Since the beginning of the year, most cryptocurrencies have been declining. This is of course related to the fracture of the Bitcoin bubble. Coins of many projects now cost very little compared to their ATH. Similarly, our STEEM, which loses a lot to its maximum price in BTC and in USD. However, there are positive aspects of the current situation, especially for those who believe in STEEM in the long term!
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With the drop in the STEEM price, the platform's activity also drops, many people leave, withdrawing their STEEM POWER. They are people who don't believe that the course will rebound, are impatient and are afraid for their money. However, those who believe in a project should think about profits only in the long term.
I suggest the current situation on the market to be treated as the time of purchase and accumulation. Selling at a low price during difficult times is a sign of weak and people who do this always lose the most. I have been observing the cryptocurrency market since May 2017 and I see that psychology has a huge impact on investors' behavior. Most buy only when there are increases. Why is STEEM not rising now? Because people are afraid to buy. And who will earn the most in the long term? Those who are currently using situations to increase their resources.
In a word: When others panic, you buy, multiply, and during the bull market, you will count profits. In addition, many people on the stock exchange trade in STEEM tokens without even knowing about the existence of a platform! On the cryptocurrency groups, people often asked what is the STEEM wallet, not to keep it on the stock exchange. Not to mention the benefits of converting it to STEEM POWER, ideal for long-term investment. Many traders don't even know about it ...
I may never sell my SP. In the long-term, this may allow you to generate real profits for holders of a large amount of SP. Everyone wanted to join STEEM when its price was $ 8. Now that STEEM activity is low, use it to earn more tokens than at a high price.
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The advantage of the low STEEM price now is that if you create posts all the time, you're earning a lot of tokens, despite the low value displayed. If your post earns say $ 5, now with STEEM price around $ 1, you get about 5 STEEM. If it were the same with the STEEM price of $ 5, you would get only about 1 STEEM. Do you understand that this is a great time to collect STEEM POWER?
The higher the price of the token, the less items you earn. Therefore, the current market situation should be an opportunity for all interested parties to increase their power. When we approach the next BTC bubble and the price of STEEM exceeds $ 10, it probably will not come back to the current levels, and then building a strong account will only be available to the rich.
The second advantage of low activity on the platform is that we have a better chance of getting rewards. Every day, the same number of new tokens is created (and it decreases every year from what I remember). The less activity, the easier it is to upvote. That's why I encourage you to create good posts and long-term faith in STEEM.
Those who joined at the beginning of the platform have already made a living. However, all of you still have a chance in the long term! The platform has more than 1,100,000 accounts (100,000 in a month). It seems that they will introduce procedures to speed up the registration of new users, so we will probably exceed 2 million in 2019, then 5, 10 and so on... We are at the beginning of this "new Internet" all the time.
Very good and useful idea!