Bitcoin tops $4000 USD and STEEM almost dips back to $1 USD!
Such was the situation yesterday, so how do you react? First of all, I was surprised that people were still selling off their STEEM for just above $1.00 USD each. I know that there are no guarantees, but still!
Recently, I had begun to diversify my crypto portfolio, I had picked up a wide variety of altcoins. Now though, I don’t hold any anymore, except for those that are collectively worth less than the minimum about to trade. Yesterday, I had over thirty different alt-coins in my digital possession. Today, I mostly have only one.
WHAT HAPPENED?
What happened was simple, I chose to bet on the horse that I think will win. BTC is still basically rising and in my amateur opinion probably will continue. However, BTC is not the horse that I bet on.
Yesterday I sold off all of my altcoins and bought STEEM! Yes, that wonderful digital currency of my people here on steemit. I even transferred out some extra SBD that I had laying around and bought STEEM with that too.
WHY?
I believe that there are those within our community and in the crypto world at large who see STEEM as a rising star. These are those with money to spare and money to invest, and at times like this is when they acquire more. They are not your average steemian.
The way I see it, your average steemian is trying to make a few bucks. Therefore, if they get a payout of a few STEEM, and STEEM is worth about a buck, selling their STEEM will allow them to make a few bucks. Sure, this validates the authenticity of our currency and people need to see and understand that it is indeed “real” and can be used. Basically, the post payouts on steemit put a lot of STEEM into the hands of a lot of people who have no interest in holding it long-term or even waiting for the value of STEEM to double prior to selling it.
Hopefully the vast majority of steemians have “real jobs” and I believe that this is the case. Still, far too often far too many of us live paycheck to paycheck and manage to spend all that we earn, or even spend more that we earn. This entices many to cash out and catch up, or to finally get ahead.
Since STEEM and steemit are still relatively new, I do not believe that the true growth of the platform or the true growth of the value of STEEM has really begun. In my opinion, we are still at the stage where massive amounts are being transferred into strong hands.
These strong hands are the hands of investors and others who are comfortable at purchasing STEEM for a buck or two and holding it long term. Since they have enough money from elsewhere to take care of their needs, they are not desperate and have no pressure to sell their STEEM cheap.
In these volatile times on the crypto market, it is crucial to be able to afford to wait, and not to feel a need to sell. For @papa-pepper, when I saw that STEEM was momentarily hovering at just over $1.00 USD, I knew that it was time for me to buy!
WHY STEEM?
Opinions vary and I have no background in any of this, but for me, STEEM is still bullish and I don’t want to miss the STEEM-Train. Just like when I kept posting solid content back when STEEM was worth only about 10 cents, I felt yesterday that it was once again time to load up.
Many cryptos out there are just “many cryptos out there.” STEEM though is revolutionary, because of its ties to the platform steemit. It is not only drawing many users into the crypto scene, it is giving them a reason to stay!
For @papa-pepper, I believe in steemit and STEEM enough to feel comfortable selling all my other alt-coins to grab a pile of STEEM for just over $1.00. I do not believe that STEEM will succeed because we really need another alt-coin out there. There seems to be enough already. I think that it will succeed because it cannot be divorced from all that steemit already is and all that it is becoming.
Personally, I am here to make steemit all that it can be and to encourage all of you to do the same. Without a doubt, I have never seen anything like steemit in all of my years and I am blown away to be able to be a part of it.
DISCLAIMER : This is just a true story about recent activities of @papa-pepper, who has no background in cryptocurrency, only a future, and should not be seen as financial, legal, dietary, or medical advice.
As always, I'm @papa-pepper and here's the proof:
proof-of-papa-thinking-that-steem-is-bullish-and-that-it-may-be-time-to-grab-the-bull-by-the-horns
Until next time…
Don’t waste your time online, invest it with steemit.com
A market is a market because of whatever price the buyer is willing to buy it and the seller is willing to see it.
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That's awesome. I've started consolidating, but don't have the juevos to put all my crypto in Steem. I'm invested in 15 - 20 alts and would like to get that down to 5 - 10. I wish everyone who has been doing this though the best of luck with your crypto investment!
