You can't reach the peak if you doubt and quit from the bottom
As we all have seen the crypto market is more bearish with every week and it has reached its 4 months low. The price prediction gurus are nowhere to be found anymore and my prediction is that they might be out of the crypto world as well. The ones who will stay in it on the long run will see them when prices will almost reach all times high again because that's when the level of confidence grows.
Being in the crypto world for almost half a year I learned that prices are dictated by the wales due to their large investing capital thus the best strategy is to stick to your plan and don't sell when the FUD comes. Bought at a pretty low price, keep the coins and wait for the next wave. It was obvious that if Bitcoin grew from $3000 to $20000 in three months this price bubble will burst, because the price was a bubble. Not the blockchain system, Bitcoin and other tokens.
That's what many of us haven't understood when some experts called it a bubble. In December I remember watching a youtube video of someone saying that the $18000 price mark is a bubble that is going to burst. I told myself that he is a crook and I bought Bitcoin at that price. A week later it began sliding...
Now I'm following that guy realizing that he is really a good investor that uses charts and years of experience in investing to talk about crypto market and not just personal opinions and euphoria. After all the crypto market is a huge arena that a lot of experienced investors have joined successfully. They somehow sell when we all buy and buy when we all sell this way dictating the prices due to the big amounts of money that they have to invest and control over the media to launch shitty news about crypto from time to time.
Same happens with Steemit. When prices are low a lot of users don't feel motivated anymore to post forgetting that the whales they are envying have been posting since Steem was just a dollar or less. Persistence made them wealthy, not the wait for big prices. It's simple to figure that if you save your hard earned SBD a year from now maybe you will sale it at $10 per coin, but if you quit now you will not have what to sell.
The mistake that a lot of us are making is quitting to soon from this arena. They just want to make themselves millionaires over night and that's hard to do. Generally if you trust the game you entered and are confident that it is going to work you have to keep going forward even when prices hit 4 moths low or maybe a year's low. It's like in a marriage, you don't divorce your wife every time you argue with her.
Thank you for reading!
It's true: persistence is the key on Steemit. Each day when you don't post or place a comment is lost money or Steem Power.
I noticed in your wallet that you are trying out some resteem service and some bots. Are they doing what you expect?
I would try to power up as much as possible and only to start using them after you paid back the delegation. Once you did pay back the delegation, every steem or SDB you earn is really yours. Then you could some % to use bots.
But that was my strategy! I did notice that once you get above 15SP, life gets easier on Steem!
It helps using bots because you get some bigger upvotes than usual and more followers. This way you earn more steem power also. I haven't bought steem until now so I used only what I earned from previous posts. I am only at about 5 steem power for now, but I'm confident that it will grow. That's why I try to be consistent on Steemit, but not boring. Thanks for your comment and wish you great rewards for your work on Steemit!
Could you explain why it does get you more followers?
I do understand the part of the bigger upvotes but you should also think about the 25% which will go to the curation!
I don't know how it works but every time I used bid bots I got more upvotes and followers also.