Steem dropping! Oh no!

in #cebu7 years ago (edited)


Meh! Doesn't bother me one bit. I guess I really should have been setting aside 10-25% of my earnings in a more stable coin, so when Steem and SBD do correct, I can buy more. However, Steemit isn't just a job for me. I enjoy it.



Mr. Whaley said "don't panic, everything is going to be alright" ^_-

And since I am not ready now, if ever to power down my account in full- Today is just another day for me. I am by no means a Steemit veteran, but prior to Steemit, I did have a Philippine brokerage account. The volatility wasn't as wild, but neither were the profits :)

dth.jpg

Mentally, its always sad to see your account value or net worth dropping on paper; This is just a paper-loss, and doesn't MEAN ANYTHING, unless you panic sell with everyone. The only thing different between today and yesterday, is the news of Korean exchanges getting raided for tax avoidance. There could be a crackdown, but this doesn't affect us here.

-On a brighter note-

'Tis the Sinulog season! Since I moved to Cebu, I have not missed a Sinulog yet. Last year I spent this holiday with my siblings, but this year it will be with my newfound friends from @Steemph.cebu! Funny how in just a span of a year, so many things can change.

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(Me, Stanie, @gerel, and GV)

In a previous blog, I had a giveaway for the New Years: https://steemit.com/food/@purepinay/starting-out-strong-health-before-wealth and the winner was @glennamayjumaoas who won a new Starbucks planner, a small cake, and P500 cash.

IMG_20180109_184649.jpg
(@glennamayjumaoas and @purepinay)

So, to all my Steemit friends. HODL strong, and keep Steeming :D

Continue reinvesting in yourself, because last week Steem was over $7. To sell today, you would effectively be leaving too much money on the table.

XOXO,

Gilaine

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I like the odds of STEEMIT myself, the noise is always going to be there ;D

Steem should be at least $20, trust me. :)

Lets make it happen!

Steem to drop upto 1 usd

not in near future nor in far future lol i dont think it'll ever go down from now. Steemit is building a community not a faucet

It will take a long time but I am confident in the steem platform and I know for sure that this will happen. =)

yeah, but after i buy at 5, it should be $20 lol

Don't worry, i trust you!👌

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it should be equal to Bitcoin

Can you make some things clear to me as I am fairly new on Steemit? Steem is a decentralized currency and Steemit on the other hand is centralized. (As whales do make the decision who will succeed and who won't) So really my concerns stand here; Will the centralization of Steemit make an impact on the currency itself? If yes, then it will become another pump and dump I suppose.

steemit isn't centralised.

Steemit is centralised, steem isn't. Check your facts.

Hello,

Steemit is a centralized website that reads and interacts with the steem blockchain. The whales simply own a lot of Steem. In the sense, Steem is centralized. Ish. Sort of. Not really.

Ok, so I do really need to clear this out or at least defend where I stand.

Centralization is the process by which the activities of an organization, particularly those regarding planning and decision-making, become concentrated within a particular location or group. (Source: Wikipedia)

Use that definition and look at Steemit. Whales do make all the decisions here, if they like you, they upvote, on the contrary if they don't like you, they flag you.

So, the definition says power needs to be concentrated within a particular group, and it is; whales make a small, I would say tiny minority here on Steemit, and they do control it all!
(Whales = People with 100,000SP or more)

Your statement is factually correct. However, these people are whales for a reason, that usually being contribution to the platform, serious abuse of flaws in the platform, or market manipulation.

Always positive thoughts ❤😍 .. I missed you ate @purepinay.

Thats the attitude

always have to be positive! I miss you too!

thank you for trusting me, you don't have to worry about yours, it doesn't even affect you really, not like me I invested my money here, so I want you to do well and always put your feet on the ground and help the others by sharing your knowledge.

Did you finish watching that tutorial I sent you?/

@purepinay, you know sometimes i wish i could get your post first and first thing in the morning. Why?

  1. You motivate fingerlings like us who comment on your post
  2. Your post always brighten me,makes me happy and just that smile on ypur face, got my soft spot.

You are wonderful, thanks for the positive talks and all the upvotes, lol i see all 'em
I wish i had met ypu earlier!

Thank you for the kind words, and I really appreciate your support here :) Have a great weekend!

😍😊 yes,I will ate. Thank you for your advice and being supportive to us and even to other people. I will do my best to do well and help others.

@gerel thank you! <3

How much money did you convert into Steem crypto currency ?

