STEEM CRUMBLES...The Panic Begins...!!!
People are sad...they're angry...disjointed, disillusioned...THEY'RE FLIPPIN THE FREAK OUT...!!!
All over the Steemit hemisphere, the cries of woe can be heard echoing off the canyon walls of discontent, due to the recent DROP in Steem, along with SBD. Especially painful, is today when the value of Steem dropped to 'ALMOST' below the one dollar mark; and it will probably happen before the day comes to a close.
BUT...
I'm NOT unhappy at all, though I understand why some people are very unhappy. Some people here on Steemit have made it a job of sorts, posting and growing their accounts. They've come to depend on transferring their gains to exchanges in order to cash out, and use the Fiat to pay their bills.
I sympathize with those who NEED that extra income; especially those with young families to support. For those of you who fit into this category, all I can do is present a message of hope that, as the market goes down, so too shall it rise again. This doesn't help put food on your table, but you'll find a way...
For those who have a little extra income to spare, this is a prime investment opportunity for you. Although buying in a bear market is contrary to what most people tend to do, the experienced investors...BUY...while it is cheap. It could very well go lower too, so hold on to some funds to buy 'more' as the price drops. You'll be so happy that you did, when the price returns to $4 or $5.00 in the near future.
Cash half of it out 'then'...NOT NOW...
Great post!
Thanks for tasting the eden!
You're welcome...
When does good advice begin to look like the impossible? How low does Steem have to go before people can feel comfortable jumping in? It's anyone's guess, and with the latest dip in emotions related to HF20, the outlook either doesn't look good, or it looks exceptional. It's your perception, use it how it makes you most comfortable.