First time writing using the Esteem dapp on my phone.
I usually use partiko to write my post but since last night, the updates sections stalled somehow and no updates could be seen.
Steem price has been falling
Img src: CoinGecko app
Bitcoin prices are higher than what it used to be a month ago and the opposite is true for Steem. Bitcoin's resistance level price would be around 6100 USD. If it doesn't breach through that price, there may be some correction to the prices of BTC. Overall, one strategy is to use
Cost Dollar Averaging
Just keep investing into certain cryptos at every price when we have the funds and in the long term, the prices will even out. When I am free, I will make a table to demonstrate on how this works as a useful tool in any investments.
Months ago,
Steem prices fell to around 25 cents per Steem.
I guess we just have to keep hustling on and think less of the price but keep up with what we do here. The other thing is to diversify into other cryptos.
Currently, it's already mid week.
Weekends are fast approaching.
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Dollar cost averaging is my favorite trading strategies. Sometimes when you know something’s gonna drop, it still goes up. Or vice versus, that’s when I add more to my position. Overall I think I have the right call, but averaging gives me a better price to work with.
Not concentrating on price is a good idea, but keep going. The price will turn around!!
Posted using Partiko iOS
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Hi hi... It's great to see ur reply. It's great that u and me have the same ideology and understanding to some extend. Haha.. I used to be a price sensitive investor but it's too tiring to keep looking at prices all the time. If something is good, it definitely is gonna go up in prices in the longer run. Hi hi... Oh yea. Is that ur cabin in the new post u just made recently?
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Thanks! Yes, as long as you’re invested in things that are good, in the long run you’ll be ok.
The stoop? No that’s my house!! Haven’t been back to the cabin yet!
Posted using Partiko iOS
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