Something I like to do every few weeks, if I can find the time, is go through my following list just to see what people are up to and curate some content. Unfortunately, as I was visiting people on my list recently something was amiss.
Blog after blog was turning up inactive; Steemians had gone silent. Coming across an inactive blog isn't totally out of the norm, but I could hardly believe the increase I was seeing in decreased activity. I'm not sure what a good definition of inactive would be, but lets say two weeks with no blog entries and one week or more of no comments.
I am particular about who I follow because I want to enjoy what I am reading and support good content. The people I am following, however, seem to be getting discouraged. A natural physiological trait is becoming discouraged when one does not feel rewarded for their efforts. In the stock market, or overall crypto market, we see this all the time, people selling when prices are low and buying when prices are high.
I have no crystal ball, Steem could very well go lower or stay about where it is for the next six months or more. Or maybe this is the extent of the dip and we will be headed to new highs soon. Regardless, now is not the time to get discouraged. Now is the time to grind! Even if your earnings are way down, as they are for most people, the time and effort isn't wasted.
Photo by rawpixel.com on Unsplash
You are still building followers, Steem Power (albeit slower), reputation, and relationships. When the price of Steem starts to rise, and we enter another bull run, you will be in a prime position to capitalize.
Now is also a great time to buy a little Steem with prices gyrating in the vicinity of a 75% discount to the all-time highs. What if it goes even lower? Buy even more! I'm not saying you should risk your kids collage fund or anything, but if you do have a little spare cash, now is a good time to pad your SP a little bit.
Photo by rawpixel.com on Unsplash - Edited by: Mrs. Canadian Renegade
It's easy to forget that during the last big run up to $8.00 there were scores of people wishing (myself included) that they would have put more time and effort into Steem or that they had bought a little more. Don't make the same mistake again! Put in the effort now and be rewarded later!