Missed the Bitcoin Bottom? This Might Be Your Second Chance to Buy Cheap

#stackingsats
#Crypto
#investing

tonytrillions (66) · 5 years ago

Just bought some #bitcoin today

Buy the dip.

Ignore the fud.

Do the research.

8 votes

coffeewithcrypto (45) · 5 years ago

It's also a good time to snap up some other projects you think may be worthy of your investment too. This market has some good ones that are considerably undervalued in my opinion.

digitalcontent (29) · 5 years ago

There is much more high possibility of going down max $7,500 but the main target is $5,000. $5K Best buy and sell it at $10k that's it.

abdex9 (64) · 5 years ago

Great video @louisthomas. 😀

Cheers 🥂 to all buying Bitcoin now. This might be the last time we'd see BTC at this price range. I bought this morning 🌄 🤗

Posted using Partiko Android

3 votes

chireerocks (72) · 5 years ago

@louisthomas, Yes, in my opinion too it's a Second Chance for Cryptocurrency Enthusiasts. But after launch of BAKKT many were expecting boost in Bitcoin Prices.

elianaelisma (72) · 5 years ago

Yes, this is a second chance to buy bitcoin at a cheap price. Maybe many investors will buy. Their motto is buy when cheap and sell it when expensive.

josediccus (75) · 5 years ago

I think many won't Still buy at this low because to them it might feel like a disaster and disappointment rather than an opportunity, I mean imagine a fall in 43% that's the perfect chance, I still feel Bitcoin will will get to $12000 before the end of the year and at 8000 the die hard investors might utilize this opportunity really.

safetony (47) · 5 years ago

Bitcoin's PRICE is a distraction from the VALUE. Dollar cost averaging is the best strategy just slowly acquire.

stackin (78) · 5 years ago

We can see a real quick bounce from here but still being very bearish for a month or two. However this year may be the last time to get your bitcorrrns 🌽🌽😂😂

Posted using Partiko iOS

jlsplatts (68) · 5 years ago (edited)

Crickets.... Crickets... Well he must not be seeing your comments because I have never seen a response from from this guy.... Hmmm... weird... welp see ya later.... or not...

$0.00

joshman (70) · 5 years ago

Yes!

The last time this cat commented on a video was in July!
He dumps most of his rewards and hasn't been powering anything up
He never mentions STEEM in his videos

Should he get some votes for cross-posting on STEEM? Yes. Should it be $60, no.

Downvoting.

@oracle-d, @theycallmedan, @threespeak, This should be $20 at best IMO. He should get a boost to $60 for mentioning STEEM and participating, not being over-rewarded in the silent hope that he does.

You should also consider recruiting over @gardeningchannel, this individual has 200k followers, actually interacts on STEEM, and mentions STEEM in his videos.

$0.07

jlsplatts (68) · 5 years ago

G... I feel your being generous but I have never watched one of his videos nor do I care to. It’s just not my thing plus the fact that when people “attempt” to interact... they get no response... that to me is a little bit of a slap on the face. Yet again that is just me. You know given this user’s “Rep” and all. Have some respect for the platform and the people trying to interact with you.

$0.02

louisthomas (75) · 5 years ago

Josh I think you're being totally unfair. I don't comment very often, but I upvote all thoughtful comments on practically every post. I've made loads of videos talking about Steem and telling people on YouTube to follow me here. I'm directly responsible for hundreds of people joining this platform. And I've posted exclusive content over here that has never been posted on YouTube.

Between creating content on a daily basis, when am I supposed to find the time to respond to all the comments on Facebook, Twitter, YouTube and Steemit? Am I allowed to find time to sleep and eat and do regular human stuff?

$0.00

joshman (70) · 5 years ago

Thanks for your reply, and it was a fair response. I will just state that the reward pool is a shared resource. Many people work hard on posts and get far less for their efforts. I personally value interaction here and vote appropriately. That doesn't include drive-by posting of videos that get between $50-60 a pop. My disagreement is with the rewards and nothing else. I understand if you don't have the time to comment, but you don't need to be rewarded as if you are taking the time. It's a community after all.

On top of that, all of these big votes you are getting are getting liquified into steem and dumped on the market, during a bear market no less. What does that say about your support for the platform, being such a savvy crypto investor?

$0.00

louisthomas (75) · 5 years ago

I am getting large rewards, which I'm very grateful for, but I'm also putting a ton of effort into creating regular content. Daily video content takes a lot of work. And as mentioned - I've helped support the platform plenty - I have videos on YouTube telling people why I love Steemit that have more than 20,000 views. 50% of the rewards go to curators, so it's more like $25-30 going to me.

