STEEM TIPS: Keep posting on the way down and on the way up.
Look, no one likes a fair weather fan. Folks that come here when it's hot and leave when it's cold aren't that great for the platform. What this place needs is some steady hands on the investor front and steady bloggers on the active front. I was posting when I was making 7 cents. I did it because it was fun. I did it because I had things to say. I did it because I wanted this place to be better than it was.
Don't stop because the price went down
SBD are still close to 10USD. You still have an assload of rewards to collect. You still have things to say, draw, write, and express. Don't stop just because the price is going down. The fair weather folks might leave, but the investors stay, so you have a nice little opportunity here to post when some of the others are feeling too down and out to do it.
Don't lose faith. This is crypto.
If you're from Southern California you know the weather is gonna be nice. If it dips from 75 to 72 you put your sweater on and you deal with cold spell. If you're from parts of New England you realize the weather can change in 5 minutes. Crypto is more like New England in that sense.
This correction does crazy things. New money looks at this and says "holy shit, that's cheap" and now we have new sources of money in crypto. People that freaked and left are gonna come back when they see they sold too early and shouldn't have. This correction is gonna get some new blood in crypto, and that's good for all of us.
Will that take an hour? a day? a week? a month?
I don't know. I'm sorta assuming that we'll be mostly recovered by dinner tonight, but we'll see how long this lasts.
Crypto is a fickle animal. So, I have a suggestion to help you if you're the type to take a lot of money out of crypto as you're going. Find a price point that you're comfortable with. When it's less than that slow down how much you withdraw. When it's more than that speed up how much you draw down. You won't like pulling it out when you're up, but if you have already made peace with a number it should be easier, and it will hurt a lot less than having to pull out extra when you're down.
Price isn't all that important if you're not drawing down
If you're hodling it doesn't really matter what the price is. So, the rewards you earn now will be there when you are ready to cash them out.
Just don't stop Steeming cause the price is down. It should be back up before you know it and future you will thank current you.
Great article. One post a day is the best way to do it!
Do whatever you do best with heart and soul, industriously, bet the rest comes rolling along.
Very true, That should be the strategy if we want to succeed in long-term ... these volatility shouldn't effect you if you trust the platform and the technology behind it.
Totally agreed to this! The only regret I have is not posting more when steem price was below 10cents, luckily I never sold majority of my earned Steem Power. Scheduled to be Shared to my Steemit Facebook & Twitter Group on the 25th December👍
Consistency is the way to mastery;) Nice post!
@aggroed doing what he knows best..ie great post with constructive adbise..keep it up and thanks. Also I mentioned you on my latest post, feel free to see it. Happy holiday season.
The rewards will come. As long as you are accumulating Steem, SBD and you think the price will go up in the future. The rewards will be much bigger of course when that happens.
Because of the 'cooldown' time of 7 days. Before you get the reward. It wouldn't make sense to only start writing when the prices are going up. Since that can change at any giving moment.
So buy the time you get your reward. Steem could be worth a whole lot less.
What makes sense and what people do are often not aligned.
Anybody who complains when steem "crashes" down to $2.81 (which would be a super pump high just a few weeks ago) is the definition of a fair weather fan.
This isn't even a blip! 30% down at breakfast, 30% back up by dinner. Call me when Steems are back below $1.50 and I'll start to worry... until then, we are still enjoying gains gains gains in my book.
Well said man. I'll still post and buy steem no matter how low it goes. The more great content we make the move value steem will have in the long run.
and I will start buying.
the landscape has been littered recently with fair weather fans and you're right, nobody likes it.
One year ago today, more or less, we were posting together at .07 cents USD. It was rough, but a great group of 'steady hands' kept steeming away.
I'm 100% powered up. All proceeds have been going to SP or to helping minnows. There's perks to living with Mom and Dad, LOL, very little overhead.
SBD at $14 + and Steem at $4 USD, it's just the tip of the iceberg. Keep the quality content coming everyone, you'll be happy you did!!
And a year from now we will be commenting how we use to post for $4 STEEM....
It is going much higher which means the payouts, in terms of dollars, is going to explode. Those with more SP are able to affect things in a positive manner.