My I request to your kindness and generosity those tutorial too. my friend on how I can learn here more Thank you @purepinay wishing your positive response for your help.


i want a sttem based animal crossing + farmville where you earn real steem/sbd

i think we can even remake cryptokitties much better on steem blockchain,... we just need a simple trading card game using steem comments like a MUDD

i’m on animal crossing pocket camp! do you play? if so add me as a friend: 6636 2749 595!

@jie28
it's a basic training @jerrybanfield made on youtube,

I share it with newbies, hope you take time to watch it and share it with your friends too

Thank you so much. @purepinay

great to see the love of u both may god increses with between u and reached upto peak

Aww, don't worry! It is as you say. Steemit is getting stronger day by day. I'm sure that as the community's value increases all your investments will be worth it. Stay strong! And thank you so much for this drop of positivity. You improve the community a lot. :)

yes be positive steem will come back

I am optimistic that it comes back soon. I noticed my latest post dropped from $0.98 to $0.88 meanwhile, I was earnestly waiting for it to climb to $1 before payout. Lol

I still don't understand how this all works :( I hope I can understand soon so that I can earn the most I can with what I already have.

Right now, you don't have to worry about your account. You have to grow your account value by creating content and powering up....keep rerolling the money.

I suggest you do 50/50 on your blog. Remember you we only get 75% of our blog earning the 25% goes to the "curators" the people who upvote your account. I'd like you to research about this. So you'll understand more.

I'll get back to you as much as I can. I have to get some sleep it's already noon here.

TC

Actually, sleep is not visiting me yet, lol

Am going out of my page a little and say hi to some newcomers, thank you for staying around. Talk soon!

@robinephy, yes it coming back now, check the market ^_- everything is going to be alright

Actually steem is trying to stabilize for this year, let no man panic but rather keep his steem

exactly. everything crashed. but only invest money you can afford to lose so you don't care and you can hodl :-)

Yes, you are on point, I guess. But sometimes one gotta figure out a way to forecast the risk involved even when it's not feasible.

Its a mild correction

you're right, thank you for the positive attitude =)

Dont be scare of any Steem FUD. We smarter than that!!

Yeaaah! Just hold it all till it comes back up, and then keep holding because it's gonna keep going up hahaha

thank you!

God bless you

Steem is still undervalued. And SBD is still overvalued.

The marketcap of Steem is at $1.1 Billion. Watching the price on a relative scale and comparing it to other platforms in crypto space, it tells us, that we can reach at least $5-10 Billion on the mid term scale (1-6 months). Selling steem now is a guarantee for regret.

When it comes to SBD one should consider that SBD is not meant to have a price over $1. So, it IS overvalued right now and the price is very speculative. I am positive this will correct on the mid term too, unless steemit puts on some hardfork to change how SBD works.

As for me, I am investing every SBD I get back into Steem. High SBD price + medium steem price gives me a very good amount of Steem to hold long term.

My Target for Steem: $10 mid term, $20-30 long term

Remember: Steemit is still one of the rare platforms that actually have a real working use case. Most crypto projects do not!

Keep on the good work :)

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I did a 50/50 payout for my first couple of posts but at this point, I am so invested in this concept that I am very willing to pass on the immediate extra sbd now for powering up to illustrate that point so I can start being a more impactful community member to my fellow users through curation.

Having 50/50 payout is good when SBD is high. We can get more steem power rather than 100% when calculated, we will get lesser. Wise decision! We will hodl on to steem.

I agree 100%, and this is why I was mainly focusing on Steem and not SBD. SBD is supposed to be pegged to the USD, which guarantees post rewards.

Do you recommend trading the rewards for posts into Steem Dollars?

Great post

Crypto goes up. Crypto goes down.

Crypto goes up again.

Hello My Sweet Friend @purepinay,

(once again late respond on your post sorry 4 that) I have always love for you as Steem Family members. you are strong minded Gilr and I hope never depressed in any situation.

Steem dropping! Oh no!

Steem Dropping at once is surprising but don't be fed up, when you see whole the coin market then mostly coins are dropping down. main thing is that Bitcoin is down at the rate now 13k $, so dont worry it is temporay and soon go high, i am agreed with you.

"don't panic, everything is going to be alright"
HODL strong, and keep Steeming

Keep Going On, My Best Wishes Always for You.

Well, it's hard not to worry about it, at least subconsciously, when your earnings half in value in just a day. But @purepinay is absolutely right! This is nothing compared to the potential that we have going on here. It will surely come back and we'll be back up on our feet with our savings!

Thank you for the positive feedback, @rabeel. How's everything going with you? I hope you are doing well.

Thanks a lot dear @purepinay for your always positive response, everything is going right. remember me in your prayers.

