RE: $1.60 Steem? My powerdown experiment may end long before planned!

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$1.60 Steem? My powerdown experiment may end long before planned!

in steemit •  8 years ago 

Why power down something going to $20+ in 6 months?

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8 years ago by

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      ·  8 years ago 

    I'll still half at least have my current Steem then; the original "experiment" was to piss it all away and see if I could rebuild it though writing.

    But it's that upward trend that is making me keep about half...just in case we are at $29 in half a year!

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        ·  8 years ago (edited)

      Seems very likely... as Steem userbase and engagement is sky-rocketing and the Crypto space especially altcoins are getting re-rated. First it was mostly Bitcoin in the Mainstream and now we have Ether and Ripple and many others.

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      [-]
        ·  8 years ago 

      Tomorrow brings what it brings, my friend.

      One reason I won't be beating my head if the price explodes and I've wasted half of it is this story:

      Once upon a time in a village in far away China, a boy got a horse as a gift on his 14th birthday. All the villagers said, “Wow, that’s great.”

      But the Zen master said, “We shall see.”

      Some months later as the young boy rode up the hill, he fell down and broke his leg. All the villagers said, “That’s terrible.”

      “We shall see,” smiled the Zen master.

      A few years later all the young men in the village had to go to war. But because the young boy had bent his leg, he couldn’t go. All the villagers said, “This fellow is lucky.”

      “We shall see,” replied the Zen master.

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        [-]
          ·  8 years ago 

        Bitcoin is thus far an exception to this story.

        Steem too, is crypto.

        Of course, I am not predicting anything for the price of Steem. I see a lot of people here are bullish on Steem's price and throw a random high number for it.

        I Did the same ;)

        I am here to post photos and because I have started to dislike Fb and Insta.

        If you make a fortune I'd be very happy for you. Hope you do. Be it Here or somewhere else. :)

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        [-]
          ·  8 years ago 

        I see a lot of people here are bullish on Steem's price and throw a random high number for it.
        I Did the same ;)

        It's what we all do ;>

        One day at a time; build your network; create content that people want...oh yes, photos do very well here!

        Cash out now and again and enjoy something pleasant!

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          [-]
            ·  8 years ago 

          I'd cash out when

          a) Crypto becomes legal in India

          b) Cashing out is simplified

          ....at what price is not an issue with me ;)

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          [-]
            ·  8 years ago 

          oh, that's right. IIRC, they have also started pulling larger currency notes out of circulation there.

          once the bankers find a stable way to squeeze out "their share", I think India will regulate BTC and allow it's use.

          India is too big to pop across the border to a more convenient country everytime you want to cash out

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            [-]
              ·  8 years ago (edited)

            Haha

            . Yes its better to cash out in the home country, international travel is expensive ;)

            By the way here is a link where our Prime Minister has invited comments on whether to legalise or not, virtual currencies in India.

            https://www.mygov.in/group-issue/commentssuggestions-invited-existing-virtual-currencies-framework/

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