RE: All Is Well With STEEM: Ignore Price Action: This Blockchain Is On Fire!!!
My husband is a bottom line kind of a guy. He asks me daily, "what's steem doing today?" For a few weeks, I would pacify his general curiosity with the price of steem and sbd's, as well as what my steemit wallet showed as the value.
But after watching the numbers go up and down in real time, I became frustrated and frazzled. So I stopped. To be honest, if it weren't for my husband asking every day, I doubt I would even open up the website url's for coinmarketcap or coingecko to see the numbers.
It can be addicting, I will admit that; but I am on steemit for long-term, with no signs of slowing down. So if the price of steem and sbd keep playing the see-saw game, then so be it. What it is valued right now, will change in the next second.
Since I have NOT invested a penny of our own money into steem or sbd, I feel as though what is in my wallet and what I have earned is of no loss to me as the market and pricing fluctuates; as the money there is earned.
Price goes UP- YAY!
Price goes DOWN- wait a few minutes it wil probably change
Agreed @goldendawne I am so new with literally no SP or Steem so I am in a building phase so it can go up and down I am still learning!
That is a good way to be. Check back in about 6 months to see what is going on. That is the only approach.
Cryptos are volatile. There is no way around it. If one gets caught up in the up and down of the price action, one will go nuts.
That is why bankrolling the SP is the right thing...let it build up, maybe add while the price is down if one can, and keep posting.
Over time, the price will adjust...the market will correct.
We all need to focus upon doing our part to make the steem blockchain as powerful as we can.
We all need to focus upon doing our part to make the steem blockchain as powerful as we can.
Yes I completely agree. It will all balance out and stabilize I believe.
You have nothing to worry about then. This is all play to you. That's a good way to look at risk. Some of these cryptocurrencies tip people sometimes. That's all play too!!!
Yeah my husband is curious about the ups and downs too, and its totallly my fault because at the start of my steem life I was cashing out my sbds. Now I've learned it'll be better for me and for everyone if I keep powering up instead. Still a little confused as to whether I should buy steem with my sbd now or wait til sbd is higher... Anyone care to weigh in?