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RE: Steem cheap price : Destructive or a strategic opportunity for wealth

in #investing8 years ago

I am all in in the long term: I love steem and steemit...

I've been buying small increments ever since it dropped below 0.0004 BTC-STEEM. My last buy was yesterday and it was my second this week and I used the STEEM that I bought to power up immediately after it hit my wallet here. I'd planned to match my earnings from my blogging rewards with my own money but with how cheap STEEM is I've added more than I'd planned this week because I see this as a long term investment and, as you say, potentially a once in a lifetime opportunity.

It is a bit disheartening to continue to receive rewards daily but see the dollar value of my account stay about the same (except when I make deposits) since the price has steadily declined but at some point that account value figure is gonna start increasing tremendously when the price rebounds....just a matter of time. I am treating this as a long term investment of my time and money and I see the returns as sort of a "dividend".

Originally my next target was to hit 2,000 SP by the end of September but with my additional buys this week I'm probably gonna hit that target by the end of August. Maybe I can set my sights on 2,500 SP by the end of September. I think my target for my 1 year anniversary here is 10,000 SP.

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wow, you are correct. I have the same sentiment and target by year end. Hopefully, we will make it asap. Thanks for your comment