The Current Price of SteemsteemCreated with Sketch.

in steem •  8 years ago  (edited)



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  • “I must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path. Where the fear has gone there will be nothing. Only I will remain.”
    ― Frank Herbert, Dune

    Well you can shrink to a ball and cry.
    .
    or
    .

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Time to Buy !!!

Perfect timing! I have the funds to buy. I think it's just Monday morning reacting to the mainstream media talking about that ETH flash crash. We'll wait and see the next few days but I am not scared of this.

buy low...sell high
the price of steem is at a low point and going down
the only question is do you buy now or wait until it get's even lower?
which it might.
OR
it might launch right back up to where it was earlier
and continue to rise.

I expect that's gonna happen..
but when
THAT's the million dollar question

I think the big dip is good, we will see the rise to follow and will be shooting past our last high of 2.79 ... no fear!! we are strong

Correct sir. Always buy low and sell high. I feel bad but so many inexperienced people panic sell but what can I do besides give them what they want and buy their cheap STEEM? But I knew when it went to $1.50+ that it would correct back down to around $1.35 and I would buy then. Was hoping to buy at $1.25 but this is good enough. It will be $3 by the end of August for sure so buy it now while you still can!

you have rode this roller coaster a few times now ...
he who controls the Spicecoin, controls the universe!

I think the whole cryptobubble is blowing away)). Just take a look at last ICOs: Bancor, SONM are below the price of ICOs. Also Steem has сompletely abnormal yield as a bond (~30% in USD). So it has to fall!))

My target is 0.5-1 USD for 1 Steem.

Rewards were kind of to high after the hf19 change, so we can view this as the market correcting itself.

Panic BUY BUY BUY

It is, what it is . No worries at all . Soon steem will fly like rocket on moon ,or even higher. Have a nice day🙂

Exactly. Corrections always happen. Even the mighty Bitcoin will take a $500 cut after going above $3,000. Its natural and normal.

Just hold or buy .

eventually i will come out stronger am sure of that !!! Believe in the community ! :D thanks for sharing will follow for sure !! please keep me updated :)

Great time to get more!

  ·  8 years ago Reveal Comment

Perhaps now is the time to buy it?

I think so..yeah.
you might recall that there are two ways to buy steem
one way is to fork over the cash
the other way is to

ENGAGE


the more votes, comments, and posts you make
the more steem you Get.
a word to the wise is sufficient?

the price is low now.
when the price of steem rises those rewards you get NOW
will be worth a LOT more.

Welp, everything is taking a beating.
Market is down.

Market is down=buy on the cheap. Sell during a bubble and buy when it pops is my motto. Basic rules to live by. Panic selling is the only time you lose money and I have done that a lot in the past but now I know better. Its like Silver. A lt of people buy when its going up (~$21) and sell when it goes down (~$16). What they should do is buy when its cheap and sell when it goes up but for many people their mind starts to get overwhelmed thinking soon it will be worth nothing if I dont sell now. Like in the Great Depression. The people with money, just like with the past recession, will buy up real estate on the cheap bc everyone is selling and prices get lower and lower only to go right back up again until they are at true value (which we are not at now).

I'm predicting it will bottom out sharply at around 75 cents and then pump hard... well, over the next two to three weeks. I don't mind, I can now buy cheaper steem with the bitcoin I earn mining at nicehash. So I have more potential upside, plus, at the same time, regardless of the exchange rate, against my competitors (all of you) I will still increase my vote powah. :D

Good reply but I think that it wont go that low. It may go to $1 but I cant see it going lower than $1.10 honestly. But if it goes to $0.75 I will be waiting because then it might hit $0.50 and at that pride I will be selling my car to buy up that cheap STEEM because it will be a steal at $0.75. But I think it will hold over $1

Well, the sell-off continues... a lotta people just got a lot bigger bank balances... now at 1.46 as I type.

It is a day for sure

$ .75 !!!

whimper

You can see on the chart a double bottom at somewhere between 0.75 and 1, this would be a likely point at which it will turn.

Hold onto your steem, and buy more when it gets around that level, is what I would be doing, except I am just going to buy it anyway, regardless, tomorrow, when my nicehash payment comes, and the same every week. Risk is a vitally important part of life, and I feel quite comfortable with this.

I think it's just people finally saying to themselves, "ok, it looks like it's topped out, let's take some profit and pay our bills/enjoy the product of our mental labours"... well, the usual 'profit taking' thing that happens when bull runs peeter out.

you're a smart guy
I gots a question.
what's the net effect of powering down...oh...say 1k steem..
then turning around and powering up that very same steem?

  ·  8 years ago (edited)

Powering steem up and powering down do not happen to the same token. you power up Steem, and you power down Steem Power. You can do both at the same time. The scenario you describe would have 1/13th of the amount at the moment you started the power down pay out every week, and the power up would just add to the total.

In theory, if you did that, you could have 2000 steem trickle out in weekly payments over 26 weeks. The powerdown stops, I think, when you go to zero, and the network blocks you from posting when that happens. If you have zero SP, you can't vote, post, or comment until the current amount of the account fee is in your SP again.

Or maybe I am confusing something in what you mean, yes, you can immediately power up the payout from a power down.

the deal is...I started a power down sequence about three weeks ago.
I might not need ALL of that steem (1/13 of what I had then)
so I'm considering powering UP...a portion or all ...yet leaving the powerdown cycle running.

that way I know that every friday..the check's in the mail.

yes, you can totally do that. and also, it will be possible for it to come out after the 13th payout same as it went in, the power down actually will take SP so long as there is any in the balance, I suspect it doesn't have a boundary condition. There could be some interesting ways to use that (week delay on someone paying you by them powering up steem to your account (you know you can power up steem into other accounts? it's necessary for the situation where an account balance drops to zero, to resume being able to add data to the blockchain)

hmmm...that's tricky
I figure I'll stop the powerdown at about ten weeks..
might restart again...might not..
thanks for the info.

Well said. The Dune abides...

This is the pattern. There will be ups and downs. We are in for the long range. Take advantage and buy more Steem during this dip.

So, is Steem and SBD completely separate from Ethereum and only tied to BTC in Bittrex?

Clinton once said
it's the economy stupid

one of the few times he didn't lie. I think it might be like that. The economy of crypto is influenced strongly by the mother-coin...

bitcoin....

and it's heavy going for bit coin right now..

I know but this always happens. Anyways, I am pulling out of Poloniex. I am wondering if you are using Bittrex because the problem with Bitcoin is not Bitcoin but Ethereum! In Poloniex, Steem is tied to Ethereum! If there is an exchange where Steem and SBD are only tied to Bitcoin, then all is good and will work out until the next crisis. Otherwise, the slogging could be bad.

I use Bittrex for (reasons)...it's treated me well so far.