What to do when the price of Steem falls...

in steem •  8 years ago 

Nobody know how long this dip in the crypto market will last, but one thing I feel pretty sure about is it will recover.

In the meantime, keep posting.  I've made more posts while the price was under a dollar than I have when the price was high.  This is an excellent chance to create some Steem Power.

 I don't worry about the current price when I post.  The reason the price doesn't matter to me is that I Power Up my "earnings".  Despite the payouts being shown on the interface in US dollars what I am competing for is "stake in the reward pool".  I have had articles that displayed a higher payout or a lower one, but what I care about is the number of Steem that hit my wallet after the post.  I have a difficult time picking out which Steem in my wallet were earned at .07 cents and those that were earned at $1.50.  I know there was a lot less competition when the price was .07 cents, hence although the dollar amounts shown on the post didn't look as fun, the number of Steem that went in my wallet was actually higher.  ;) 

My Prediction on the Pricing going foward:

^ charts are so boring.
I hope you are enjoying the ride. I sure am.


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Bitcoin FUD is driving this. Once it is resolved, good or bad, the mooning is going to make March & April of 2017 look like a hot air ballon ride. There is a boat load of money, including hedge funds, waiting to buy the fuck out of everything. Be ready.

Just in my inner circle and small bubble I have lots of small time buyers waiting to buy anything under $2000. It makes me wonder how many others are thinking the same. I think any large dips will be bought up quickly.

As always keep you hands strong and your mind stronger :)

People that are here to make a quick buck should try their luck at the roulette table anyway. Just try to have some fun and be creative😊. Make new friends and read interesting stories. Happy wednesday!

Good point. There will be brighter days.

Great post, thoroughly enjoy and agreed with it! :) upvoted and resteemed!

Thank you for the resteem.

I've been crying night and day over this dip. I remember all that .07 Steem. @whatsup, Steem On!

lol, buck up @runridefly...

HOLD, HOLD, HOLD

I've been looking into switching from 50/50 to 100% power up. I didn't know if it was worth it for minnows. I'm just starting to try it out
I'd rather have a stake in steemit than cashing out
Thanks for the info

It's going to be blood bath until August 1st.
I'm excited to see where the market will be 30 days from now August 11th

Good advice, l never know whether to go 100% or 50/50, do I switch between the two.

It's a test of the nerves. We've seen Steem go much lower than this before and it recovered. It could do it again. I'm holding

So am I. I posted through .07 cents and when we didn't have a reward pool to speak of. I think it is when we recover, vs. if we recover.

I keep posting but I don't understand how some of my 7,8,9,10 day old posts earned &30-$40 and my rewards are $1or $2 dollars ?

It is probably due to getting votes from smaller users. Votes are weighted by the amount of Steem Power one owns.

Preach On... i made that mistake back in March. I stopped posting and will never do that again. STEEMIT like you MEAN IT

Agreed.

Keep writing.

me too not worrying as it will get sorted out soon.

i am calm !!

Just buy more :)

i am too enjoying this thrilling ride.

That right we need to keep creating some awesome work.

It should rebound in a couple of days... I hope...

True, it will recover, but it seems recovery will take a long time as whole with crypto market. Dont expect sooner than December 2017. And be ready for more bearish effect.

I disagree, but you could be right just as easily as me. I think it will recover in September.

Thanks @whatsup for the positive words. You sound wise to this little minnow. Following and you have my vote. =))

This post received a 2.8% upvote from @randowhale thanks to @whatsup! For more information, click here!

I love your 'chart' predicting the future price! I may have to use that one in the future.

Thanks for being neutral and not trying to predict a future price because no one knows... and if someone tells you otherwise then they are full of shit!

Thanks for the post.