RE: Steem Price Is Falling! Celebrate!
I stuck it out through the first 8 months as the price slowly decelerated a path towards zero, due to its 100% inflation rate, and probably a month early I started powering down, but I still managed to get about 50% of potential profit out, from the lows around 10 cents.
Rossen is 100% on the nail when he says that the time to post and curate is when the price is down - because all the weak hands and short-term-focused people who have been helping the price also go down faster, will go look for some other get-rich-quick scheme, meanwhile, us diehards will be reaping rewards from a lesser number of posts and comments and votes, meaning, per capita, we earn more. You just don't get paid until the big FOMO comes the next time the price turns.
By the way, I expect the price to bottom out at 75 cents. I am hoping that will coincide with me having another @euro;666 paid to me by the dutch welfare agency, because I am quite sure that we are going to see it push over $4 next peak.
Very well said in the second paragraph. It's such an optimistic way of looking at it. Not only for rewards and curation, but the price being at 10 cents is a phenomenal opportunity to put external money in! I believe price will fall to around 25-50 cents again, and then we will be able to ride that train all the way through until price is at $10+!
Yes, I think I managed to put in about 800 euros at one point the price was down at like 20 cents... I have to get better at planning that.
Damn, I mistyped the html entity for euro. that is € : €
That's awesome. Let's just ride this train as best we can and see where it goes :)
Very well said.