I'm mostly Powered up so all I can do is HODL.... and accumulate more Steem by posting more to Steemit and Sharing my posts on Twitter and Facebook Groups...
It's all I can do....
What is your Strategy when Steem is dropping ?
Chart: https://coinmarketcap.com/currencies/steem/
Funny, it is around the price it was last year in fiat terms, however it was worth more in BTC. Maybe that is why it feels so taxing blogging and not getting rewards.
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Yeah.... I try to ignore the fluctuations and just blog away. I am making more $$$$ with Steemit than I am on Facebook, Twitter, Instagram, YouTube combined. Even if Steem drops all the way to $ .50
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Price only matters when you sell it
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I have learned more about the benefits of Long Term Investing (HODLING) from Steemit than I have anywhere else.
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I bought some Steem to keep liquid at 2.77 and speculate but it kept going down so i powered up instead, let that steem at least work for me
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Exactly. I take the same approach. When it is Powered up at least I can up-vote a few of my Posts and make some money back.
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Very True. That is what is great about holding 99 % in Steem Power .... you can never sell based on a Psychological gut reaction with the day to day price changes.
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I wish I had held all my Amazon shares in a Steem Power type account. My kids and grand kids would have been Billionaires.
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I try to do basically the same but i tend to put a steady amount of USD into STEEM/Crypto every 2 weeks. I average it out, if you believe in the projects then this averages out the ups and downs. When i market my SBD for Steem to power up i always try to get the best price ,but now with it down i just take the market price it's such a good buy. Buy when there is fear :)
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