You, someone you know or everyone has felt a tad low earlier this week due to the dip. The FUD. It's a type of "normal" for most people who are mildly to deeply invested. We saw many cryptocurrencies fall and stall (with the odd exceptions) but safe to say everyone was disappointed during the mid to late December crash. While veterans have been cool with this knowing there are always an up's and down's, we need to appreciate there are others who invested a huge amount taking the hit not knowing what to expect. Venturing into the last quarter of January, we are still in the FUD in the new year. This is something that always seems to cycle and is nothing new in actuality. Those new, looking to make money to get their head above water simply do not appreciate this, myself included. The timing was just really bad.
Whether it's Bitcoin or some Alt-Coin one invested in, specifically Steem Dollars many, including my friends and co-workers, have no doubt all felt the low energy around this. Many converted fiat and other cryptos for SBD to invest in boosting. So while in December during the initial FUD, SBD came across as a nice bargain. A bargain relative to how it was $14.12 USD during December 20th, falling to $4.12 USD on January 12th. It makes sense right? Buy low and use the SBD to boost your post and make some gains.
Then it goes into what I call a "yo-yo" game. As we know payouts occur after 7 days and when Steem Dollars go up, our payout rates, in turn, fluctuate with it. It's a metagame. How high can it go for maximum gains? Refreshing the page and checking how well our post did. On one side we are proud of our post, the content we put love into and on the other side is how well has our investment is performing. Coming closer to the payout deadline together with further hits, many felt low energy and energetic deflation seeing posts go from a juicy $33 to $26. It's natural to be disappointed, together with a loud WTF!
It is what it is and there's not much that can be done about it. Together with Wall Street and Cabal banking actively manipulating Bitcoin as well as alt-coins, whales on Steemit naturally cashed out when SBD was at an all-time high. A friend pointed out the greed factor. In truth she's right. Our posts either way still make a reasonable to amazing return even at 150%, leaving aside our usual expectations of 250-300%.
Let's stay in gratitude for what Planet Steemit really is offering here. We don't need to mine nor do we need to expend a great deal of effort producing and sharing what we are already passionate about. Anyone serious on Steemit should be posting regularly anyway regardless of monetary outcome. It's a great reason to not get too attached to the metal block that is "I'm saving my best post for last". If you're a minnow just post regularly and stop being bound to the notion that you need do x, y, and z but focus on genuine communication, expression, and creativity. If you have an audience, great. If not, who cares, your post made at least 150% with the December-January hit either way.
Steemit is the one true constant of cryptocurrencies.
A real and rare gem!
We can hodl for months and even years on "said" coins and tokens but nothing compares to Steemit. We post, we get paid. It's a constant to which we never have to worry about or worse, get depressed in harvesting energies. Even in the FUD many are still making modest to sick money. Just keep at it!
Take a moment to contemplate this, process it.
Be like Master Chief. Pick yourself up.
Stay true, keep moving, and get prepared for future ups and downs.
Chin up. The FUD will be almost over soon and at time of writing, SBD is already picking up traction and will likely continue. $7.35 USD Today!!! FROM $4.12 USD (Jan 15th).
If SBD bounces back to $10 USD soon, then we are in for some boss bonuses'.
Image: 343 Industries, Bungie
