A missed out opportunity but no regrets
Actually when Trump Entered the Oval Office and cryptocurrencies soared high I did not realize that most of our "Sick" Steemians were neither sick nor busy offline but they were cashing out everything as the Steem prize touched 37-38 Cents.
I was doing everything at my normal pace, I am still doing my regular power-ups but the only change I see is that my wallet which was showing almost $16 k is back to $6k. Did I miss the chance?
The last time was on December 2023 when the Steem was showing signs of doing better but then I had hardly an amount worth mentioning but even then my wallet was at $ 9K.
It sounds like the same when our share market in September 2018 jumped by a massive margin within 1-2 months. But as soon I entered and bought some of the promising stocks the index fell by 22% just in the next few weeks and ended up falling 24% in six months and 39% in a year.
This clearly shows that my strategy is wrong and I must 'buy when rumors gain momentum and sell when the news is correct' applies here in Steemit too.
I guess the formula of the stock market applies in the Steemit blockchain as well with the difference that in our share market ETD (exchange-traded funds) and foreign portfolio investors increase their holdings when the chips are down but the Steemit blockchain is controlled by whales and bigwigs.
Yeah, it causes some movement in the shares for some time, but it is also not necessary that common investors like me benefit but i most cases they miss out. However, the fact remains that institutional investors always stay ahead because they take positions even before the index is included.
As far as common investors like me are concerned by the time I get information about the change, the game is almost over. Therefore, it is not wise to invest only by looking at the index entry.
But how do I know when is the real opportunity for retail investors? I guess I should follow my strategy and remain invested in Blue Chip companies that move within a limited circle therefore not giving you much overnight but also you never feel as if you missed out on any big opportunity.
People feel when ETF and foreign investors increase their holdings this does cause a stir in the shares for some time, but it is also not necessary that common investors benefit. Therefore I will go with my long journey, and avoid shortcuts as I feel that this is the right time to invest in Steem and wait for the boom in the market.
I have no plans to cash out yet and miss out on my Orca at this stage. Of course, the whale is out of my reach as yet. I hope you will agree with me.
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The Steem price... In any financial system, there will always be debates and even arguments about profits and losses, trends and forecasts, smart investing and it all revolves around... hot air. Whether you have a good hand here and buy cheaply, sell expensively there again, does not change the overall balance: you have a little more money in your pocket for a short time, but at the same time you have to spend more on your own needs. We won't change this correlation if we keep playing the same game over and over again. We urgently need a new economic system; cryptocurrencies could be a building block of this - but only if we don't act in the same way as we do with fiat money. And that's the point: we humans need to change our way of thinking. I'm pessimistic about that now, to be honest. Not just on the Steem...
Yep it's all about the price of Steem and the way it's being handled by the management. Let's rethink and shape the strategies from a new vision and let the price of Steem stay stable. There is so much to account for!
They say, "Never put all your eggs in one basket." I hate to say it, but if you're serious about crypto investing, Steem shouldn't be a top priority...
Deep down, you probably know this too. The key is diversification.
If you're committed to Steem only, don't go all in. Instead, split your Steem purchases: power up half and store the other half in an external crypto wallet or exchange. That way, when the price spikes (which is often temporary, based on my observations), you can sell your liquid Steem and take some profits.
If you want to make the most of your time and effort on Steemit, the Club 50/50 strategy is the way to go. I see no long-term benefit in committing fully to Club 75 or Club 100...
Nah, this is not about Steem but a general thought. In fact I have been investing in Bluechip shares for a long time and my portfolio has some of the top gainers. But you know, nothing is permanent so are my stocks. As far as crypto, I have a very small portfolio that I do for time pass.
Alright, no worries then. 🙂
Yo trabajo sin parar en la plataforma, y cuando recibo algunas recompensas, por lo general, la moneda baja. ¿Será que soy pavosa? Jajaja. Me gustó tu texto, por lo visto, ndamos muy perdidos en estos mundos, jajaja.
We the common users are all same and will keep doing what we are at the moment. No, we are no fools.
Thank you @radjasalman, much appreciated.