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I think that getting it down to a few altcoins that you believe in is a good idea. Also, you made a real comment pertaining to my post, so I am giving you a 100% UPVOTE!
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Thanks man! I agree with your strategy. I’m mostly invested in Bitcoin, then I have the rest in Ether, Dash, Monero, ZCash, Bitcoin Cash and STEEM (the latter one I acquire through blogging, not by buying for fiat). I am happy with my basket, altough I am thinking about investing in ICONOMI’s index – I like their basket of cryptos too.
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Thank you, your post is very inspiring. I'm still so new at this and wondering if it's a worthwhile endeavor.
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You can at least invest your time right now.
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I'm currently living from month to month, always in my overdraft, but i'm still not selling my steem because I believe the future is looking really promising, and hopefully will help create a better future for me and my family. HOLD STRONG!
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I was like you living on overdraft 2 years ago until I got in to crypto, now my life has changed and I don't need to work any more!
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Very great attitude.
I'll hit you with a bit of an upvote to help make that future a reality! Great job on the song too, it was a great win!
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Thanks papa-pepper. Right back at ya with my powerful .09 upvote. :D
Thanks for choosing my song and the 50Steem prize. I immediately converted it to Steem power! Hoping that writing that song will one day be worth thousands ha
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Following suit brother I will seel all my alts for steem I understand the vision @papa-pepper
puvoted & resteemed
You the man papa way to lead by example!
Best,
Isaac
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Thanks!
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The people who are selling there steem now are panic selling. Its the main rule in trading you should never break. Selling out of fear on the very bottom. I'm glad to hear that an important member of our community @papa-pepper is investing in steem. Hopefully others will follow! ;)
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My knowledge in the crypto world is fairly minimal, but due to everything I had been hearing about it, I knew I needed to get my feet wet. I think STEEM is much more of a revolutionary currency, and like you, I have put all my crypto "eggs" in this virtual "basket". When a friend began to talk to me about the community, and described to me what this actually was, I knew I needed to be involved! I hope we are right, and I honestly can't see it going any other way.
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It is an amazing community to be sure!
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I have a few altcoins, coming from the faucet which I earn by doing some small task such as visiting website. I earn few satoshi and litoshi and thousand doge which I use to buy some sbd on blocktrades.us.
To be honest, I never heard about steemit before no word of mouth telling about steemit and steem, no one care anounce a news about this good system. In fact, I am new here just three days old.
What brings me here is the despiration and being bored doing the same in the faucet website with little gain. Upon searching top 20 alt-coins then I found steem on the rank 17. Read all the white paper on each coins and only get my full attention. So I stumble upon the website steem.io looking for link join or register but I see none.
Everyday in the span of 2 weeks I search on google about steem and all feedback are good and still trying to locate the join or signup link on steem.io but still. There are time I lossing hope that time. Until lastweek, I view the facebook ads about steemit.com which is connected to steem. So I signup but it takes maybe 12 hours before I get approve and here I am now very thank full to be a part of steem network and steemit.
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At least your diligence had paid off and you have made it.
Perhaps as you learn and grow you can make sure that others actually do hear about it from word of mouth.
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meep
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thanks @papa-pepper, and looking forward to that.
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Good choice!
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Thanks!
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I powered up myself a couple of days ago, I also a few weeks ago got myself some iota which is doing very well, but no I can't understand why people are selling steem at that price?
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Yeah, I couldn't understand it when people were selling it for a dime either. The vast majority of my sales have been SBD, because if lacks the potential for growth that STEEM has.
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Good article! I've been also thinking if I should invest into steem. I'm quite new here, but I like the idea and even if steem does not move anywhere I make money just by being active here, so that's a plus.
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Even without investing money, time and energy can be invested in an incredible way, do that is a huge plus.
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big horns!
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The bovine or STEEM?
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well... both :)
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I started steemit as a way to distract myself during crypto- bloodbaths and as an investment. To my great pleasure I found that steemit inspired me to start writing which I always wanted to try. Getting out and foraging is easier now that I have double motivation too.
