Thats my plan, just try and build up my Steemit account in the downtrend, however I didn't think about it the way you explained it. I didn't realize that in a down market the rewards would be higher per say, because once it goes back up you will have more.
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I'm not 100% sure that's the way it works, but regardless I'm trying to accumulate as much as I can on a daily basis regardless if it's down or up.
I think that is the smart play either way! :)