Dear Steemians,
I know how many of you feel but there's nothing to be afraid about.
Take a look at one of my posts for instance:
It's down to less than $100 now and to tell you the truth... - I'm very sad. You know why?
It took me 11 months to finally reach a $100+ post again, I've been having rewards from anything between $1 and $30.. And suddenly 3 of my posts went viral and generated awesome results for the first time in 11 months.
The first one decreased and stopped at less than $100. The second was still above $100 when it paid out and this third post.. - It was up to more than $142.. - So I was truly satisfied!
I had finally been able to score a couple of big fishes and I loved that feeling.
- Then, the price was declining..
I'm obviously sad to see this happen because of my own rewards.. As I won't be able to get as much as I could've.. - However, this is cryptocurrency, and it has it's ups and downs.
That being said...
What I'm planning to do, is to buy more Steem.
I have several plans and projects running, so I could really need the rewards from my posts to complete all these things, but, if the price still declines, the best thing I could do, is to basically stop and pause all my current projects and up-coming ideas, so I could spend money on Steem instead.
- And why is that?
Why would I spend money on a currency that's falling like a coin you toss out from Empire State Building? - Wouldn't that be a total waste of my hard earned money?
I won't lie..
It could obviously be a waste of money. If Steem & SBD never stops to fall. Let's say that you purchase steem at $1 each.. And it keep declining to $0,01. - Then you'll have lost money , right?
Actually, you would've lost $0.99 per Steem you bought.. - Which could be an insane amount of money, depending on how much Steem you bought.
What do you think happens, if you purchase Steem and the price start to rise again?
There's many self-proclaimed "experts" out there claiming to know when Steem & SBD will rise again. - What you could do, is to take notes and make sure to read these type of news from people. Look at the whales and dolphins. - How do they act?
Do they power-down and cash out everything they can, or do they buy even more? - Do they write articles including their opinions and things like that?
- Take notes and learn...
And make sure you're ready to strike!
During the time I'm writing this...
Steem and SBD looks like this:
Both of the currencies have been declining for some time now...
- Frankly speaking, it doesn't look good.
We want our beloved currencies to rise and rise and rise even more.. - And that's why people are afraid right now.
They are afraid of losing their potential rewards and they are afraid they'll be left with nothing... - I can relate to these feelings.
I've had them myself. In the past.
However, what I will try to do this time around... Is to buy as much I can. - The last time, I was out of luck and I couldn't afford to buy... And I can't really afford it this time either, but this time, I will definitely make sure to try.
- Don't you want to grab a ton of steem too, for a few cents?
- How do you think all these dolphin even exists?
- Wouldn't it be awesome to become one yourself too?
The only questions I have to find answers for are:
- How can I afford to buy as much as possible?
- When will I start to buy?
That's all I need. I need money to buy, and I need to know when I'll start. How much can I let the price decline before I start buying... - How much can I afford to lose before I make profit again?
Steem and SBD will rise again. I've witnessed that before.
- The question is when and how much it will rise.
It's easy for heavily invested people to claim that the price of Steem and SBD will rocket to $10 a piece.. - And to be honest with you all, I believe it can, but I think it will take time. And how can people claim this so easily, without being afraid of losing everything they have?
The truth is, that most of these people can afford to lose $1,000 - $10,000 or whatever.. Meanwhile minnows can't afford to lose a few bucks. - That's the difference and that's why some will be whales and others will stay as minnows.
It's the mindset. The money obviously make the entire difference too, for starters. But the mindset is what will take you from a minnow to a dolphin in a blink of an eye, if you're willing to spend some money.
I am willing to spend money, but I can't afford to spend as much as I want... - But I will make sure that I don't miss out on this opportunity once again.
Also, this isn't professional advice or anything like that. - Don't make investments based on this article. This are my opinions and based on my experience.