HODLing steempower!
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Very cool! It is a nice outlet for our creative hobbies!
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So true I always urge people with true creative talent( and dabblers like me) to join steemit and why not they are usually doing it for free on other social media
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There are worse things to put your hard earned money in. Also better. Personally I bet most on bitshares.
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Good luck to you! I like to diversify, but it can be hard when you have such a conviction in a crypto!
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Steemit is what is right about blockchain technology. Decentralized and profits going to those that earn it. There are many more revolutionary ideas using blockchain tech and for anybody missing out, this is like the dot com years in Silicon Valley but accessible to the entire world... CRAZY!!!
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I am all-in for steem. I suggest everyone listen to @papa-pepper and follow his lead. Steem has been worth up to $4 in the past and there is no reason it wont be worth more as SteemIt grows. We are adding thousands of people a day so just imagine. Yeah its down right now but we are still in summer months. Buy or trade now whole BTC is high and steem is low and get a lot of your money. Think of it this way. It wouldn't take much for steem to double or triple but BTC wont double or triple anytime soon. Start trading, invest in Steem!!!
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Right, that's the way I look at it.
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My biggest concern would be new competition that r in the works!!!
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great post brother!
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Thank you @yahyaoa!
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Don't you think another social media crypto could come along, do the same thing as Steemit but possibly better, and steal it's thunder? Just like how MSN won over ICQ, and Facebook over Myspace?
I feel like Steemit needs a lot of improvements in order to secure it's place as the winner in the social media cryptorace (Steemit was the first but will not be the last)
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It's a good point, but it'd start out 300,000 users behind the front-runner. It would have to be pretty incredible.
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Dunno if it needs to be incredible, perhaps 'more profitable' is all that it needs to be. After all, people come to Steemit for the rewards initially. If the rewards are better elsewhere, then who knows. At this point we're willing to put up with Steemit even though as a social media platform it's nowhere near as good as non-paying ones. Steemit's success hinges on the rewards it gives out.
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Let me know when it exists, and we will see. I'm not completely sure that I want to open that @pandorasbox... if you know what I mean.
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I've had the same thought. All that has to happen is for Zuckerberg to make a blockchain and transfer over Facebook users. He could even copy all design aspects of steemit, so it's the same with more users.
As a skeptic, what do you think about DPOS consensus?
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Such a good quality post.
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Really helpful post, ss a beginner i learn a lot from this
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Steem and bitcoin are opposite as one is inflationary and other is deflationary respectively. I like deflationary nature of bitcoin. About steem i like the platform it has provided which is steemit and the potential it has to grow. So i would suggest to build a portfolio containing both cryptocurrencies
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This comment has received a 0.28 % upvote from @drotto thanks to: @scorpionking.
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I appreciate the quality of your posts. I am new to the crypto world. I own some btc and a few altcoins. I am also excited to not just be a part of steemit but to be a part of the new gold rush. Sure not everyone will strike it rich, but I think you are about to see a generation of high school dropouts make millions.
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Cool, and i am glad that you jumped on my STEEM-Pocalypse game opportunity. FYI - on that game teams have not been formed yet. Soon enough, for those who live.
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Steem is a rising star !
We should invest on it with faith.
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@papa-pepper is legend! One of my strategies is to gauge by the number of negative posts. Some of them are valid but as the price goes down and those increase I know the price will get sweeter for me! Hhehehehe. I have to wait to make a bigger move here.
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This post recieved a vote from @minnowpond1. For more information click <a href='https://steemit.com/steemit/@minnowpond/boost-your-rewards-with-minnowpond%22%3EHere'
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LOL - Be smart about it. I think that the posts are a great way to gauge come things about the overall vibe of the community as it pertains to potential of STEEM. Can't wait to get out there by you sometime!
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That would be awesome! There are so many things to explore out here and so much interesting wild life. Right now I'm in the middle of a big rehab project. Removing popcorn ceilings today. But if you were wanting to do a road trip this way I could certainly accommodate you. Somehow some way!
