Today was a bad day for ALT Coins in the Crypto Markets... The Steem price hit a low of .80 and got lots of people pretty worried... I have no idea why. 🤷🏼♂️
Let me explain, throughout the 6 months I've been here, I see lots of Steemians always complaining about the price of Steem. When it's high, people say they missed out... but when it's low... they are scared to buy. 😱
This makes no sense to me at all... you see, smart investors do the opposite. They buy on the dips and bad investors tend to wait and buy when it's high.
The funny thing is that many Steemians complain when they see "Whales and Dolphins" with tons of Steem, they usually say "You got so lucky buying so low"... well guess what guys, here is your chance.
I can bet you right now many of you won't... 😓
So in a few months when you see tons of Dolphins and Whales with lots of Steem, tons of people will be bitchin' that we got lucky... we took the risks to buy on the low while many of you sat and watched.
I'm not here to be mean but that how life works, people who take the most risks tend to succeed while the majority bitch and complain that they never get a break.
Wait a few months from now, you will see the same people who are complaining now will be the same people bitchin about how we all got all our Steem cheap and we were "Lucky"... 🙄
The same people who are complaining will continue to complain down the road and say that their voting power sucks and that all the whales and dolphins make all the money. 🤣
So at the end of the day, the people who are bitchin' now will be the same people who will be bitchin' months from now... So don't be a little bitch... Just Sayin 🙇🏼
So at the end of the day, you guys know what to do! My bad for the all curse words, sometimes people need to hear the raw truth 😝💕
Where is the price of Steem Going? What are your thoughts? I can see it going to .60 if the ALT markets continue to sink in the next 2 weeks, but I see the light... people will regret not buying any by December. 📈
Anyways... too all the risk takers out there, Keep On STACKIN! 🤑
@stackin I'm right there with you! I've been stacking STEEM for the past couple months and very soon I should have a self directed IRA set up to invest some retirement funds into it too. Just hope the price stays down for another week or so until the funds are available!
Anyway we really need more people to invest in STEEM, not just come and complain that they don't get any rewards for free. I think your PSAs about investing in STEEM and buying low are great so please keep it up!
What’s up Steem beast!! You got more than me now, I have catch up 💪🏼🙌🏼💯
I'm sure you will! BTW I just recently set up a witness server, you can see my witness post here: @yabapmatt's Witness Application
Would really appreciate your support if you like what you see. It will really help me stack more STEEM!
Fine post with excellent perspective and some pertinent points. (And written in wonderfully blunt and direct text, which provides a nice personal touch. :-)
We can add that the minor dips and peaks make absolutely no difference for long-term investing. Several times over the past few years, bitcoin has plummeted over 50%. I bought in 2 spurts, both times when the price was dropping. After my purchases, the price continued dropping, and stayed low for relatively long periods. Today, those historical drops are completely irrelevant.
The same goes for other cryptos, and in fact, the same goes for those stocks that are now at insane levels. Apple, Amazon, Google, and many other non-bluechip stocks went through similar trajectories to those that cryptos are going through now.
(For steem and bitcoin, the outlook is much more positive than for the aforementioned stocks. While those stocks are now insanely overvalued, it's safe to say that most cryptos are still insanely UNDERvalued.)
Given my experience with bitcoin, I intend to buy more steem if and when it drops to 70 or below. And if the price hovers around that level for a year or more, I'll grab another armful.
To summarize this long comment: Buy.
Totally agree... the buy and HODL method for Steem :)
Stacked up so hard early today :)
Keep Stackin
Cheers to the Visionaries and the BIG Picture :)
well depends on bitcoin price.. btc at 10.000 means steem at 0.30$ imho.
I’ve been buying the crap out of it since September. No complaints here! And now I earn steem power from my stack from curating each day.
And after bitcoin does it’s thing this month I’m gonna trade some more of my btc for steem. It’ll have its day...EOS AND BTS had nice pops recently. Steem will too. Just a matter of time. And when it does my upvotes will be several dollars and not just fiddy cent like they are now.