Hey dearest friend @purepinay. Hope you're doing great. Today when I got the notification of your post I was stucked in Traffic , internet signals were too weak there and without Internet it was too hard to respond. So I read your blog there and now at home I'm responding.
I'm totally agree with this statement:
So, to all my Steemit friends. HODL strong, and keep Steeming :D
Continue reinvesting in yourself, because last week Steem was over $7. To sell today, you would effectively be leaving too much money on the table.

Presently, I'm not hodling anything, as on this platform I'm fulfilling a major part to feed my family. But in near future I will must hodl steem. Thanks a lot for your great efforts and love for community. Your positive approach has made you more PROMINENT here on steemit.

For me you're now as famous as @sweetsssj. Keep it up @purepinnay.

Aw, thank you for the kind words, and that notification nothing you said just made my day! Really, thank you for your time and support, @jawad09

Btw, what do you do for living? Digital marketeer, or do you have other jobs?

By profession I'm an Accountant. I was digital Marketer and working as Freelancer since 2012. But since early, 2017 my freelancing career was declining. Industry was switching some other fields. And meanwhile I got steemit. So I have left everything - No freelancing, No marketing etc. In morning Accounts Job and After that all the time at steemit. Hopefully, you get the Answer @purepinay.

Steemit is for positive thing and healthy community. A very nice and uplifting post and I thank you for that.@purepinay Your also an inspiration and a big help specially those who worry too much about slowing down. Good luck to us here and lets all enjoy the ride. God bless us all

Have you seen my Bunghole? My people; we are without Bungholes...

Very right! :) But not only Steemit. All of society should be filled with positivity!

Super true... ^^
Let's continue steeming while enjoying the waves! ^^

love the positive vibe! Let's just go with the flow hahaha! bahala na si PIKOLO hahaha!

Gyahahah... I'm getting the Dragon Ball Z vibes today.. I just mentioned that I prefer DBZ over Sailor Moon on my blog.. hahaha... yeah~ kapit lang! ^^

Dragon Ball! One of the things that unites the whole world.

HODL!

Hahaha... I love how you think! :)

Heard a lot about you from @surpassingoogle, however your faith is quite strong, the panic is everywhere, I mean look at everywhere people are really scared and your faith has quite inspiring me so well, howbeit, I'm happy for your stermit cebu Meetup 😀😀😀😀😀

thank you, @josedicuss

aw! that's nice of @surpassinggoogle, pls send my regards.

Thank you for your kind words, I have notice more and more people are joining from Nigeria.

I visited your blog, thank you for the lovely poem ^_-

Yeah that's true, well I'm glad you didn't ignore my comment most people do, you have a large heart full of love @purepinay thank you for keeping the fire burning in Cebu 🔥🔥🔥🔥🔥🔥🔥

💗💗💗💗💗💗

Sorry to hear that. Sometimes people here dont actually click on their replies tab, to see when they get new responses. I am sorry if I missed you in the past. Chin up!

XOXO

Noooo I'm actually pleased, you made my day Gilaine 😀😀😀😀😀

that's really nice of you to say that, @josedicuss

little did you know, you also are also helping to stay motivated with your kind words.

I hope you are doing well!

I am doing well you know trying to swim in the huge waters of steemit, being that I'm just only a poet.

How do you keep up with all the comments? I'm suprised

Don't worry, check out my analysis on Steem:

STEEM - Analysis (123% POTENTIAL PROFIT) https://steemit.com/bitcoin/@benkalashnikov/steem-analysis-123-potential-profit

Screen Shot 2018-01-12 at 11.20.10.png

What goes down will surely come up in no time. Just time is the factor here. Need to have patience. I trust God that tomorrow will be a better day

Thanks a lot my friend, this helps me stay motivated too. I hope everything is well with you.

I believe in steem too so much. I believe by the end of this year we would see it at at least $20. That has been my prediction since late December 2017.

The good thing is, that it's 100% sure that steem will go up again.
The product is really stable and maybe the best in the whole cryptoworld and the blockchain behind is said to be one of the most scalable out there. Far better than Bitcoin.
Of course these things with limited supply of Steem, as most of it is in stored in Steem power let the currency fluctuate a lot more than others, but that's nothing to worry about.

Hey what's up Gilaine!? How's life treating you? LOL

:) Better when my autovoter is up again. Down for this week, making me work overtime lol!