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People loss their patience in steem due to consolidation and not moving to highier levels, i am also thinking steem will not dip below 1$. Bitcoin is in full swing and not taking other coins with it.
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We will see, but this may be the new low for STEEM.
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You sell you loose.
Diversify is the key.
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wow! I have the feeling I would do the same (selling all my altcoins and get just steemit) I except I'm having the hardest time understanding steemit! I've been here for a while, haven't invested any of my own money. I know is good and it will be even better, but for some reason I can't complete understand how it works! do you have any suggestions of where I can get the whole picture? thanks.B
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I am not sure what parts you are missing, so hard to know where to start.
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steem will go at least 10x soon
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upvoted and followed you, if you like fitness please follow me
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Hi,
I think you are going right, even I would buy steem if I had money surplus, but this is the unfortunate time of the year for me. I am new here, and I have a small doubt, if you would like to answer.
Does the amount of steem power has an equivalent value of same amount of steem? I see that my estimated account value fluctuates and therefore I guess the answer is 'yes' but I want to confirm it from someone who really knows.
One more question about Steem Dollar(SBD). Is SBD a totally different cryptocurrency from Steem? Reason I am asking is that they have different value in dollars, and also the coinmarket cap or other exchanges show them differently. So are there values affected by each other's values or not?
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Yes, the total account value is based on a 7 day average of the value of STEEM and views SBD as always $1 - last I knew.
SBD is a different crytpo that STEEM.
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Ok, thanks a lot.:)
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👍👍👍🐃🐂😃😃😃😃
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Still new in the family,,, WOW what a ride...
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Agreed. Steemit will inevitable be a success. I have no hurry for the Steem price to increase. I like buying valuable items at low prices.
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I like buying valuable things at low prices too!
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I am sure the steem wilk be rise to 5 $ soon
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upvoted and followed you, if you like fitness please follow me
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This spamming, please stop it.
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Good read, I am thinking of following your advice. Thanx.
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Fluctuations should not be the grounds for panic. The future belongs to the calculated Risk takers, Not the Comfort seekers. Sometimes what you're looking for comes when you're not looking at all. Steemit has come to stay irrespective of what happened yesterday or today. Great Steemians Great.
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Very, very well said @jyzaza!
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informative post thanks for sharing!
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i', as excited to see these type of posts that bitcoin is going upward its great,
but on the other hand there are some really ned=edy people who want these money and who want help , im feeling so much shame to text here but im helpless dont take it wrong but this is not our mistake that we born in poor families , today some one is dying and she needs help .
plz read this post of me im collecting money for her treatment and your single vote can save her life plz help her by read this post
https://steemit.com/help/@enigmakomi/request-to-all-upvote-this-post-for-this-girlfor-her-cancer-treatment-for-her-life-for-her-future-this-post-is-for-her-help
plz dont take it wrong , we are helpless and some times it better to ask help although my way of requesting is wrong but im helpless plz share this post an support me and my loved one , she needs your help. may you and your family live in peace, your little help can save her life.
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I had the absolutely same thought as you! LOL
Bitcoin has gone up, Steem has gone down, 1+1 is 2
I could not hold myself, I did not buy everything I had on Steem as it might fall, and I hope it does because I will start buying and powering up on a weekly basis, so more Steem to me.
I even wrote a (much) shorter Story than yours about my thoughts on why it took me almost 1 year between registering into Steemit and buying my first batch of Steem.
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Nice move @papa-pepper, STEEM is definitely going places. I stil like holding my altcoins though. Not because it's a diversified portfolio but because it makes me feel like I'm a part of all these blockchain projects. I invest in the altcoins whose products I intend to use like NEO, PAY, MYST, etc.
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Hodl your NEO, allow the weak hands to sell :)
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Been holding since Antshares :)
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You must be 500%+ up now. Sweet!
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Yeah but I'm just a college student so objectively I didn't make that much. But percentage wise it felt great :)
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Yeah that feeling is awesome
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Just like you, a few weeks back I sold every altcoin and picked up 100 more steem, even at $1.37. Too bad I didn't wait a little longer, but I still believe that's a good price. In a way it'd be nice if it went back down to .10 cents for a day so we could load up and maybe reward pool rapers would leave, lol.
