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RE: It's time to consider your STEEM as a longer term investment instead of something that you earn and spend today.

in #life7 years ago

Honestly it is hard to know where it is going. I personally think the price point of $3 is what $1 was last year. Last summer if the price went under $1 then STEEM was a buy. Now when it goes under $3 it is a buy if you have fiat to commit. Most don't and if they do it isn't enough to influence their vote that much at this point.

Automatically I get around $4 at this point off auto votes. You are in a position where yours is probably closer to $100 with your voting ring. My voting ring is less powerful.

It simply becomes harder to Hold a large percentage of the earnings for me as it would be for you if we said that we spend an equal amount of our time on this blockchain.

At some point a lot of us have to cash out and to make an impact on our bills it ends up being a lot bigger percentage for us.

The solution? .......... Go bigger on EOS than we could go on STEEM and hope that between the airdrops and the social networks that will be there we will be able to get a decent amount of influence.