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RE: Wake up and stop comparing on Hive

in LeoFinance4 years ago (edited)

The price action may look stagnant now. I've seen people, some I would've thought were experienced, express disappointment at how the price has moved this week with the Bitcoin breakout.

I vividly remember October 2017. The price of STEEM had done nothing but fall step after another since the June top. It bottomed around 80 cents after forming a local top of a bit over $2 early in the summer. Come November, SBD gets infected with the rage virus and shoots up to $14. STEEM follows suit in December and tops out at $8.57 on January 3 2018. The long bear market begins but STEEM only dives under about 80 cents after the November 2018 Bitcoin crash. It's well over a dollar for the whole summer. Even SBD persists way above $1 for until the summer.

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Yep, people focus on that high day, January 3rd 2018, not the lead in (rapid) or withdrawal which took much more time. A lot of people benefited, some won't have a second chance as they never got back in.

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