Steem to the moon!
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If it dropped that low again I would be piling on!
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BTC will be the common ground between the world's fiats and the world's alts.
Steemit is a way to get into crypto without coughing up fiat.
I happily hodl BTC and SP, and nothing else (Except some BCC, apparently, but that just happened without me)
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Right that whole BCC thing was pretty interesting!
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I'm holding bitcoin now, but thinking of cashing out in a week or so. I think its likely to reach $5,000 in the next few days... we shall see!
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I have had Steem from its rises to its falls and still decided to keep it and will keep until I see it above $2 and I have hope . I didn't go crazy like a lot of people and go after BTC , I waited patiently. And patience shall be rewarded
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I think that your patience will be rewarded too!
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great post
i will follow your account to see how are you doing;) please follow me
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upvoted and followed you, if you like fitness please follow me
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So that's why steem is up today....@papa-pepper went all in! 🤗
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LOL! I may had a small effect on something, LOL!
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great work
upvoted
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I was just thinking of selling some Steem for BTC the other night but didn't
I figure Steem has a much potential as BTC once there's greater adoption and holders of the currency trading it for high prices.
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Right! In my mind, STEEM is like Silver and BTC is like Gold. Sure one is more valuable, but the other has a greater potential for growth.
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This is a golden opportunity to buy steem because soon it will be on the uptrend
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Good suggest thanks @fkofficials
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Money wise how did you do selling the alts. Lose or Win. Nice article.
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Mostly I at least got out of it what I put in, a few were higher and some lower.
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FULL STEEM AHEAD...Get on the train or get left behind!
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FULL STEEM AHEAD!
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What is this thing i hear about 100% inflation every year. Can someone explain it to me. 1 steem 1 year later is only worth the half a year later?
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The balls on you! I also invest in steem. Hope we are doing the right thing...
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I believe in steemit, what can I say?
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Excellent article! Thank you for the insight and 👍 With Steem. I'm going the route of making what the posts make. I don't plan on investing in other cryptos just because I haven't had time to research it all. But it's good to know that we are still in the early adopter phase.. I'm looking forward to the future!
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I think that we are still in an early adopter stage.
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I too have a portfolio of alt-coins, worth about $100 a this stage, all from money made on Steemit.
In the future I'll be taking some SBD out and buying more currencies. Why? because it's fun and free.
One of the stated goals of Steemit was to get people interested in alt coins, and for me it has sparked an interest.
I view Steemit, not only as a blogging platform to have fun, meet cool people and inflict my writing on an unsuspecting population, but also as a place where I can get some 'play money' to delve into the crypto world.
I totally agree that the best days of Steemit and STEEM are ahead of us, an I'm really glad I got here early. In a way I'm also glad i missed the first big spike of huge payouts. If I was getting over $1000 a post early on, I'd be really disappointed at getting $1 per post now.
But since I didn't have that experience, $1 per post is not so bad really.
All I need to do now is find the time to actually write some more content to put up ;-)
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I would have no interest in altcoins or bitcoin without steemit getting me here. I've known the lows and the highs on this platform, but it all adds up!
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I really like that you're putting your money where you mouth is...so to speak.
I'm one of those living cheque to cheque so I find it difficult to put anything aside to buy Steem.
My intention is to continue gather what I can within the platform and continue to power up. It's a slow process...but always a positive one.
Keep on Steem'n on!
logyx
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That is what I like best about steemit. We now have a way to earn crypto without buying it or mining it.
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Yup...sewing text in fertile ground. };-)>
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Maybe it will be so - Steem will grow. Only in my opinion this will start together with the growth of other altcoins. When the new grow etherium begins, then it will grow steem.
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I am mostly on Steem. I have a couple other little investments, but, they aren't long term like Steem. I know that this platform has not reached it's full potential yet and I am loving the ride so far.
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I am loving this ride too!
