The first thing I do every morning, before I even get up to go to the bathroom, is check the 'big-3' on Coinbase. BTC, ETH and LTC. As the app opened, and I saw BTC at $4,600...I knew the dipping market wasn't a cause for concern.
As we have seen lately, the alt-coin markets have been doing well. So this setback is merely a correction caused by profit taking, as well as these alts trying to find a nominal trading value in relation to Bitcoins' market price.
This, (in my opinion is an excellent time to reinvest, and add to my position). Steem, at the moment of writing this blog trading at a steal of 0.000239 BTC. In USD/ $1.11
The reason why it is crucial to buy Steemit at such a low price, is the compounding effect it will have on your future earnings. I see a short-term (6 months) price target of Steem, to be closer to $5. This means, that for every Steem you purchase now, you would be looking at a difference of 77.8%!
Every upvote on a blog or comment you get now... Will be worth 77.8% more when Steem hits $5. IF YOU REINVEST IN YOURSELF!
Last week, Steem was $1.50. So the blogs and comments you got paid for, received $1.50... If you power down now, you will be losing money.
Keep rolling your Steem into Steempower... Keep converting SBD into SteemPower, and consider Steemit to be a retirement account. All the money you pull off the site now, stalls your future growth.
As I mentioned in a previous blog post, this week I will be adding an additional $10,000 to my account. This will put me in the low 400's on Steemwhales.com :D
If you would like to help me, help the community... Would you please consider casting a vote for me as a witness?
Step 1; open this link https://steemit.com/~witnesses
Step 2; type my name rcarter.witness and click on vote :D
Happy Reinvesting!
Quality>Quantity
Reinvest in yourself.
Charity starts at home. The more you make, the more you can give.
_Rob
Thanks for the insightful post, good food for thought.
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Steemit is my lifesaver.
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I hope you reinvest more, and stop cashing out to Bittrex so soon. You'll appreciate it more later than you do now. Just my advice anyways.
Rob
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Actually I am reinvesting it to other coins thru bittrex :)
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Me also, but Steem now so cheap.... If you made money here on Steemit, and are selling now... You could be losing more than 40%... Not worth it :)
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Ohhh okay but other coins are also cheap so I am buying alts hehehe. Thanks for the advice though, by the way I am leading the @steemph.iligan community, can i expect your support for us? I will ask all the members to vote for you as witness too. Thank you :)
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So much information @rcarter.witness thanks for sharing.
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I don't plan on powering down for a long time.
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Me neither... Hopefully I am not wrong in assuming Steemit will be around for my lifetime :D
_Rob
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me too :)
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Done. 👍
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I appreciate that! I will have my powers back soon, and will definitely be actively helping!
_Rob
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Yes, Bitcoin is almost 5k now and hoping that Steem will be on that trend as well. :)
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tataas pa yan, tiwala lang.. hehe
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Funny I made a similar post regarding the crazy moves of Altcoins. Seems a lot of people investing in BTC to get their free Bitcoin Gold haha
Like you I hold tight my alt coins. Indeed reinvesting in Steem it's a great idea and I'm glad for you that you will bring 10K$ to your Steem account. You will be kinda powerful haha. See you around mate
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Thanks for the comment.
And that is another great point... Everyone is trying to get BTC cheap, for the gold. However, they won't hold it until the 25th... This is way too early. We will most likely see a BTC correction this week, and then hopefully soar past 6k around BTC-G time :D
Well, I already have 25k+ on my other account, that I will delegate... Once I buy 10k+ more. For me, this is one of the safest investments in this space.
_Rob
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Agree ! If BTC will reach 5K$ resistance before the fork, people will dump it lol and hopefully a good opportunity to enter in.
Great you have already strong roots here. Steem is a safe placement yes. I kinda bet my whole retirement on it haha =D
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Thanks for helping steemit for having a good future
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Both of us, man!
We are all part of it, and first ones in!
_Rob
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Yeah man your right
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Keep rockin and rollin! Steemit could very well be the future.
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This post has received a 5.32 % upvote from @booster thanks to: @rcarter.witness.
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This post has received a 36.07 % upvote from @buildawhale thanks to: @rcarter.witness. 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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Hello @buildwhale i have a question, there is any limit ? if i sent you 10 sbd and my post link in the meme you will upvote me ? and how many posts or times i can use you? thank you!!
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There are no limits, but we can only vote on each post one time.
You are bidding for a portion of our 100% vote each 2 hour and 40 minutes.
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This post has received a 65.04 % upvote from @boomerang thanks to: @rcarter.witness
@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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This wonderful post has received a bellyrub 8.27 % upvote from @bellyrub thanks to this cool cat: @rcarter.witness. 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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Congratulations @rcarter.witness, this post is the sixth most rewarded post (based on pending payouts) in the last 12 hours written by a User account holder (accounts that hold between 0.1 and 1.0 Mega Vests). The total number of posts by User account holders during this period was 1013 and the total pending payments to posts in this category was $1616.78. To see the full list of highest paid posts across all accounts categories, click here.
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Congratulations @rcarter.witness! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
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img credz: pixabay.com
Nice, you got a 4.2% @minnowbooster upgoat, thanks to @rcarter.witness
Want a boost? Minnowbooster's got your back!
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The @OriginalWorks bot has determined this post by @rcarter.witness 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! || Click here to participate in the @OriginalWorks sponsored writing contest(125 SBD in prizes)!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!
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Great post, very insighful and relevant. Thabks for sharing your thoughts @rcarter.witness
Cheers!
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