$steem we only earn these coins through content writing and engagement. But from here we can earn such coins only by writing content. Even these kind of coins are not only for investment purpose but also we can earn a good amount of passive income from steem if we hold the coins we have. We all know from here that we can earn in active and passive ways. I think we can make a good profit from this at the end of the day even if the price goes down or up. But many people may not agree with me that if the price drops, how can we benefit? Many people may also think that how can we earn if the price of steem goes up or down or the entire crypto market goes upside down.
Anyway today I will share with you and hope you can at least get an idea from this that when the price of steem has dropped a lot but you have invested a good amount here and you are sitting with this amount of investment then how do you Avoid damage. Hopefully the advice I give you can make money from any market, be it low or high. Suppose you bought a large amount of steem and suppose its current market price is around 30 cents. You have invested in this price. After you bought this coin the market went down a lot and its price dropped to 10 cents now. Which is less than 60 percent. At this stage you are frustrated. I would advise you not to despair at this stage but to be strong minded and patient and also to convert all the steem you have into steem power and in such a situation you power-up.
If you power up the steems you have then it will be seen that your voting power will increase from where you can earn fifty percent of the votes you cast by curating the posts of others. If you follow the rules and vote correctly within the first five minutes, the earnings can increase from there. You can also assign to the best communities. Because there are many community which if you delegate you will get good amount of steem back from there even they can give you a good percentage amount of APR. Or you know better when you delegate to good curators they will give your post a good number of upvotes. You can use your steem power by curating content and monetize your blog.
You can earn in active and passive way by adopting this strategy. And you will continue to earn. As long as the market turns and the steem price doesn't fall, you can make a passive income with this strategy. You can earn using this strategy especially until the price at which you bought the coin goes above the price. When you see it move above the price you bought it at, you can power down and sell it all by dollar cost averaging each week for a total of four weeks. I think this kind of strategy is the best strategy strategy for steem investors. Where you can earn in both markets by investing.
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It is a great post of How you can earn $steem in Bull and Bear Markets!. Thanks for sharing.
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Thank you so much for your nice feedback
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Task proofs:
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You have perfectly said it all. In fact I so much believe in Steem and I am so rest assured that in the coming weeks, it will definitely do quite well
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