Great Minds,
I want to discussed about the gain I made from the supposedly downward movement of steem price. In every disappointment, they said there is a blessing. Here I grasp the gain and so glad to share with my great steemians.
PRICE DOWN = MY GAIN
Source: Google image
Dear steemians, I am averagely new in crypto world, in fact it is steemit that gave me the opportunity to discover what cryptocurrency is all about. So I was a bit skeptical initially when the price started fluctuating up and down. then I started reading and researching about the dynamics of crypto price. So when two days ago the prices started falling like an Iroko tree. I was not disturbed at all, rather I was busy looking for ways I could take advantage of the situation.
I had about 119 steem in my wallet, I was actually planning to use it to add to my savings to enable me change the upholstery in my sitting room. So I was patiently waiting for the price to improve so I could just sell and achieve my aim. All of sudden the price started dropping down and down. I was initially disturbed but then I remembered that one of my aim is to grow my steem power. Now the steem power is also down so I figured I will gain more by powering up. Without wasting time, this evening I powered up and was glad to see that a steem was equal to one steem power. I initially powered up 20 steem and then 29 steem. My steem power has risen to 199.7 steem power and my vests is about 409,056. Wow I am happy there is a great improvement in my steem asset. These achievement would not be if the price was not down. This is true because I would have powered up if the price is still high and perhaps continue increasing. Again should have I powered up when the price is high, I will not get as much steem power as now. So it is a win - win situation for me now. See the screenshots below
MY ADVICE TO MY TEAMING FANS
No doubts I have a lot of steemians I invited and who actually joined steemit through me, a lot of them were becoming discouraged seeing the price going down. some sent me message, asking if steem is for real or another ponzi scheme. Others stopped posting feeling that it may one day disappear. Well I share their concern coming from that background, a lot of them had no knowledge about coins and its rudiments, hence, the fear. Let this post encourage you if you are reading this, nothing bad is happening, in fact this is the time to invest and create quality content to earn more that you will enjoy later when the price will surge up. if you have SBD, convert to steem, power up and invest. Thereafter chill and relax and you will surely reap what you sowed.
Steem is the revolutionary coin that will not only change the world but also bring it together as one unified body.
Happy steeming
Live sweet
Thanks for reading
That's the spirit, brother. The greatest good one can do to oneself is investing in steem.
You are always on spot. I really enjoy you on steemit. Looking forward to meeting with you face to face
@originalworks
Woooow.. In all honesty, I learnt a lot of things from this insightful piece.. Thanks for sharing
My question now is that, how much is your upvote worth for 199 steem power?
About 0.07 now due to price down. But it worth as much as 0.1 it still depends on how good the current price is.
Apart from the worth of my upvote, my curation rewards will increase. It is definitely a good deal
I find this information extremely valuable. Thank you for sharing.
#steemitbloggers
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Thanks for sharing your thoughts and strategies @princeso
I do plan and powering up when i can... Its an investment basically
Keep it up!!