You are viewing a single comment's thread from:
RE: AskSteemit: What is your average buying cost of Steem? Mine is 78 cents per Steem.
Hey, @riseofth.
I'm glad there's at least someone else thinking about things like this. :)
I've bought in different amounts starting as high as $6-something down to around $0.48. The average dollar cost is a little under $1.23. Factoring in what I've earned from blogging, contests, etc., brings it close to $0.90 USD. I do have some fiat left, but it's not enough to affect a whole lot of change unless STEEM drops to $0.10 USD or below.
It is very inspirational journey and I would say, smart strategy. Rather than waiting on price to recover reducing the dollar average cost per Steem through blogging, contest even delegation is the game we can patiently play in this bear market. Crypto-market is extremely volatile and cyclic, both highs and lows are nerve crunching for investors. People can't sell at high due to greed of selling higher and buy at low due to fear of getting further down.
I have another #AskSteemit blog about possible low, high and price swing of Steem. You may find it interesting too:
https://steemit.com/steem/@riseofth/interesting-patterns-in-steem-s-historical-prices-during-mid-of-every-year-along-with-bottom-and-peak