First reason, its under 5.00 usd. For my own portfolio I have started buying steem monthly, or every time I can get it for less than two dollars.
I was on coin base for this however as they are down I have been winging it and buying smaller amounts, as I get use to moving in the crypto world and not my normal habitat of the stock market I will set up buys for more steem more regularly.
Seven day look at steem.
My plan is to buy as much as I can afford until it hits the 5.00 mark then hold and generate more internal on the site, the goal there being to matched earned steem to purchased steem. My hold will stay until steem reaches a leveling point, and there I will divest half my holdings into usd. This is how I look at it and why I feel so strongly about holding long term. If you purchase steem at 2.00 usd, let's say 50 steem totaling 100.00 usd, then earn 50 steem thru posting and curating your account you have effectively purchased steem at 0.00 usd. I say this for myself, my market logic only, and I will explain why, the way I see it is if I was not on steem I would be doing all this blogging, resteeming and up voting for free on another social media site, that means my time here is freely given, I still have a job and spend no more time online than I did when I was face booking and on Instagram. So net zero for time on this and the conclusion is that I pay zilch for my steem, even when I'm buying it with bitcoin.
As long as I earn as much or more than I purchase...
For me steem is a long term investment, both because of the company model and what I see as massive potential growth. There is a gut factor as well, I firmly believe the economics and scalability is all coming into place and having talked to a lot of people face to face about this idea I am very impressed with how this platform grabs people by the face and never let's go.
I have not talked to a single person about steemit that has not gone on to make a blog and purchase some steem. Its very impressive and I get that gut check about it hard. There are very few things you find in life that excite people across the board and personally when I find an idea like that I get talking with my purse. Its my portfolio, don't judge. :-)
There are bumps ahead, ironing out to be done, however, over all, the numbers I see pan out to growth, nowhere more clearly is this shown than on the three month chart.
Now, without a doubt there's the blaring fact that last month showed more volume than ever before. This is good for sure but by itself is meaningless. Breaking 40 mill volume notwithstanding I think there are other things to be noticed on this chart. The pattern of consolidation stands out to me as an upward indicator, the rumblings in volume appear to be shifting as well in an upward indicating manor. This is a very pretty chart in my book and after some fairly deep digging into the numbers of steemit as well as using the platform I am fully ready to call it a home and start investing for the long term. I am very positive on the long term success of steemit.
I want to add that this is all opinion, and should not be construed as advice, I do personally own steem at the time of writing this opinion piece. Do your research and invest your money as you see fit and not based on the opinions expressed here. That being said I plan to invest in steem long term and heavy, I could not be more excited by this platform. Love to each and every one of you!