Yup, I agree, all these crashes are ridiculous..
I never get lucky with shorting anything, and I certainly couldn't tell you which coins will pop out of the mud the fastest.
But one thing I do know is..
Steemit has one of the largest communities surrounding a cryptocurrency to date. It's no surprise that everyone wants in on the action. As more users pour in, STEEM will be their first taste of crypto if their new, or quickly become a favorite if they've been in the market for a while.
Either way, the incentive for supporting the platform is huge, as the more you put into Steemit, the more you get out.
The STEEM economy has already proven to be a relatively stable outlet for investors, and many of us feel safe leaving our money as Steem Power. It's a safety net, as well as a way to interact with the community.
In the last 3 crashes through June, STEEM held steady, or bounced back quite strongly. I was able to move my BTC into STEEM at the right moments, as I was able to be confident about the choice.
That's the key, confidence. And look around, everyday you see hundreds of people instilling confidence and positive energy into this space. If people feel comfortable with the future of a coin, that means buy support.
Furthermore,
We'll be seeing a massive increase in STEEM buys as a consequence of the minnows realizing something very important about Steemit.
You need to support OTHERS in order to gain support for yourself.
This very mechanism, which is socially built into this place, is what will drive the price up within the year. There really is no turning back from here.
Think about it..
RE-STEEM AND UPVOTE TO SUPPORT THE CAUSE <3