Steem coin is not only for investment purposes; it may also generate a significant amount of passive income if held.
Many individuals may be questioning how we may earn Steem when the price of Steem is gradually rising or the entire crypto market is rising.This is a good question that ought to be answered. After all, if Bitcoin is increasing, how can we make a profit from Hive?In this post, I'll provide a useful Steem advice for individuals who have previously invested in Steem at high prices or who are stuck with their investment.
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I have a wonderful approach for you that allows you to earn in both bullish and negative situations.Assume you invested roughly 50 cents, and the current price of Steem is 0.19 cents, down by more than 50%.In such a case, I would propose that you stick with the powerup plan.After powering up your Steem, you can assign work to the top communities, which can offer you more than 16 percent APR. You can also use your Hive power by curating good content and earning money from your blog.As long as the market goes up and the Hive price does not go down, you can make passive incomewith this strategy.
As you can see, the Steem price rises above 50 cents. You can power down again and continue selling every week, resulting in a DCA selling approach.This is the ideal method for Steem investors because it allows them to earn on both marketplaces.What do you all think? Will you agree with this technique for powering up while the Steem price is low? I'll be pleased to see your responses in the comments area.I hope you found this post helpful and instructive. If so, please remember to reblog it so that it can reach a larger number of people and benefit them the most. Also, please remember to upvote, since this will help me monetarily and develop my account.