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RE: Losing $3,000 in Two Weeks Has Never Felt So Good.
You did not loose money tehnically because for the moment you still own the steem power and steem. You could say that you lost if you were selling now at the price of today market. All crypto will still dropp in value you will see but after August 1st the market will go slowly slowly get back the way it was in the "golden days". Personally i see this period as a great oportunity to invest and i think that this is the last "wave" that we can take advantage. Now going back to Steemit you are a great member of it and for me a good friend that i found here!
So there is one thing to keep on doing Steem on!
True, Bitcoin is influencing all cryptos. The upcoming Aug 1st impact is the reason obviously. Though we may see this turbulence for several weeks after Aug 1st and then will recuperate to a new high for sure. Most of them are speculating 10$ per steem by year end but 5$ seems reasonable.
Though it's unfortunate enough that after having a product like steemit ready and working with thousands of users, still BTC prominently influences Steem and others. Just keep powering up until it's cheap. Invest wisely...
Yes I suppose if you look at it that way then my SP has gone up :) and you are right it's a golden opportunity for everyone to get in before it's too late.
Yeah you are right again, maybe the reason I am still smiling is because I can still do posts and interact with my friends I have made on this platform, OK my posts are not getting as much and the views vs votes are almost half nowadays but I don't think it's all about the money, otherwise I would not do as many posts, in fact I do more now than ever before.
Thanks buddy steem on
At one time I had over 8300 SP and was a dolphin here. A small amount was earned and the rest of it was from an investment of only about $780 when Steem was hovering at 10 cents per Steem. Then I ran into financial calamity because of my Mother's stroke and had to cash out everything at a profit of around $1100 total.
So I made a profit on my investment, and it helped me pay for bills, but I lost in the long run, because now Steem is over $1.00 (as of today about $1.24 right now), and it was over $2 last month.
As long as you don't cash out, there is no loss, and if you cash out too early, even if you profit you could still end up seeing it as a loss later when the price goes up even more. I wish I still had the 8300 SP. Lol.
Resteeming this to 13,000+ followers. Hope it helps a little.
Wow, the main thing is you made a profit, and I believe it won't take you long to become a dolphin again, but to be honest in my eyes you are a whale.
I'm not planning on cashing out anytime soon, this is a long term investment for me, I really want to grow in this community, you are really helping me along the way and I never forget people who help me.
I love it that you enjoy my posts and resteem them, thank you for the support :)
Joan is definitely the closest to a whale you can be without whale level steem power. An "alt" whale, if you will ;)
"Alt" whale. Lol. I like that. :) Especially since I like playing with my name, Joan ALTres (Joan of Alt, as in ALTcoin).
Since HF19, however, it's been more like being an "alt" dolphin. :(
Clap clap clap!! Well said, most definitely an "alt" whale.
Thanks for that :)
Yes it will help we the newbies a lot.
Wait to see the smile on your face like a month or two from now when Steem is going to jump over 2 usd or even higher. We will talk that time as well!
You are right this is the beauty of Steemit as we can interect with friends and post our blogs and have a lot of fun in the same time!
We will talk more about crypto prices two months from now as is going to be a total different scenario!
That's my man. I bought last year 25000 steem at $3 ; did't regret for a minute. I learned so much here on steemit about Crypto. Worked hard whole year, buying, buying. I buy every day with steem dollars. I'd tripled my investment til now. Can you imagine steem at $100?
That's good going to stick at it, even after the big steem crash and you still came out smiling :) that shows you have a heart of steel, which is what you need in this game.
Wow, $100 that really would be something, but honestly I will be happy with $10 that would make all my dreams come true. B)
Thanks for the feedback
I keep seeing predictions here and there about the potential value of Steem come year end and I'm constantly asking mysef what is steems real value and place among Cryptos, what does it bring to the table and is it a necessary solution? I am fairly new and addicted to Steem but am sometimes reminded that its more than a social Platform of sorts, there is real money involved here and real expectation that it will become a true viable means for us to conduct future business. Any feed back would be greatly appreciated from those of you that have already invested so much into it.
I can imagine Steem at $100 but i don't think it will go that far. To be honest i can see it back over $2 and then slowly slowly growing and i think it will reach $10 easy but.... who knows maybe one day it will be $100 so all of us will be very happy. At the end of the day in the crypto world everything is possible!