I believe Steem will have a huge bounce in December :)
That would be awesome! I could see cryptos rallying near the end of the year and going into the new year. Seems like they’re becoming more mainstream.
I bet we could also see a good bump when people in the U.S. start getting their tax refunds in early 2018. I saw that happen in the penny stock market the year that the movie “the wolf of Wall Street” came out. I think it was 2014 and a bunch of MJ penny stocks went absolutely bonkers that year. I missed out on most of it...
Buying regularly in small increments means you avoided the peaks a troughs by averaging your cost.
Just bought 475 Steem, if it drops more i'll just receive more Steem for my fiat!
Ballin :)
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Smart points. People always complain that they missed the run up, but they complain when the price drops. Gotta seize the opportunity. Now is a great time to buy Steem. It could easily go back to $1.25-1.50
Stackin like a Boss!!!
THE TEAM STACKIN MOVEMENT :)
saying right
Very true @stackin. If people genuinely believe that it's worth $2 then this is a massive discount.
I bet a lot of the same people would be super excited if the iPhone X was 60% off and wouldn't hesitate to buy.
Markets (crypto in particular) are more of psychology than of analysis. Not many could buy when market is in deep red and depression has all the way. Not many could withstand -70% performance on their position. But everyone could comply afyerwards that the whales took all the pond.
@stackin You are a MEAN MEAN man. The snowflakes that live here on the STEEM blockchain don't want to hear the truth. They certainly don't want to know anything about how the real world works. Hasn't anybody told you that it's against the law to tell them that real life isn't made up of unicorns farting ice cream cones? How dare you try to give them a dose of reality. Shame on you for pointing out the facts of life. Aren't you worried that any snowflakes reading your blog post might in fact actually MELT? You know words can really hurt them. Perhaps you can still save a few of them by placing a disclaimer at the beginning of your post warning all snowflakes to either not read the post, or to be sure they are in their safe place first. Steem on and keep stackin it as high as it will go.
The delivery! ..so so freezing.
Oh man you're hurting my sides!
Just Keep Stackin you little BITCH !!!
I couldn’t of said it any better 😂
LOL
Totally agree with you :)
You're making some good points here @stackin about the general psychology of people when it comes to the markets. At some point you have to pull the trigger or you will always be left on the sidelines (and complaining about it).
I'm locked and loaded haha
Same. Just bought some more!
Bwahahaha
I ignore those who always complain.
Sometimes..when I'm bored or feeling nasty.
I bait them.
haha, a good trollin to the complainers is always fun :)
Getting as much SP as possible! =)
Can't go wrong with Steem Power! :)
There seems to be some correlation between a spike in the price of Bitcoin and the dip in alt-coins. It may have some correlation to the dropin Steem price.
To your point about buying on lows and and selling of during highs, this only works if you truly took the time and effort to understand what exactly it is that you are investing in.
There are many a times when buying low also means buying a currency that will never see a high.
I do not believe that is the case with Steem however. That's why I'm here :)
God Speed Brethren.
The most real post I’ve read today. I’m buying the dips
Just wait until after Bitcoins hardfork in mid November. Lots of people are going to be switching their BTC for Steem making the price go up! $2 or $3 USD by the end of this year?
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[steemit](https://steemit.com)Unlike short links this allows the reader to see where they are going by simply hovering over the link before they click on it.hii dear @stackin, nice update about steem price. your assesment is right i think thats the time we should bought steem due to down rate. and there we should not e worried because it is temporarily and again it go high, we should hope for the best.thanks for sharing informative news.
Steem On...!
well done my friend ! I couldn't have said it better myself ! Upped !👍💰👍💰👍💰👍
Hi Charles, thank you for sharing your view on this topic.
A few minutes ago i bought 25€ worth of steem via blockchain.info
I paid a fee of 3,85€. Can you recommend me a way to buy steem with lower fees?
