Hello folks, i see that STEEM has shite itself again and is right now sitting on 17.2 cents which is the cheapest i have ever seen it, good news is it's gained 2 marketcap ranks in the past 24 hours. It still amazes me that STEEM is trading at this price. I cant wait for crypto market to shake the shit and coins with real utility will shine.
What are you gonna spend your STEEM money on?
I assume that STEEM will once again rise and hit $2-3. The whole of STEEM is valued $58 million, the whole thing!! That's almost nothing in the crypto world when ICO's on founded on a promise routinely rise hundreds of millions of dollars. Even if its total market cap go to $500 million which i think is very fair, each token would be worth $1.70ish. Ohh boy, if STEEM was $1.70 today, i'd be too stupid to cash it out believing it was gonna go to $2. I see people predicing that STEEM will one day cost $20 each. I'd have over $200,000 worth of STEEM, now that's cashing out money. With $200,000 i could get 1 lambo, 1 full bitcoin, 1 kg of gold and some flowers for the wife and still have change for a fish and chip supper on the way home. 200 geeeee'sss sounds nice.
But for real, if STEEM were to hit $1, i would be cashing out a few thousand to buy back some silver i sold to set up CryptoSicko. I think it was 180oz's for 5200 STEEM at the time, i remember the cost for STEEM was 50 but i cant remember if it was 50 cent are 50 pence either way, i need that silver back and silver has been sorta slowly mooning the past few months. Just looking at it all now to buy back my 180oz's today would cost 18,917 STEEM, that....is....a scary number. Im glad im invested into silver more than STEEM. I sold silver at £14 per oz about 9 months back and now it costs £17.86 per oz delivered to replace it. Im not worried at all, STEEM is a long term investment and i'll get my silver back someday.
Apart from getting my silver back, i think i would just cash our earnings adn hold the rest of my STEEM. I would make a few STEEM from CryptoSicko and my personal account and cash it out. Once cashed out i would resist the lore of shit coins, convert it to BTC and cash out to the bank account for silver/gold are stocks. I normally never spend money ive made from an investment and just reinvest the lot. Money feels like points in a game sometimes. I remember back in 2017 getting paid over $150 per post ad earning dollars from comments. I dont think it'll ever be like that again with the 12 STEEM to 1 SBD ratio and all the crazy money flying all over the place.
If you were round back then and have stayed with steemit all the way through the bull market, well done. Your either really stupid are really committed but im very sure that you will have a bigger STEEM balance today then you did back then and when the bull comes running, i and you will be better prepared to take advantage on a bigger scale. Back then i could afford to pay 5 STEEM for upvotes for each post, that was my max. Shittt, i can hit posts with 40-60 STEEM upvotes if i wanted too now.
