So how many people are taking this opportunity to double down with Steemit? I was very happy to see the price drop since I have only been here a few months and was worried the last drop down to $1.58 that I bought in at was going to be my last chance for awhile but now this week has produced another fantastic opportunity for me to double down my buy in again. I am sure that most the larger accounts here feel the same way and also anyone of the long term account users.
I would be more worried about the drop if I was holding other crypto but at lest with SP here I am getting a return on my investment why the market is low and any return that is reinvested will pay out at a higher return later on after we see the market correct. I am no investor and think anyone should take my opinions on the matter lightly and do their own research to make an informed decision themselves but I would speculate that if many accounts are doing what I am doing and doubling down why the price is low, especially since larger accounts will buy in so much larger amounts then my small account, we should see the price increase much sooner then other crypto markets could. This is simply based on supply and demand and if lots of accounts are buying why the price is low and not to many are selling since they don't want to at a possible loss then the supply will quickly be eaten up by the demand. I would like to see a nice increase over the next several weeks or even months to start pulling in a little bit more on payouts and maybe even sell a little off if the market drives up high enough to get ready and buy at the next opportunity.
How is everyone else taking the market drop? I am sure some people are pretty upset especially if you were making a nice weekly wage and had no interest in buying in again. I know the long term guys are here long term and don't worry about these high and lows. I would love to hear what the view point of some of the larger accounts are and what you are doing in high and low times.