Do you know what smart Steemit investors are doing now in the bearish coin market? They are buying more steem in order to lock them up as steem power (SP).
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That's the smart thing to do right now. Way better than buying it at $2 like it was a week or 2 ago. The price will go up again soon so we have to power up while it's cheap :-)
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Absolutely correct, @duckmast3r!!! This is a very rare opportunity. I can't wait for that time to come when I can get to do a little power down at $3, making sure to still maintain a minimum of 5000 SP.
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I almost bu 75 steem coin with all of my steemit dollars
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@cryptocharts, If I understood you well, almost or you have bought already? If you haven't, I think this is the right time for you to buy 75 SP with 75 SBD.
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26,674,694 steem in Poloniex ready to be sold any time now. With 50K active users spending ~$100 each ... we are talking a value of ~$5.00 ... WOW!
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Oh my goodness!!! Thanks for the information about poloniex, @luke490. I would never have known of such huge transaction already happening on the floor of poloniex exchange. Maybe I should give a second thought to suspend my summer holiday (just joking) and buy even more steem. Heheheee...
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Resteemed and yes indeed ;)
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Oh thanks a lot, @tradz!!! I appreciate your stopping by and resteem.
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If I had some spare money to invest with right now I would, it's a good time to buy
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I understand, @alphacore. It's kind of tough for a lot of people now. However, I would always advise that the money you earn on this platform, even if it is $5, invest in now. If one has lot of SP, for instance, there wouldn't be any need for vote-begging & buying .
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Good video. Now the market is going to a consolidation process, since the prices went to high too fast. So the market has to assimilate it. This could take weeks or more. On the other hand there is the BTC event at the end of this month, that brings more volatility and uncertainty to the market.
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Thanks, @nenio. I agree with you that the pull back was necessary owing to the fact that it went up too quickly. There seem to be quick recovery of the market, although I think another pull back is imminent as we prepare for August 1st when we will either have BTC hard fork or not.
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by maryfavor from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in 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 like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.
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