Oh, boy...here we go again...
I've been around almost 2 years. Well, 23 months to be more precise. And ever since I received that confirmation email on the 10th of January 2018 and officially became a part of the Steem family, the price of Steem has always been going down.
There was this short breakout back in April 2018 but other than that, we are flirting with prices that only the very early adopters of 2016 and later on those who were smart enough to buy during the dip of March 2017 when Steem bottomed at 0.07$ have witnessed.
Day in...day out...
Every single day a new bloodbath...I presume you are familiar with the "When there's blood on the streets keep buying, even if it's your own blood..." saying...
I really do want to add more Steem to my stack. I really do.
But I have a feeling that we might soon be well below the 0.10$ mark. You might think that it makes no big difference to wait till we get there..if...we get there.
You are wrong...that's like adding approximately 20% more Steem in your stake.
BTC is ready to break the 7500$ "support" line and whenever BTC is aggressively moving to one direction or the other it usually drags every other coin as well. This time...they are all heading down...
I am looking at the total market cap which is ~210 billion dollars and I am thinking that the market is still so thin and immature where a single whale, forget the Steem whales for a moment, and by whale I mean multi billionaires, and there are plenty of them out there involved and invested in crypto, could manipulate the market by himself. If not by himself...then a group of 4 - 5 people with really fat wallets can drive the prices up or down any time they want.
That was my brain speaking...
But then again I am thinking that if there is one chance, not just for me but for everyone to change their financial status for good, that can only be achieved via crypto currencies.
Unless of course you believe that with your 9 - 5 job and the 1000$(?)...2000$(?) monthly salary will make all your dreams come true. That 9 - 5 though...don't take it for granted...In most countries, even the so called First world countries people need to work overtime if not to also have a part time job...just to make a living...
And I keep wondering...if I spend 50$ now to buy...400+ Steem would that make a difference?
Probably not...said the wise man...
If I do it again next week and the week after?
Nah...don't...just don't...
Weird feeling when your brain is fighting your heart isn't it?
You see, every time I purchase more Steem it is because on my mind its price could easily climb up to 5$ and remain there. Not to trade it...not to sell it during a possible pump but to stake it.Surprised? Really? It's the 2 year bear market effect...don't worry.
I still believe that there will be a time where people will fight over a single steem token...
Can you even imagine that?
Don't...just, don't answer that question...
SPUD in a few days huh...?Hm...
Have a good one peeps.
Cheers.