Yeah coz I never see you on my top upvoters hahahaha

I wish I can make my own program t upvote everyone, having over 200 people to manually curate is impossible for me to do in 24 hrs, not to mention all the people I have to read the comments and reply to and welcoming the newbies

very will said @purepinay,

i hold more sbd and steem on crypto market, but suddenly steem goes down,
but this is the world of crypto currencies,
we will just pray that both sbd and steem will rise again...

we will pray for that...

thanks for wonderful post..

its inspired me a lot ..

^_^ @purepinay

Don't you be blue, Mr. Blu :)

Thanks for your support!

my pleasure ^_^ , thanks for support too.

Other alt coins is on red too this is due to china's move to ban miners in their country. Actually they want to kill all the miners of bitcoin. I am with you to HODL.

The whole market is.

Am not it's going to work, they've been saying it for a while now, it's there strategy so they can buy more. It's the same thing they did with there currency few a years ago, they like to manipulate the market.

Thank you for being positive ^_-

Yeah we can't tell what will happen next in the world of cryptocurrency but one thing for sure its just starting its journey we can say that digital coins are just like baby little cygnets that needs more years before it become a beautiful swan. ^_^

thank you for staying positive

Awesome post, it's true we should be more positive. I am new to steem and love it. Thank for sharing!

I love your post @purpinay

its very sad that steem goes down,
but we should hold on together and be positive all the time,
we will pray for sbd and steem will raise again..

yes its time also to tag stable coin in the market.
i also much faith on this sbd and steem coin...

we will just see...

i know hero has, rise and fall but the faith and the strong hold will cover up the lost and redeem it with high power of sbd and steem on crypto world..we will rise again steemians...sbd and steem will dominant once more..we will make sbd and steem great again!!!!

thanks for wonderful post..

sorry i got so emotional on this ^_^

take care always keep steeming

XoXo

It's only sad if you are ready to retire! Otherwise, its a sale! WOOO!

For beginners like me, this post is extremely helpful. Can't say it enough. I just started yesterday so I'm newer than a newbie, if that's even a thing. :)

Welcome to Steemit, and thank you for stopping by. I just saw your blog, love that red/gold door. Was this in Phuket??

Hi Gilaine (feeling close ba masyado? ^_^)... that door is actually taken at a temple in Vietianne, Laos. But there are lots of similar doors in the temples here. Drop me a note should you decide to visit Phuket. Would love to meet you and show you around.

you are sweet, thank you for the offer, sure, I'll give you a heads-up I hope to remember our conversation for I am getting old and all the names I have to remember. I will keep in mind. I love to meet more steemians, and thank you for writing me back, I really appreciate your time.

I hope you are doing well

XOXO
Gilaine

:) that's the right attitude! steem and and sbd and btc and steemit and all the crypto's were just made to rock! and that means it will have ups and downs. i like how u put it.

Thats fine, if it will drop to 3usd, I will buy more and power up. The posts should also bring some more steem when it is cheaper. The correction is necessary. We all know now it can jump suddenly and now lets find a new bottom and keep steeming :) I have lots of art to show to the world here on the platform.

@purepinay follwed and upvoted! No need to sell STEEM, we are still in the very early stages. Of course, I wish I found this earlier, but can't complain - a year from now, I'll still be considered one of the early adopters.

If anything, this is a buying opportunity:
https://steemit.com/steem/@dirkboy41/steem-possible-good-entries-coming-up

Great post, i like read all you histories :)

"Doesn't bother me a bit", that's the right attitude at this time. We should believe in steem and let us together hold onto it. Well written and by the way what's that in @glennamayjumaoas hand in the last pic ?

@purepinay may i ask what do you mean when you say reroll the money? Im also new to steemit and I need to have more understanding of it i hope to learn more from you 😊

I don't withdrawal money from the platform, I reinvest it by power up for all my earnings :)

wow!!!!! just to confirm is that SP delegation? I want to do it bit by bit, thanks this @sugarrainbow is learning 😊😊😊 you’re a big help and for real you inspire me a lot..

With a smile like that Steem is going nowhere:))) Long Term Steem is A Winner! Enjoy the ride and keep buying up in the Gloom!

Buy the dip... Simple as that

Great post. I thlught it would hold $5 but I bet it hits $10 this year.

I thought so as well. Especially when it breached $7. I thought we may be on the way to $10. Anyways, sale time!

Yep. Buy while its cheap. :)

I've just joined Steemit, but am quickly learning the ropes. I love that not only do you have a firm grasp on the way this platform works and seem to stay incredibly positive always, but you also understand the best ways to protect against loss and losing to the Whales!!

I will definitely continue to follow you success and future posts.