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I'm newbie to all this crypyo world and this is the first I've ever signed up for so it is very encouraging to hear someone whos been around and knows whats happening giving it the thumbs up. Thank you sir.
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Ha these appear to be the thoughts of a wiseman ;)
I believe you nailed it with this little summary:
I whole heartily agree. Couldn't say it better myself my friend & I know that there are a lot of Steemians who I've had the pleasure of interacting with that appear to be thinking and doing along these same lines.
Just picked up some Steem yesterday too!
I mean, the more one tries to add value to Steemit & the community, the more it tends to benefit them personally and thus their peers too.
The whole Steemit Concept is pretty distinctive and seems like it has a huge potential. I'm a majority invested in 2 things. Steem and BTC. Everything else is for fun and to feed my gambling addiction lol no more proline !!!!
Steemit is also a place where someone who knows nothing about cryptos (as i once knew nothing) can come to learn about this world and find knowledge and practice using blockchain tech etc. All the while, while practicing their own respective crafts, making connections with likeminded and also unlike-minded people from around the world.. Oh and did I forget while investing in both themselves and also in the cutting edge technologies of the the future monetary systems.
I mean jeezus, does the opportunity get much better than that...?
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Very, very well said there. I knew nothing either not all that long ago, and what a great outlet for creativity and interaction!
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Thank you for posting this i am a newbie when it comes to crypto currency, But hopefully with time i will get better
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I also don't get why they are selling them that cheap... I'm telling you it will go up to 5 or even higher
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Not sure, but if they want to, I'll buy it!
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What a great break down of the two sides of Steemit, I've been thinking about this in the last week, but are their three sides, there are the people on the platform that are here for the community then some to make a few extra bucks and that's really it, then you have the ones that truly believe in steem that are apart of the community and buy more as support, then maybe a forth that could be tied into the few extra bucks is the traders, that buy and flip, or they brought and hold but don't really know what steem is really about.
How one views the Steemit platform may come down to them or to more knowledge being attained.
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Interesting. I sure was not trying to be exhaustive in my evaluation of steem-holders, but I like what you have shared there.
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Which platform is it so low on? I have SBD on the steem internal market with buys set up at 1.10, but it didn't fall so low there.
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STEEM, not SBD, and I am talking about on bittrex.
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Right, I mean, I'm trying to buy STEEM cheap with SBD, but got it!
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yeah you are right . steem is undervalued. but it will boom soon. yeah it is better idea instead of holding long alt coins.
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I'm new to all this and you seemed to have done what I wish I had done with Bitcoin about 9 yrts ago. Thank You!
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Dang that is epic I still have a real issue going all in on steem but i'm stocking up for sure. Goal is to hit 2,500 steem power by months end! I believe you made a smart move and will continue to reap the rewards for years to come.
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That last picture says it all. I like the idea of selling the coins to buy steem. I have some whaleshares i am debating selling.
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I am happy that steem is low so I can get more steem in payouts
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Very well said! I just got approved on Steemit yesterday and I'm really excited to see this community realize its potential and hope to play as much of a role as I can in that.
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Smart man @papa-pepper I totally agree that Steem is an important part of a portfolio. Steeming on and on and on!
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¿What is IOTA & why should we invest on it? www.youtube.com/watch?v=EXjCqT-oK9M
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Congratulations @papa-pepper!
Your post was mentioned in the hit parade in the following categories:
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Great decition @papa-peper. A great benefit is the mental health of worring about just one investment, one that we all, as a community make great , and that puts in your hands the power to make your blog great, add value and get to know an awesome wild bunch that we all are here...following you
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Thanks for that @luisneira!
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I think if all the Game Streamer and Instagram Blogger join Steam it will explode!
Nobody wants to do his work for free so, i agree with you and put a lot of money on steem becaus i think this is the future of blogging not only for ppl of the cryptofans! if it gets common for the young kids they will use steemit in school and everything !
Sorry for my english too =P
Greetings from Switzerland !