I keep on stackin :)
Thomas
I buy it with Bitcoin, and I use @blocktrades for the exchange of Bitcoin and Steem. Maybe you bought Steem directly with the Euros, so the must apply same as that in case of buying the Bitcoin, or even higher.
Better to buy Steem from a person you know here, and tranfer the money directly to his bank account, so the exchange fee would not apply.
I'm new on Steemit, I enjoyed reading your post and I'm sure that Steem will go up since it is now $0.91 it went up (5.87%) in the last 24h. I wish I could invest on Steem at this moment.
Buy when everyone is desperate to sell. Sell, when everyone is desperate to buy...
YES, its so simple lol
I think we have seen the 80 cent floor :)
You are spot on! Be brave when others are afraid..and as always, keep STACKIN'
I bought about 170 Steem in past 2 months, and I will buy some today itself. Low on money, else I would buy more.
I am stakin stakin stakin
And I will keep in staking regardless of the price!
Bitcoin...price is rising as like as jet aeroplane.
Outstanding perfomance for bitcoin...
Thank's for sharing
I remember the 7 cent steem days haha. Luckily I posted some at that time. I was around when it was over 3 dollars too. Buy buy buy!
I would buy right now, but I do not have the money.
Nice and complele analyse about steem price by @stackin
But...I realy know and trust steem price grew very soon...and I always trust steem can change my future...
Thanks @stackin for sharing your valuble knowledge with us...
Upvoted...
Cheers~~~
I was studying your stuff right now. Just a good time to be a successful person.my favorite page , follow up , It is nice to follow you. @stackin :)
Right on! I need to get on that!
enough said! we don't wanna reglet when the coin goes up! I believe in steem as well. Thank you.
Never seen steem price is in this level. It was almost 0.80 which is not even thinkable. And it remains within and lower of 1 for a whole month. Unbelievable.
I lived thru the valley of $.08....I was ESTATIC when it reached $.80
Really, but it was my first time in such situation.
Though it is better to buy some steem but the market should be let up.
Steem is the source of all my discretionary income. Everything else is took.
I made some money on Steem...INFINITE profit.
All I've invested is my time.
If I wasn't on Steem (the blockchain) I'd more than likely still be on FaceBook.
for free.
So much better than Facebook!
yes.. I would be very excited if it went to 17 cents.. then I might invest.. even 0.50 cents! But I’m worried about mass migration and people calling it a shitcoin. That could be a big problem.
steem price drop down under $1. Its 0.80 level now. After long period steem price was low. This is opportunity to buy steem. But someone has doubt price not rise up? As my way, hopefully think its rise up again in recently.
It is really a good time to buy if you have money to do so. keep on stacking man.
Been trying to save my up votes, but I had to for this. You have to look at the market as a whole and bulk up when the price is low because when it does increase you will get the benefits of it. Thanks for this great post and keep cryptoing out!!
I predict is going to dip down to 0.666 and then shoot for the moon.
Just to prove that if you're not stackin, then money can be the root of all evil. ;-)
You should show big point of steem. Nice analysis. When i came steemit i have never seen steem price under $0.80. Nut in that, i was done already. But probably Its will be rise up very soon. Don`t worry.
steemfest on.. have enjoy & fun.
I bought more today, if it goes down more I will buy more too
Another spectacular post @stackin...you nailed it.
I bought a batch at $.85 today and started the process to move some funds around. I would love to see it get to $.60...I will buy another batch. At this point, STEEM isnt going to zero...the steem blockchain isnt going away.
So what is everyone afraid of?
In fact, there is my next post...
Thanks for the inspiration @stackin.
So true buy the dips and hold then buy the dips or buy the dips sell the highs.
It seems that Steem is not yet hit a bottom, nobody knows where this is, but Steem is at bargain price NOW. Keep stackin :).
Been trying to accumulate little by little when it goes under a dollar with the understanding that the time will come when I will not be able to do that anymore, and then celebrate! Due for another buy :-)