From time to time, the question of where the hell you and I were when Steem was trading at 7 cents or thereabouts will be asked.
Image credit: @majes.tytyty
I don't need to be told - I very well know that I am not one of the fortunate guys on the Steem blockchain. I say this because I joined Steemit in December 2017 when the price of Steem was approaching an all-time high.
Like every newbie then, I was full of regrets. I kept wondering and asking myself where the hell I was when Steem was just 7 cents. Having zero influence and struggling to earn a few cents, like everyone else I felt that the whales had undue advantage - the advantage of buying Steem at 7 cents or something close to that.
Then, I met with a few guys here who vowed that they would have bought thousands of Steem had they had the opportunity of buying Steem at 7 cents. In short, they also asked themselves that queer question, where the hell were they when Steem was trading at 7 cents.
Unfortunately, the story of cryptocurrency is full of regrets and jubilations. There are always those who bought the dip, sometimes even ignorantly, and have the opportunity of selling at insane prices. Whereas, there are also those who never take the opportunity and keep lamenting as the future unfolds, smashing their doubts.
For example, there were a few persons who for the first time heard about Bitcoin during its formative years but didn't bother to invest a penny due to the shadow of uncertainties clouding Bitcoin at the time.
Over ten years later, following the massive success of Bitcoin, we now have thousands of people asking themselves where the hell they were when Bitcoin was trading at $10.
Interestingly, those asking that question, including this writer, were very much alive when these amazing giveaway prices were rendered to the public. And often times, instead of taking up the challenge of amassing these cryptos, we amassed excuses and harvested nothing, nothing to be proud of.
From time to time, the question of where the hell you and I were when Steem was trading at 7 cents or thereabouts will be asked. How you answer that historical question will be determined by nothing but the decisions you make today. Are you buying? Are you selling? Are you ignoring? It's up to you.
Until I come your way again, I wish you a full Steem ahead.
I was on binance buying steem then sending it to my account and powering it up!
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I have been doing the same thing as I think STEEM is undervalued and have been accumulating at current prices, powering up and leasing it out in order to bring in passive income each day. I have not been on Steemit for to long but have followed various developments and have been seeing improvement and progress. If the platform continues to improve and more people start using it I think that anyone buying STEEM for the long term hold will benefit. I am not a financial adviser and this post should in no way be considered investment advice. The opinions are my opinions and are for informational purposes only. Any investors need to consult a financial professional or do their own research before committing any money to an investment.
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I've been doing a mix of buying and selling lately. I was strictly buying for a long-time, but now I've taken to a more variable strategy to stacking STEEM. My goals have shifted from having as much STEEM as possible at the expense of other investments to having a growing amount of STEEM while simultaneously expanding my portfolio into other investments to spread out my risk a bit.
I joined a few months before you did, which makes me one of the lucky few who had some time to accumulate before the bull run. I could've gotten more, but I'm still happy with the outcome so far :)
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No doubt, your strategy is really a fine one. Over the past months, I have been accumulating Steem at different prices. However, I think it is now high time I adopted your strategy. I have to start diversifying. Cheers!
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I have also been accumulating STEEM in a account that I use to lease STEEM only (not this account which is focused on bringing value to the community by documenting the stock day trades made by Phalanx Trades and highlighting the chart or trade of the day and any mistakes or lessons that have been learned along the way). Over the past two years I have also taken the approach of investing in various coins in order to create a diversified basket for my Crypto portfolio which I think is a great strategy in the long run since it is more like shooting a shotgun at a small target than using a rifle with a single shot. When you "shoot at a target with a shotgun" a few of the pellets will hit the target in the middle and some will hit the outer rings of the target and some will miss all together but in the end you will most likely be in a few of the coins that fly in the long run offsetting any losses from bad investments. This is the same approach that Phalanx Trades takes when day trading US Equities. The company trades each day with a basket of stocks meeting certain criteria in order to diversify risk and try to catch a couple of big winners and positions that either move up slightly/break even and mitigate exposure to losing positions by cutting losses after certain criteria have been met indicating the trade has failed. Phalanx Trades has just started posting its trade log and trades of the day this month and if anyone is interested take a look at the blog and check out some of the charts and things that have been learned along the way. Phalanx Trades will eventually be broadcasting its trading live on Youtube so that anyone can view what trades are being taken by its trader (NB) in real time. Once the live stream is up and running a link will be posted to the blog for anyone interested in attending. The company will continue to post its trading results good and bad and any lessons learned along the way to provide any value that we can. Phalanx Trades is not selling anything nor is it providing any financial advice and nothing in this post/on the blog should be considered advice. Any posts are for informational purposes only and any trader or investor needs to do their own due diligence before making any investment decisions.
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