When I found out about Steemit in August 2017 - STEEM was worth about 1$.
Over the coming months, nothing really changed price-wise.
Until the end of november / beginning of december, when the SBD price exploded.
Price Explosion = Higher Activity
Suddenly, posting on Steemit was a lot more lucrative.
And then, around new-year 2018, STEEM made a huge push - up to 9 USD.
The timeframe between the beginning of December to the end of February was pretty much the golden-time for every Steemian.
And many, many users flocked to steemit, dtube, utopian, dlive and started posting & earning.
Nothing lasts forever
But as time went on, the STEEM & SBD prices both tumbled down and are now pretty much at the same level as they were when I started out on Steemit.
And as a result, the activity level also reduced. A lot of Steemians produced either less content or stopped totally over the last months.
For example - @spritualmax created a post just today, explaining that he switched "temporary" back to traditional blogging.
You see, I'm a blogger, I blog for a living, and since SBD price has plummeted, the rewards I was getting weren't enough for me to write daily around here - my posts are always well thought and required hard work, which consumed brainpower and time... something I had to dedicate to my mainstream blogs. - @spiritualmax
Now, I can understand the reasoning, especially when one has to live of their blogs.
But on the other hand - stopping something completely because it's not enough for short-term goals - I wouldn't recommend that.
Can't stop - Won't stop
While the liquid revenue paid out in SBD is worth a lot less than a few months ago, you get paid more STEEM & SP as author rewards in return.
And SP - is compounded interest at it's best. The more you have, the more revenue you can generate passively - for example by investing it with Smartsteem.com.
Now if your primary goal was it to earn SBD or SP (and power that down) and sell it to FIAT - then this is truly not a great time right now.
But.. if it's your goal to accumulate as much Steempower as possible (and even SBD if you like to gamble) - then now - is always the perfect time.
Let me repeat:
Now is always the perfect time!
STEEM is the blockchain of opportunity. If you truly want to succeed on STEEM, then you will. You just need persistence.
I am betting that this year around the same time we are going to see and increase in steem, and even SBD's just like last year. However, I predict that the spike is going to come a bit earlier than the last.
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I do hope so!
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Great post Wolf. I was thinking the same thing the last week after having a period of pessimism.
The main reason I don't want to share my new optimism is because I realize the last week or two was the perfect time to accumulate.
It's a lot easier to grow your presence as blogger in the bear market because not as many people are posting. Seems we have started the climb back up now and the higher we go the harder it will be for a small fish like me to be heard.
Luckily I had some foresight to grow my following and steem power in this bear market. Just wish I saw opportunity sooner.
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Thanks @kirkins!
Exactly, now is the perfect time to accumulate more SP. When STEEM was around 8$ - you got a lot of SBD, but nearly no STEEM/SP.
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Been powering up 95% of all my steem I have earned and invested for 1 year now and keep going strong.
That's the great about steem, it feels useful. So when price is low one can just let it sit and generate more until the prices rise again. :)
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Yeah - that's the spirit @holm!
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well written. im glad i reached out to you today and read this. i needed this pep talk. i too am a @spiritualmax fan. bummer to hear that sometimes. I am still eager and ripe with perseverance energy to make my steem pile grow. thank you smartsteem
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Thanks mr. yeti!
I'm sure max will be back.
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I totally agree, many people do not realize that now is actually one of the best times to boost your steem power. Some people only see short term and will look back to these days and regret not being apart of the 10% of people that decided to do the opposite of what the other 90% did. "truce" lol
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I remember how bad I felt when STEEM made the huge push and I just thought: IT'S TOO EARLY. I DON'T HAVE ENOUGH STEEM! :P
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How is it the best time to boost SP? How can I earn those extra SP you guys are talking about? Could you please elaborate?
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Good contribution on your post. Really you hard work for you post. Thanks for information and shared with us.
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Thanks!
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Welcome
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Wolf, some humbling words: It is so good to read your posts. The clearness of your thoughts written on paper, are somehow, refreshing. Very creativ. Keep it up.
Sincerely
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Exactly - positive energy! :)
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I don't even look at steem in usd value. I power up everything as I have no plans on selling anytime soon. One thing a lot of people don't realise is the reward pool is a fixed amount. If less people post and vote then it's split between less people. So those who continue to be active get a bigger slice. Then when BTC chooses to rise again pushing up Steem and everything else in the process that's when you earn the Usd value and then some because of everyone else flaking out and following the usd. Don't follow the usd. 😁
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Exactly - just ignore the USD value for now.
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Another day, another Steem Dollar.
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absolute truth.
i don't even care about the volatility at this point.
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Oh great thought brother. My goal is making some SP so now i will trying to make SP because i think that now is the perfact time for investmen. Thank you very much for your motivational post. Must needed these post right now for every steemian. I am well motivated now. Thank you my brother.
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I totally agree ! Patience and persistance is key @therealwolf ! upped and resteemed!👍👍👍✌
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I have put my vote selling with smartsteem it hasbeen more than 2month now but have not seen earning
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