What's Up STACKERS!
Last night I was doing some research and looked at the one year Steem price chart on Binance and it didn't look good. π
Most altcoins are currently down around 80% - 95% from their all time highs since January 2017 and Steem was also a victim to the sell off that we see today.
I joined Steemit at the end of May in 2017, I was buying Steem at around $1.20 and thought it was a great deal which it was since it did moon up to around $8 at its peak.
Many dolphins and a few whales may have of known that I was selling most of my Steem earlier this year. Some thought I was probably powering down and leaving Steem but that was not the case.
I'm an investor and know how the markets work (somewhat haha). When things go parabolic, there is always a crash regardless of what it is.
You can see it over time and time again with any invesment such as precious metals, stock markets, real estate etc... etc... Things go nuts for a while and then it crashes down to reality.
The same thing happen to the Crypto Markets this year...
Did we hit a bottom yet? Can we have another 50% correction from here? Maybe? No one really knows for sure... it's really a game.
Here is my strategy for Investing in Steem in 2018 and beyond... I've sold tons of crypto and steem back in early 2018 when it was high but I believe it's the time to get back in.
I'm not saying go all in and that we're all heading to the moon soon but people should start accumulating small positions every week on their favorite coins and projects. π π
So last night I bought $500 worth of Steem from Binance.
My strategy for Steem is to start buying around $250 worth of Steem every week regardless of what the price is. It's an easy concept called dollar cost averaging. No Emotions Involved!
It's not that much but I do have a game plan... $250 may seem small peanuts to most but in course of 10 months, it's over $10,000.
Why am I doing (DAC) with Steem? Because people tend to get emotional when investing. They follow the heard like sheep. They buy green and sell red losing it all. I call them "Average" people. π
We may see Steem go down from here. Heck, it can even go back to .10 (better not haha) but anything is possible in crypto... it really solely depends what Bitcoin does.
Remember guys, never take financial advice from anyone... including myself. I love to document and show what I'm currently doing with my followers and any decision you make in life, you be a man (or woman) and take full responsibility. π€£
You know what, after all this rambling I did... I might just go buy thousands of Steem right now. I'm about to take all my own advice and flush it down the toilet.
FOMO BABY.. LAMBO DREAAAMS!!! HAHAHA
In other words, don't be the sheep... become the wolf.
Keep on STACKIN! π
~ Charles Fuchs
P.S. For those who's interested in following my "Content" and "Daily" Posts... you can just follow me @stackin to get my updates!
Social Media Links:
Steemit βΊ https://steemit.com/@stackin
Facebook βΊ https://www.facebook.com/charlesfuchs
Instagram βΊ https://www.instagram.com/stackin.co
Twitter βΊ https://twitter.com/charlesfuchs
Spoken like a true Steemian!!! I'm in the middles of getting this new job so once I get it I will also be buying Steem weekly. I have had to sell most of the Steem I had but I will buy it all back and more!!!!!
You got this man! You got my support boss! πͺπΌππΌπ―
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How did you get the fiat to Binance? Was there a lot of fees when buying Steem?
I never did, itβs all crypto related. π
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I add another grand the other day.
Been following you for a while
Man! Appresh the good content you do. Now I just have to catch up to your steem power π
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I am sure you have some powder in the keg after powering down at higher levels.
Yeah... It's time to buy :)
I like your style! π
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You sound hyped up today, Charles. Like you are full of energy. Great move buying Steem. I'm having tons of fun earning it and I also buy some when I get the chance. Way to keep stackin!
I call it that young energy πππ
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Putting your money where your mouth is, Charles! π
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Thatβs how you do it π€π€£
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I love this @stackin ! Scoopin' 150 -500 every couple weeks as i can. STACKIN!!!!!!! having purchased steem happily at 4.00 i am like a kid in the candy store now lol!
Itβs time for me to get back to stackin! π
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Hello, @stackin. This publication is very interesting and full of tips. I will take the advice to follow you to know more about this topic. I don't know much about crypto currencies, I've heard and seen some friends doing technical analysis and fundamental analysis and I think you've combined everything here. I'll keep an eye on your blog.
It doesnβt have to be that much, people can just start like $25 a week and work there way up... but you know me, I donβt like to give financial advice π
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Think I'm going to follow suit. I just cashed out all my alts on Binance because honestly it was getting depressing looking at how poorly they've been doing. Now I've got this BTC just sitting there and I can't think of a better coin to buy than the one that's associated with something I actually use!
Well, either that or snag a bit of EOS and see where that goes π
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Iβm a big fan of EOS and doing the same strategy π
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I found out about it because the Murmur Dapp looks interesting. I'll split that BTC between Steem and EOS and see how it shakes out.
Nice chatting with you π€
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Lambo dreams ahoy!