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Hello, @papa-pimiento. I'm from Venzuela and I need to write in Spanish. Please, use the google translate:
Soy nuevo en el ámbito de las criptomonedas, pero leyendo post como este y otros más como los que ha publicado @isac.rodebush, @lukestokes, enter otros, he comenzado a entender la importancia de invertir en monedas digitales. Vale destacar que llegué a Steemit sin saber nada del asunto, y a medida que fui leyendo, comencé a creer en las palabras que publicaban en cada post. Tal vez mi upvote no sea gigante como el de ustedes, pero estoy haciendo el trabajo de publicar, leer, upvote y resteem, cada artículo que me parece muy buen para apender y liberarse del yugo del dinero fiducidario. Ha sido una nueva experiencia y se vuelve emocionante, cuando leo que otras personas, van adelante marcando el camino para nosotros, los nuevos en esta plataforma. Gracias por compartir tu experiencia. A mí me ha servido bastante, bro. Mi upvote para este post.
Un abrazo desde Venezuela
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Interesting. So new to all of this that I don't even know how to buy any. But here to learn.
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Just have to wait and work day by day to make Steemit better and better. Powered up a little bit myself too
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That's a smart move!
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Great words. :) I'm here for the long run. :) I love this community and the money isn't my priority on here.
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upvoted and followed you, if you like fitness please follow me
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DO NOT SPAM COMMENTERS ON MY POST.
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This account just popped up about 30 minutes ago and has started going wild with the same spam over and over again....
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I only got into the alt-coins because I finally got into steemit. And then I invested just around the hard-fork in my first alt-coins, including later turning my bitcoins in steem and powering it up. If I had done so now, just a couple of weeks later I would have about twice as many steem.
haha
same thing happened to me when I finally bought gold and silver, years ago. three weeks later and I would have bought almost 60% more metal for my fiat.
but I am still so glad I did that.
And I am glad I bought steem too.
However that said, I did split up the rest of my (tiny) investment into several different coins, and would like to have some others too.
I think the all one's eggs in one basket traditional advice is still good advice.
Steemit has some pretty strong contradictions built into it, and it's survival is by no means 100% assured.
just saying
I am personally all-in here, but would rather keep those other small side bets open too.
but none of the others gives me a way to try and earn from my efforts here like steemit does, so as I say, I am otherwise fully invested here.
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I also believe in steemit and want to invest some more but I was hoping to make some money with day trading and use profits to buy more steem power..
I have got to say that I am a little nervous because this is all new :) I am waiting to find a good chart and I try to read a lot about day trading, hunting for good tips :)
If you have some good tips for me I am all ears @papa-pepper :)
Thanks for sharing your crypto plans with us!
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I am so glad to read your opinion regarding the future of Steem. I totally agree with you about Steemit's potential to start something new and bigger than anything social media has seen in over a decade. I did a post, and compared Steemit to a wave that the surfers wait for.
I am glad that you have the confidence to buy and the wisdom to hold on for the ride. It's in a downswing for the second day, and I'm sure it's because the Steemians in it for the quick payout aren't letting it gain the 'steem' it needs...the momemtum per se...
I am new to Steemit, and have been building up knowledge from every reputable contributor, and asking questions along the way. I notice that your payouts are consistent and of substance. Is this all based on the value of the upvotes you've received?
Also, @vcelier recommended that newbies watch your entire series on understanding this platform. I would appreciate if you would leave link to the first one; and, I should be able to find my way from there.
Again, many thanks for this post!
Blessings.
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I was buying STEEM and SBD all day yesterday. I will never figure out why people sell SBD for 90 cents each... lol
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Their loss.
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Glad to see your confidence! I sold btc to buy steem about 6 weeks ago, so have lost a good chunk. But now btcis high and steem low Im thinking its a good time to swap some more.
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That it may be. I kind of think of BTC like Gold and STEEM like Silver, if you know what I mean, and I am currently only holding Silver.
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I agree. We don't have much in the way of extra cash at the end of the week...but I decided last month that Steem is where I will be stashing it. 30.00 here and there into BTC , mainly so I can transfer it here.
I know very little about cryptos, but I trust my gut...and so far this is the most caring and amazing group of people I have Ever found online.
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