Welcome to Steemit Gait! I am new myself, but I took a lot of time to read and learn when I first joined. :)

Gilaine

lol, I'm still reading and learning. I'm still not 100% on how it all works but I'm starting to figure it out more and more everyday. And thank you on the welcome.

In Korea, last few day was very funny. The government temporarily do not allow new join to the coin market and at last today there was rumor to close the coin trade. So, in Korea, almost 20~30% dropped for 4 hours but it's just a happening and financial department released its position. Never close the market then the price has been building up to again.
Don't worry.

Korea FUD=Old China FUD :)

It will rise dont worry everyone :)

Funny, because it moved from 75 cents to 7 dollars. And people cry over a 50% pullback at the top! :)

I was very worried as my earnings continue to drop every single day since Monday. But hopefully things will get better soon. And yes, we should stay strong and steeming. On a lighter note, Happy Sinulog festival! 😍 Viva Pit Senor! 🎉🎊

If one relies on earnings, I would suggest always taking a small portion out of every post, to hold in another coin so they do not have to worry about the volatility we have been seeing :)

Gimingaw nako ug Sinulog. The parade, live bands, fireworks, street foods, and lively people. You can see many people that are happy together with their love ones. You can meet new friends too. But the highlight for this is our faith to God. Viva Pit Senior! 😊

Hi @purepinay looking forward to be one of your friens here in steemit taga antipolo po ako 😊😊 nakakatuwa po ung mga meet ups nyo nakaka ingit sana ma meet din namin kau 😊

wow congrats ma'am @glennamayjumaoas! That's great!

Thank you, Ma'am! It was like meeting a celebrity! My tongue was tied and was just fangirling the whole time! XD Thank you so much again @purepinay for your pure heart and pure generosity to help pure newbies! Lol

Such a sad thing that it is going down so much! But the bitcoin is low too.. Hopefully they will go up together soon! I just invested a little bit more in Bitcoins. Anyway, I still have the feeling it will go up again!

Yes, the whole market is down isn't it! Crypto shopping is the new shoes shopping :) Hope to see you at the next event, although I don't know what is planned aside from Sinulog.

I am already going with others to Sinulog so I can not join! I really hope I can pass by the stand! You will be in the stand?

Love,
Sha

This encourages me to keep steeming on. Thanks for sharing your thoughts @purepinay!

Its really hard moments, especially for me as a new steemians. i did made 55 steem dollars on one of my previous post and now it has dropped up to almost 47. i really felt bad

That was my first biggest achievement cause i never used to reach 4 steem dollars.

Anyways, i still believe for the better, and not giving up. it want to make steemit my life, sharing everything about me, knowledge, experience, life, moments,....

Thank you again and do really appreciate your advice

Hello Jona,

It is hard sometimes when you make a lot on one blog, and the next doesnt do so well. It happens to everyone, and the worst thing you can do is lose focus and motivation.

No matter how much you earn, if you continue to reinvest, and Steem reaches new highs, you can multiply your earnings by that much :)

Gilaine

I love your perspective and mindset on all this. Thank you for always a cheerful person! Keep it up @purepinay

I also think that way. Steem is a very safe investment and continues to move by investors or new users who will continue to grow. I feel like that.

As I newcomer here on Steemit I like to hear that people have big faith in the Steem blockchain. I also believe in this platform so will probably make a small investment and hope for Steem price to climb.
Thank you for your knowledge. Hopefully we will all succeed here :)

I agree :) (Well, I hope we are both right about the longevity here... I think we are) Either way, its a fun place to hang out and to make all sorts of friends from around the globe.

Gilaine

You are always ready to bring smile & motivation among the steemians @purepinay
No doubt got ups & downs in recent past but hopes are alive My Friend.

Its been a huge debate on this very topic but i do personally feel that the 2018 year is going to bring more Peace, More Calmness and Financially soundness.

You are motivation and inspiration to many minnows presnt here Yes i am your biggest admirer
You changed my way of thinking and approach towards life for which i am truely much obliged to you ♡

My Support and Respect is always with you

Stay blessed, Steem On!

what a beautiful lady :)

Thank you for sharing your insights on the price of Steem.
I am hoping to meet you soon @purepinay, hopefully..

Stay beautiful inside and out gorgeous @purepinay! 😙😍❤

Wow 100 bit is my 3 months income here on steemit. it's so hard to have that SBD huh. your so lucky @purepinay. have a great bless life. for always God bless. hoping to earn here as much you bid, lol hihihihihi

Marketing! Your Steemit is your business, have to pay for advertising :)

Daghan salamat sa reply. God bless. hahaha never pay I am a newbie here. maybe soon. Thanks again.

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