Content creation is what I do for a living. I wish I could sit on all the crypto I ever earn, but unfortunately I have living costs to fund (and taxes to pay on earnings - so I'm legally required to sell 20% of what I earn).

If a social media platform wants people contributing regular content, then that has to be funded somehow. No different to the miners that need to be funded on Bitcoin.

I think it's dangerous to start policing what people do with their rewards. You never know what people's intentions are. I might have a bunch of money sitting on the sidelines ready to invest in Steem when I feel it's bottomed against BTC. As a "savvy crypto investor", it makes sense to hold onto BTC while Alts are in a bear market in satoshi terms, and sell BTC for alts like Steem in a confirmed altcoin season.

If supporting steem means feeling compelled to hold onto an asset that's lost 90% of its value, then it's doomed to fail. Steem should succeed regardless of the actions of individuals and what they decide to do with the rewards they earn. Again - I feel the same with Bitcoin and Ethereum and their miners too - nobody should ever feel guilty for selling. They're providing liquidity for those who want to buy.

You have given me food for thought though about how my actions are perceived on this platform - thank you :)

$0.00

3 votes

therealwolf (75) · 5 years ago (edited)

If supporting steem means feeling compelled to hold onto an asset that's lost 90% of its value, then it's doomed to fail. Steem should succeed regardless of the actions of individuals and what they decide to do with the rewards they earn. Again - I feel the same with Bitcoin and Ethereum and their miners too - nobody should ever feel guilty for selling. They're providing liquidity for those who want to buy.

If a currency is only there to be sold, then said currency is most likely not going to be very successful.

I don't think anybody would expect of you to keep 100% of all rewards that you're earning (due to taxes & co.), but seeing your constant power-downs, it does give the impression as if this is simply a way for you to gain more satoshis. #freeMoney

Now, I get your points about being in an alt-coin bearmarket, selling for BTC, etc, but comparing Bitcoin miners to your activity as a content creator, is not really accurate.

Miners have costs that are 100% produced for the single purpose of mining Bitcoin. They're not mining ETH with those machines as well. At least not at the same time. So if they want to continue to mine, they need to sell or have other means of income generation if they want to bet on a bull-market.
As a content creator, you're recording your own videos, which are then published primarily on youtube and then either linked inside a Steem post or re-uploaded on 3speak/dtube. Now, if you were only uploading them on Steem interfaces (3speak, dtube) and were attracting viewers to them exclusively, then I would agree with your point about your costs needing coverage. But since most people are probably watching them on youtube, those costs are not exactly the responsibility of the Steem reward-pool.

A way to solve this dilemma would be to create Steem exclusive content; either whole videos or longer videos, where the last 20% of the video is only going to be released on 3speak, etc. Longer videos could be advertised at the start of the videos, similar how Logan Paul's podcast "impaulsive" is 10 or 20 more minutes longer (roughly) on Spotifiy & other podcast providers, in comparison to youtube.

That way, your actions would be in line with your intentions of helping the Steem ecosystem by bringing your own viewers to our wonderful platform.

And don't get me wrong: I appreciate your videos and they bring valuable insights.

$0.05

https://socialblade.com/youtube/channel/UCpceefaJ9vs4RYUTsO9Y3FA

joshman (70) · 5 years ago

The irony is, if you check out this guy's social blade, he makes far more posting his videos on STEEM then he makes on YouTube, yet he frequently comments and engages there.

$0.00

joshman (70) · 5 years ago

You're welcome. Thanks for clarifying your position.

Posted using Partiko Android

$0.00

spectrumecons (69) · 5 years ago

It is important how people perceive us and our content. Negative feedback is an important part of the learning process. With New Steem it is important to demonstrate that your contribution is worth the reward. If the perception is that it's not, the downvotes will soon follow.

$0.00

louisthomas (75) · 5 years ago

I don't respond to every comment, but I make sure to up vote every thoughtful comment. I figure people would prefer that, and it saves me time.

$0.00

louisthomas (75) · 5 years ago

I do respond to comments. It's difficult keeping up with comments across several platforms.

$0.00

dj123 (60) · 5 years ago

Ffs.... isn't the fomo coming a little too early in this drop? All the buy side promoters are like a plague of premature ejaculations, hope all the listeners empty your pockets buying it back up to five figure so they all can watch with regret when bittycoin slowly drags and drops another 50% from there .....beware the mass selling that's coming with the coming 2021 recession

on a side note.....good effort @louisthomas, keep up your multiplatform posting

$0.00

nithishfloopz (50) · 5 years ago

Spent all my money to buy bitcoin in the lower $9000's range have nothing left to buy the dip! :(

$0.00