Steem hits monthly low - Do we buy?
Buying Steem during wider market corrections and converting to Steem Power has been a strategy I have used for a while now. Locking away my Steem this way makes me feel much more comfortable than holding it on an exchange.
Today we have a Steem price touching $1 as we did last month, and the one before. This time around though the cycle, led mostly by Bitcoin, looks different.
Chart powered by worldcoinindex.com
Bitcoin is sat near $5000, and in dangerous 'double-top' territory, while Steem is hovering around $1, and may have dropped briefly lower on some exchanges in the past 12 hours.
If Bitcoin pops $5000, we could be off on a while ride with our Steem, if the double-top is confirmed, then I suspect a 'sea of red' in cryptocurrency land - and Steem will not be excluded.
Chart powered by worldcoinindex.com
Today I recommend to either buy a small amount of Steem, or just watch the story unfold. We do not need to be hasty, and the future is looking great for the Steem Blockchain.
For the past 18 months, the Steem Blockchain has been battle-tested by users on the likes of Steemit, eSteem, Chainbb, Busy.org, and the various apps and tools querying the data that is stored.
We have all been test subjects, and some of the subjects have been paid well for their 'testing' - very well indeed.
'Proof of brain' has been... errr, proven to work, and now this 'tokens rewards algorithm' that encourages people to create and curate content can be confidently dropped in to other locations.
source
Companies will soon be able to create their own tokens that use the same technology, an example of which was detailed in a recent post I wrote.
In my mind, this is where the growth area and focus is, and we will all benefit as companies issue their own tokens based on the Steem blockchain.
If successful, this can only mean one thing, a parabolic rise in the price of Steem. We just need to continue blogging, and hold on for the ride.
Congratulations! The test is complete, and next year the fruits of our labour (labor if you like American fruits) will be there for all to see.
Is't possible that the value of steem go higher like what we've seen to other cryptocurrencies? Or it's just sticking with the average of $1.
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I think Smart Media Tokens will in time drive the price of Steem way higher!
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Can't wait to see that. I hope will reach atleast the half value of BTC now. LOL
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That is a big ask! $100/Steem would do me nicely though!
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I would lose my shit if we can see a 10$ steem.
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Very possible in my eyes, hold your SP and your shit sir!
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will hold both :-)
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Lol i will mine too but not include my shit. Lol
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So many questions!
I'm new to all this crypto just to remind you if you can't tell by my dumb thoughts lol.
I use delegated sp to improve my curation and I've been getting it through the market that is connected to my wallet. I'm assuming this is still "steemit". So that when I put in my password - I am still "here" and not someplace I might be scammed.
Then I read a post by someone talking about buying STEEM at the very same time as me "somewhere else" that was 10 cents cheaper. I would not care for 1 cent - but 10???? Any thoughts on this? Why would the market be som much cheaper than "somewhere else" to buy STEEM?
I have nothing set up as far as wallets or anything crypto anywhere but here. I need to get it together I guess.
So - now I have some STEEM just sitting and waiting for me to lease the delegated sp. Currently I'm leasing 7 or 8 sp for 4 weeks (in three parts). I'm thinking to adjust that to 4 leases for 6 or 7 sp each for 8 weeks each. So much thinking for so little value! But of course the value is really in the increased upvote.
In curation news - I'm doing great and expect to keep improving. I can't wait for your next post and soon will have mine - explaining how I promote the posts I upvote and resteem so both the author and I get greater reward. I'm so slow at posting here, but it will come next :)
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Start with an account on coinbase so you can buy from your own bank. Relatively easy.
Then get a jaxx wallet. Comes in ios android, mac, windows, linux, and chrome browser extension. That's why I chose this one.
Then move your bitcoin off the coinbase exchange into your own wallet.
Start small so in case you make a mistake it won't be too costly.
All the best,
Joe
@joe.nobel
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Hey Joe
Is this Wallet likely to give you this Bitcoin gold for holding Bitcoin?
i assume Coinbase won't be paying out!
Cheers!
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I'm not sure what Bitcoin gold is.
Jaxx is a multi-currency wallet. It can hold about 10 - 15 of the popular coins including Etherium, Litecoin, Dash.
(Another reason why I picked this wallet.)
It costs you nothing to download and try. See if your favorite crypto is one they support.
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Bitcoin is forking again, it could be another Bitcoin cash moment - free crypto. Coinbase BTC holders saw none of it though, of you are holding BTC I would try to find out if your wallet will honour BC Gold.
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more info here Joe:
https://steemit.com/bitcoin/@abh12345/re-amratesh-how-i-m-going-to-make-money-with-the-upcoming-fork-step-by-step-guide-and-insider-secrets-20171012t152925633z
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Thank you, I get it now. I've momentarily let myself get behind.
