform are free money and I am not losing any money from investing, then I would handle all this depressing things in a pretty cool way. If you just look at it that way then you will surely have no time to complain nor be afraid if Steem went back to even $0.5. Hodl people! And just focus on powering up your account and growing your follower base as much as you can. Maybe it will payoff in the future and maybe it will not. Who knows! It's still better than not trying and no outlet to enjoy yourself at all. :)

HODL!!!



Image Source



Posted from my blog with SteemPress : http://jlordc.vornix.blog/2018/08/13/how-would-you-handle-it-when-steem-sbd-token-price-is-depreciating/
Sort:  

Thats right, buddy.. and the most important thing , the less value the STEEM has, the more SP and STEEM you earn, so, the bearish market is for us, people looking at the future, seeking for building something valuable in the long run. Cheers.

Yep! Acquire SP as much as you can before the market starts to recover. :)

Posted using Partiko Android

Congratulations @jlordc! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

You published a post every day of the week

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Hi @jlordc, thank you for your participation in the "Exclusive Blogging Course Giveaway Contest".

YOU JUST GOT UPVOTED

Congratulations,
you just received a 18.42% upvote from @steemhq - Community Bot!

Wanna join and receive free upvotes yourself?
Vote for steemhq.witness on Steemit or directly on SteemConnect and join the Community Witness.

This service was brought to you by SteemHQ.com

I think the reason there are fewer contestants this time is because as things stand, sbd won't be paid out.

I read that someone is sponsoring sbi shares though.

Posted using Partiko Android

Woah! Yeah totally forgot about the whole 0% SBD printing rate right now

Posted using Partiko Android

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by jlordc from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Congratulations! This post has been upvoted from the communal account, @Steemjetceleb by using steemjet tag. Get 100% by using #steemjetceleb tag ✌
Follow @steemjetceleb account to get update about the upcoming contest.

Coin Marketplace

STEEM 0.22
TRX 0.02
BTC 11672.63
ETH 390.34
SBD 1.05