Last time I asked this question I believe we were around the 25 cent prices and we noticed then how quickly we lost the opportunity to buy Steem at the same prices again. Crypto markets are fast and ruthless, we saw what happened last night as well when the news broke out that Bitfinex may have been using Tether to cover losses, Bitcoin went from a stable $5500 to $5000 in a matter of minutes. Open markets allowing anyone in the world to trade and interconnected to each other are something that have not existed before in the same way, it is going to get interesting and we have some wild rides ahead of us in the near future.

Even though I've had to sell some Steem lately I've been trying to make the most out of these dips and purchase when these occur, if anything you can make a quick profit when the correction occurs but if you are looking to hold on for the long term and then buying at the dips is your best shot. If we were to say that when Steem was at 20-25c in early 2019 and that was the lowest it will ever be, then having purchased, powered up and delegated to a project or dapp for returns is going to beat any other timeline. Even if it were to go down to 20c in the near future, the first 20c will have been way more profitable for holders and powered up accounts. I like that aspect of Steem as it incentivizes holders and people using their stake more than traders keeping it on exchanges looking to make a short to medium term profit, not that it's impossible but we as holders would still outperform them.

So seeing this recent Bitcoin crash due to the news which brought down most of the market and Steem included, are you buying at this point? There's a cool contest I noticed @streetstyle hosting called #spud which stands for Steem Power Up Day and it happens in a few days, would be interesting to see how much we could manage to power up or more importantly, how many accounts would be powering up on the same day. You should check it out. :)