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No problem. So i was considering getting the Jaxx wallet today and sticking a little BTC in, and the bugger jumped 10%! :D
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Do you think I can do this with a Thai savings bank? Or how can I get an international account from here? I can't figure out banking, much less walleting.
And - my son is in California trying to transfer from coinbase to his paypal and can't do it. He gets rejected and they won't answer him for why. The money is in btc, so I'm kind of glad it got stuck now. Hopefully one day he can get it out. He has no us bank either because he blew his up with service charges. We're a financial mess!
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It's probably easier if you are outside of the USA to go through the bank/crypto membrane.
In the US, you really need to identify yourself to the exchange (like coinbase) for them to accept your bank traansfer.
I don't know if coinbase does business in Thailand. If not then there are probably other exchanges that do. I'm sorry, I'm not familiar with that part of the crypto-world.
As for transferring cryptocurrency to PayPal. He won't be able to do it. PayPal sees all types of cryptocurrency as a direct threat to their existence . They would do anything to they can to stifle its use.
Sorry I couldn't be more helpful. In many ways I am just learning myself.
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Hi @fitinfun. Truly, it is just normal to have many questions about steemit. Even those experienced with cryptos come here amd truly have questions.
You talked about delegated SP. On here on steemit, what you can do from your account is buy SP, except probably you are delegation from @minnowbooster. Not that buying steem and SP are two diff things; same as leasing steem.
Yes, you can buy steem for less amounts depending on where you are buying from. I guess while buying from here, you were dealing with @blocktrades. Other exchanges have their different rates per time.
Weldone with your curation.
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Thank you! curation is the top of my efforts here, so I'm glad to get results. I'm featured on this post
https://steemit.com/steemit/@abh12345/curation-how-are-you-doing-week-3
by @abh12345 and eagerly waiting for the next one :)
Yes, I use @minnowbooster. I think it is worth it now while I'm so small, but maybe not later. My .12 cent upvote makes me a fairly big fish down here in minnowland. I'm earning way more sp than I could have bought for the same price as leasing so I feel it's working.
The price is still going down so I'm buying a STEEM a day maybe - then use it for leasing. Still using the market since I'm a technical wimp.
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I bought some more Steem Power last night. Buy the dips and hold.
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You might like this old post I did about how to start earning here when you have little power. Like you say, getting the flow of sp going is the important thing.
Make Money Blogging on Steemit Top Tips and Checklist for Better Results!!
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by abh12345 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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Yes Yes Yes... Looking forward to the kickstart of SMTs and steem, to the moon.
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Hold on tight! :D
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This post has received a 10.00 % upvote from @buildawhale thanks to: @abh12345. Send at least 0.50 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.
To support our curation initiative, please vote on my owner, @themarkymark, as a Steem Witness
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I've been trying my best to grow organically with the quality of my posts. Maybe it is time for a little help.
Oh, I've found you because you've upvoted me and I noticed and followed you to your blog.
Upvote for you to, because this is a great post with something to think about.
Joe
@joe.nobel
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Cheers Joe
I think organic, steady growth is true growth. Picking up a follower or two a day due to solid interaction is the way to steadily build a set of followers that will return to your posts every now and then and make a solid comment, like this one.
Good luck to you, and thanks for your input and follow.
Asher
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@minnowpond1 has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.
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@eileenbeach has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.
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smt's will take the price up up and above
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img credz: pixabay.com
Nice, you got a 4.7% @minnowbooster upgoat, thanks to @abh12345
Want a boost? Minnowbooster's got your back!
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The @OriginalWorks bot has determined this post by @abh12345 to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
To enter this post into the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!
For more information, Click Here!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!
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This post has received a 8.65 % upvote from @booster thanks to: @abh12345.
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Resteem your post to 1800+ followers for only 0.5 SBD or Steem)
Just send 0.5 SBD or steem to @steemvote (URL as memo)
New Followers get 0.001 SBD$ and an upvote for free!!
Just follow @steemvote and...
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This wonderful post has received a bellyrub 9.76 % upvote from @bellyrub thanks to this cool cat: @abh12345. My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.
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This post has received a 47.62 % upvote from
thanks to: @abh12345.
For more information, click here!
@abh12345 take part of the @minnowhelper's 50 SBD Contest. For more information, click here!
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There are many speculations..about crypto still it's unstoppable.. thx for share this..
The only way Steemians could smile is that steem/USD should go up..
Follow me bck
@davidad
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This post has received a 6.99 % upvote from @boomerang thanks to: @abh12345
@boomerang distributes 100% of the SBD and up to 80% of the Curation Rewards to STEEM POWER Delegators. If you want to bid for votes or want to delegate SP please read the @boomerang whitepaper.
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