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RE: Re-thinking Your Strategies-as a Steem Buyer

in #steemit7 years ago (edited)

Good points, my intention was to not just immediately (the very second) I get a reward notice to buy steem. More in the light of hanging on to the SBD and waiting to strategically buy in the short term, when there are downturns. I totally agree, daytrading SBD for cash back and forth is a fool's errand, of which you will surely get burned bad if you do it for a long time. My personal opinion was that I follow my gut feeling of where the market can go in a few days, and buy steem and power up that way rather than just the second I get it. I surely am not claiming everyone follow this like a stock, it is not that at all. I have, and will continue to buy as much steempower as possible to up my influence on this platform. I am nothing but long here, and love the concept of those that are also have steempower, which is as forward thinking an idea as there is right now within cryptos in my opinion. Great points thanks for the input here #nxtblg it's greatly appreciated!