More like beer dreams!! ππΊ
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Steem is really doing well in terms of price when looking at other project a must have crypto in portfolio for sure
We might see a big drop of bitcoin get hits again but itβs all good π
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Cost dollar averaging should be taught to children when they are young. Itβs a great tool to build wealth.
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Itβs an easy concept π€£
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That's a good advice: Never taking financial advice from no one.. but trust the Stackin Wolf he has a developed smell!ππ²πΊπ°
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Hope you donβt lose it all haha jk
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Anyone who was here with any value in steem and especially sbd and did not sell at least 10-20% in early 2018 is an idiot. The big highs and lows are to be expected and taken advantage of.
I'm not an investor here, but if I was, I would have a plan just like you say. If the person did not need the money, they could have held it for this time of a low price. I hope we get repeat of last year's wild ride and get to have such fun again :)
I'm getting more skeptical about steem by the day....unfortunately..
One thing saving me is the apps now. I just wrote a post about partiko and the others I'm using. I have a few other things that work on a post from a week or two ago about how to get reliable votes, but I sure have to work all the angles. And of course the price is not helping...
...I'm doing some affiliate marketing websites!
After my flag attack last week, (about 15 dollars in down votes) I realize how tenuous it is to rely on steemit.
With the downvote function as it is, we are all at the whim of large stake holders.
A free speech site, and also subject to the opinions of bigger accounts just to wipe your earning out...?
( very bad for the growth of steemit, imo..)
Mmmmm...doesn't sit easy with me...
The affliitate sites will take a few months, but will give me the little bit of income I need, so that steemit money won't mean the difference between what kind of food I eat next week!
(I'd much prefer to be earning here and writing, but I don't trust the site any longer for that. I have to look into 'Minds' when I have time..)
You getting flagged!? I can't imagine why. This is not a free speech zone whatsoever. I'm self-censoring here just as much as anywhere else. My blasphemous alt-health stuff is staying with me.
I do have affiliate sales, but they are really down in the last 18 months while steemit has taken so much time. I should put some more effort in - thank you for the reminder. Try viglink if you have a self-hosted site. That one works pretty well for me.
I started out laughing why the left were going mentally unsatbale about people using NPC memes, and the fact they had no sense of humor...
And then some extreme lefties took offense, didnt find me funny - and spent a week down voting all my content! (I got lots of support to mitigate the earnings loss).
Talk about hilarious...They could see they were doing exactly what I was pointing out..idiots....lol
( hilarious if it didn't hurt so much)
thanks for the info, ill go look see.
I have 5 free ones up - and made over $4 in 2 weeks (woohoo!)...but apparently they take a few months to get going - I only need $20/25 a day, and I'm all set!
I was hoping it was all going to come from here, but....maybe not, eh?
I've got most people blocked on my platforms who talk about left and right or any politics at all. I have no idea what npc memes are and don't want to know. Most people who talk about politics take offence easily in my expereince, so I just block, block, block. Politics is 100% off my radar, especially the garbage from the land of the not-free.
I only care about helping fat people get thin and they have enough of their own emotional problems.
Write a post about what you are doing on affiliate sales and nudge me to look. Or please give me info at [email protected] if do not want to put it here. Any result at all is good in this field, and since it is "set it and forget it" it can be worthwhile.
I think it will take some time to see those highs again... 2020 π
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@stackin I am with You since "We're All in This Together Brudda"..........
ππΌππΌ
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Is steem your biggest crypto investment?
Not even close π
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Nice chunk. Would love to get half a gee of $BAT while it's on the climb up.
That ad platform is coming very soon.
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Yeah, BAT has a good future with that browser brave π
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I invested in steem a couple of months ago. It wasnt that much but i hope steem will touch the sky again
I like it when itβs just trending like this, I donβt like buying when the markets are up π¬
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LOL i don't like that either
It is a good strategy the cost averaging as you mention. You go slowly and make an accumulation in the process.
Totally right π
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Love it!!!
ππΌππΌ
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You rock @stackin I love your strategy.
Apppresh @lizbethk! You rock more ππ
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asi es amigo es un buen momento de comprar
I had to use a translator for this π
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Hi @stackin!
Your UA account score is currently 6.246 which ranks you at #228 across all Steem accounts.
Your rank has not changed in the last three days.Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
In our last Algorithmic Curation Round, consisting of 425 contributions, your post is ranked at #8.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
πͺπΌππΌπ―
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Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.Congratulations! This post has been upvoted from the communal account, @minnowsupport, by stackin from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the
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Be sure to leave at least 50SP undelegated on your account.
Yes here everything is possible, And we even can get our price back what we lost in one year.. ( 8$ ) :)
Yea man!!! I had been buying STEEM every month since the market crashed. It is too good not to be buying it!! Upvoted!