Really sorry to hear that! Stories like yours are one of the reasons I simply can't leave HIVE behind and move on.
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Really sorry to hear that! Stories like yours are one of the reasons I simply can't leave HIVE behind and move on.
For some reason I am stuck on here, after so much losses I just can’t break the habit of coming here everyday, browsing around, getting my 10 votes in for the day, and occasionally interact. What did it cost me? At the beginning I traded around 1.8 bitcoin for like 300-400 steem back in july 2016. I even powered up my steem knowing the power down was 104 weeks.... oh well, maybe one day hive goes to $10 and I can “get my money back” but I’m not holding my breath. The constant selling of hive to act as residual income for dozens/hundreds of users has always been our Achilles heel.
When did steem/hive pump?
When bitconnect riches were cashed out by Craig and Trey and got market bought poured into Steem, and when Justin sun and @theycallmedan were racing each other buying up as much steem as they could.... other than that, the only thing holding the hive price up is @smooth’s hbdstabalizer posts that are buying up hive at a pretty awesome rate. We need more reasons for people to buy hive.
It's rough, for sure. But I am in too deep to leave now. Although I have felt like it at times. Honestly, power down time has saved me once or twice. I always stop the power down after a day or two cooling off. It is kind of like therapy clicking power down from time to time.
The goal should be that powerup reduces the risk of irrational selling due to an incentive to hold, while still allowing for fast selling based on market dynamics.