I mentioned in a recent post that I'm not really scared of a little or even a big dip in crypto prices, and that any move price takes from here on the short to medium term is fine with me. Even sideways.
I also had bought then (which is 6 days ago) some Steem with fiat, via Bitcoin (doesn't this extra operation seem so outdated already?). I repeated the move today, at a lower price.
As I mentioned before, in a sideways or bear market I will continue to buy small amounts of crypto, without looking to catch any lows. It's better to gradually buy in, in my opinion, rather than stalk the market movements and make predictions.
Also, I have a small account on Steem, and if I believe in it's future and I do, and I'm willing to put some money where my mouth is and I do, I feel it's natural to also grow my Steem Power by investing in it within the limits of my possibilities. I can't just sit around as a whale and wait for opportunities to come by, right?
Besides, some of the current whales did their investing part at the beginning, when it was much less clear if Steem has any chance to make it or not.
With the newly acquired Steem, powered up as Steem Power, I had enough SP to afford a delegation to @qurator. Not a big one unfortunately, because I strive to keep my SP above 500 (approximately), so I will have the vote weight selector in Steemit as well.
My next objective SP and delegation-wise will be to increase the delegation to @steemromania from 50 SP to 100 SP (initially). Still not enough, but well, all in due time.
In the future, I'm interested to increase both SP available at my account level, as well as delegated SP. I think a good ratio may be 50-50%, with a minimum of 500 SP remaining always undelegated.
In time I may rethink my strategy, depending on many factors, some of which I probably am unable to foresee at this point of my account's development or my experience in the Steem ecosystem.
What I certainly seem to enjoy is
Steeming on!
It's been so hard for me not to dump a bunch of money into STEEM right now with the markets the way they are....But I'm trickling in some extra money here and there....Prices are too good :)
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They sure are, at least for us who joined when Steem was way up. But probably for everyone who still wants to buy more Steem, these prices are so good...
I had in my experience went all in financially, and I won't do that again in my life. Small amounts at a time is the strategy I follow too, since that big mistake I made years ago.
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Nice and a good strategy you have in building your account by buying more steem to power up your steem power, I truly believe as you said that now is the best time to buy more steem to power up due to the fact that the price of steem is low. I truly believe in the success of this platform like you do and I know the price of steem will increase greatly before the end o this year
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Thanks! I've done the mistake in the past of waiting too long for various confirmations, or for a better price or for whatever reason and it ended up badly for me. Plus, I started to truly believe in taking action if something seems right, especially if there's a lot of FUD and many stay away in doubt. I used to be one of them, apparently not any more.
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by gadrian from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at 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.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
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