Hello, I come to give a piece of advice, that Im sure you have heard before.
DO NOT BE AFRAID OF CRYPTO PRICE DROPPING
I know what your thinking... "easy for you to say, blablabla."
But when it comes to steem, we have a unique oportunity to take advantage where other cryptos come up short... The cost of buying steem to power up is now cheaper which means a lot when it comes to stuff like Upvoting on a curation trail like the one at worldofxpillar.com or delegating to your favorite service.
Think about 2 months ago when the price was booming... You were probably willing to invest a lot more then you would want to invest now... But you cant think that way... Something happens today and the price of all crypto goes down... then something else happens 2 and a half years down the road, and it causes the price of all cryptos to triple.
summary
Steem goes up steem goes down... it's the way it works...
with other coins, you can "buy the dip" but you still have that same ammount of tokens when the price rises...
When you buy the dip on steem, and power up / start using the steem blockchain, you receive rewards, except you generate more rewards over the same amount of time; at a cheaper rate than it would of cost you to buy the same amount of steem in the first place ; which in turn give you more tokens to sell when the price rises (if that's your thing)
Imagine you want to buy 1000 steem... If you bought lastnight it was going to cost you $410 ... now you can buy 1000 steem for $370... Or ... you can buy 1108 steem for the same $410 ... Thats a 108 steem increase, how long would it take you to make that much in rewards.
Anyways thanks for reading guys and again, dont be afraid if your new, it's just an opportunity for you to invest in yourself and powerup some steem.
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Agree with you! Crypto will be up in the next couple of years for sure!
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100% I have been in crypto since around 2014 and i really regret alot of sales that I hade due to price droping...
I remember eth going from 2 to 20 then selling cause it went down to like 14... then it went right to 100.. i bought some more... sold some around 90... lol
It happens every time... Obviously money moves in and out, but once the poeple who at say 50k want back into btc... price goes way up.
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You got a 73.60% upvote from @bidvote courtesy of @joshh71390!
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This post was resteemed by @steemvote and received a 5.48% Upvote. Send 0.5 SBD or STEEM to @steemvote
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