Bitcoin tops $4000 USD and STEEM almost dips back to $1 USD!
Such was the situation yesterday, so how do you react? First of all, I was surprised that people were still selling off their STEEM for just above $1.00 USD each. I know that there are no guarantees, but still!
Recently, I had begun to diversify my crypto portfolio, I had picked up a wide variety of altcoins. Now though, I don’t hold any anymore, except for those that are collectively worth less than the minimum about to trade. Yesterday, I had over thirty different alt-coins in my digital possession. Today, I mostly have only one.
WHAT HAPPENED?
What happened was simple, I chose to bet on the horse that I think will win. BTC is still basically rising and in my amateur opinion probably will continue. However, BTC is not the horse that I bet on.
Yesterday I sold off all of my altcoins and bought STEEM! Yes, that wonderful digital currency of my people here on steemit. I even transferred out some extra SBD that I had laying around and bought STEEM with that too.
WHY?
I believe that there are those within our community and in the crypto world at large who see STEEM as a rising star. These are those with money to spare and money to invest, and at times like this is when they acquire more. They are not your average steemian.
The way I see it, your average steemian is trying to make a few bucks. Therefore, if they get a payout of a few STEEM, and STEEM is worth about a buck, selling their STEEM will allow them to make a few bucks. Sure, this validates the authenticity of our currency and people need to see and understand that it is indeed “real” and can be used. Basically, the post payouts on steemit put a lot of STEEM into the hands of a lot of people who have no interest in holding it long-term or even waiting for the value of STEEM to double prior to selling it.
Hopefully the vast majority of steemians have “real jobs” and I believe that this is the case. Still, far too often far too many of us live paycheck to paycheck and manage to spend all that we earn, or even spend more that we earn. This entices many to cash out and catch up, or to finally get ahead.
Since STEEM and steemit are still relatively new, I do not believe that the true growth of the platform or the true growth of the value of STEEM has really begun. In my opinion, we are still at the stage where massive amounts are being transferred into strong hands.
These strong hands are the hands of investors and others who are comfortable at purchasing STEEM for a buck or two and holding it long term. Since they have enough money from elsewhere to take care of their needs, they are not desperate and have no pressure to sell their STEEM cheap.
In these volatile times on the crypto market, it is crucial to be able to afford to wait, and not to feel a need to sell. For 
WHY STEEM?
Opinions vary and I have no background in any of this, but for me, STEEM is still bullish and I don’t want to miss the STEEM-Train. Just like when I kept posting solid content back when STEEM was worth only about 10 cents, I felt yesterday that it was once again time to load up.
Many cryptos out there are just “many cryptos out there.” STEEM though is revolutionary, because of its ties to the platform steemit. It is not only drawing many users into the crypto scene, it is giving them a reason to stay!
For
Personally, I am here to make steemit all that it can be and to encourage all of you to do the same. Without a doubt, I have never seen anything like steemit in all of my years and I am blown away to be able to be a part of it.
DISCLAIMER : This is just a true story about recent activities of
As always, I'm and here's the proof:
proof-of-papa-thinking-that-steem-is-bullish-and-that-it-may-be-time-to-grab-the-bull-by-the-horns
Until next time…
Don’t waste your time online, invest it with steemit.com
