9 months ago I made this vlog where I bought STEEM for under a $1 (with FIAT).
What I know now, but not back then is that that was the last opportunity to do so.
I don't think we saw sub-dollar STEEM since then.
Pretty crazy.
Last night we saw a spike in the price and it went up to $3.24. (come down now to $2.90).
I did take some profit by selling some SBD (not STEEM) to fiat.
Taking profit is essential when it comes to investing and I think SBD @ $3 is not a bad place to start.
I talk about it more in my vlog.
I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.
We build Steemify a notification app for your Steemit account for iOS.
Get it Here:
▶️ DTube
▶️ IPFS
Greetings, exyle
Good thing you can go in that season to steem at 1 dollar. I entered in February 2018 and the price was already a little high. However, I changed my crypto-coins for steem a few days ago. Two days after switching, steem rose by about 50%. I thought it was cool, hehehe.
My plan here is to accumulate lots of sp to always have more voting power and gain more sbd and to be able to help others with upvote. I will only begin to make a profit and turn into fiat money from the middle of next year.
What do you think of my strategy?
Thank you and good morning!
Your strategy sounds good. There are so many application being built on the Steem blockchain and you own a piece of all of that action! SMT's could be a game changer!
Great
Well if you bought at sub $1 then $3 is a definite bargain :)
this is awesome.
Steem way of doing business is time.
I recalled when you were accumulating steem.
It was once steem so low that most steemians were worried.
I do remember steem was around 80 cents.
You were buying it like crazy
WHY?
You believe that steem cannot stay that low.
Reap the reward my brother.
Keep on steemin'
Cool of you to remember! and thanks!
Beautiful, really work and creativity done well
Great post from you
Thanks for sharing this with us
True, to grow our portfolio substantially, we must take profits gradually and learn to time the market. The secret is to hop off the elevator on one of the floors on the way up and not to exit when it is going down.
the secret is to hop off on several floors, not just one...
yes
Agreed!
Morning @exyle. Looks like we're going to have another gorgeous day too so I'm catching up here and then going to head off to the beach a little later.
Recently there seems to be a lot of talk about something called the dust threshold. i haven't come across this before and wanted to ask you about it, Basically it says that if the pay out of a post or comment is below SBD 0.02 the pay-out will be set to zero.
I have been spreading my votes wide in order to give the smaller accounts a bit of a boost. However, apart from the social aspect of doing this it seems that my votes have been, for a large part, pointless in that the recipient won't have been paid anything. In which case, maybe I should place fewer votes of higher value on comments.
So, I'm wondering, is this dust threshold for real?
This is a great question @gillianpearce I am curious too. I've been seeing this dust threashold thing before. But, previous to hearing about it, somewhere along the lines, i also picked up some info that the actual decimal places of digits is something like 5. So, 0.00005 say. And, even if it shows 0.00 there's some value in there and that value accumulates. Mixed messages!
Enjoy the beach!!!! That will be wonderful 🏖
Yes. I thought the same @yogajill, that there was some value even if it shows zero. That's still true I think if there are multiple votes on posts/comments since I think it applies to the total amount not any one person's value.
But for us at the lower end of the scale, with fewer followers, comments in particular can often only get one vote. 😢
Yes, @timcliff wrote about it recently: here.
I think the threshold will be removed come HF20.
Ah. Well that explains why there's a lot of talk about it recently then @exyle. I think I need to adjust my upvoting strategy!
You are slowly becoming an expert!
Ha, ha, ha! @kus-knee. I'm definitely understanding it better. That's for sure. But there seems to be something new to learn everyday. This whole dust threshold thing has caught me, and many other plankton/minnows, by surprise.
If it was put in place to help stop comment spam it has failed miserably, not least because teh spammers themselves probably don't know about it. 😁
Oh to ride the waves of orcahood where such trifles are no longer a concern! 😂 😂 😂
keep hodling
@exyle Yes one of the Best Days of all for YOU. Now you can move Forward in your New Life and be even more productive for yourself without the Burden of being on Call.
As one door closes another will open even better, Cheers for the great update.
Congratulations. You've turned freedom 55 into freedom 35?
Close, I'm turning 34 next week.
Yes, you are right. When SBD is less the Steem I keep SBD and wait until it reverses. I’m still waiting a bit, I would like to see 0.7 SBD for 1 Steem. Then I will strike. It feels definitely much better when Steem is at around $3.0.
It sounds like a wonderful day in the Netherlands! And, a new exciting chapter in your life! Good for you 😊 How do you think your days will change with the newfound, time and energy in them? You will be able to focus your attention more now, well maybe it will take a while to adjust by the sound of it, you won't be on call in the back of your mind. Concerned about perhaps stressful damage control. Will you give more time to having space to relax and contemplate? Will you do more things you enjoy like cook, workout, or game. Something else....maybe a passion that's been on the back burner a long time. Spring is a good time to start new routine for sure! I am looking forward to see what's coming up!! Enjoy 🌄
I think I first going to relax for a bit. It's been a bit stressful (and I guess emotional). I do like to do things so I'm sure something will come along :)
that was the last time you said it right and now its moving back up the opportunity don't knock twice :D
Good Luck passing this hot day!!
Always take your profits, that´s almost a golden rule... If you stick to it, whenever the markets go down you wont panic or suffer with it, because you already made some cash, and you can even buy cheaper!
Only me having problems to comment through DTube??
lol "the warmest day in only 28' C " hahahaha In Indian regions 28' is the coolest ones. Diversity of Nature.
man, I can't imagine 28 being the coolest!
Haha
Nothing wrong with that, Mark. What's the point of doing all this if you can't reap the rewards of your hard work and smart investing ?? I mean, I do have a Passion for Steemit and blogging. It's in my blood. But you also want to be able to financially capitalize off it. Not a thing wrong with that !!
Good for you, buddy !! :)
For me I am still on the road for putting rewards into Steempower...
And I can't complain at the moment :) ... So for me no profit yet :)
But one profit already is still enjoying the Steem(it) community every single day, meeting nice people, reading great content !! ans especially on a sunny day like this :)
Have a great and sunny day !!
I have yet to take profit because I'm trying to accumulate sp. I bought in the 3, 4 and 6 dollar range so once it gets there I will do your method because I'm realizing that taking profit to build is smart.
Yeah, it's not bad at all at $3 and we're hoping, it gets better. Yesterday, I equally monitored the fluctuations and I took advantage of it as well.
Let's hope it gets much better
Congratulations, exyle that you had achieved financial freedom and working full-time as a witness and a blogger. I hope I can cash out some profits but I am still stacking STEEM tokens by blogging every day. Upvoted!
I had a feeling it wouldn't go under a dollar again so I kept buying when it was 1.50 to 2 dollars as well. I think it's going to hit 5 again anyway
good call!
I dont think that it is the right time to take profits yet, because SBD will go along with Steem and can be even more valuable. I need to be REALLY confindent that a significant correction is possible if I take profits to buy back in later.
Well the sole aim of business is profiteering i thought I was the only one who saw the spike very late at night yesterday,
Well looks like buying steem at $1 now it's really getting started, I can Feel the spike
Friend would have sold when it cost $8 haha
Wow, you have got much profit then me, I brouth Steem in 1.9 doller and now it rates upto 2.5 something, I'm just waiting for raise up on Dollars :D
Really it is a good suggestion for investing. This is the time when cryptocurrency market continue to grow . So Your advice is logical. I also got inspiration from your post. Your starting is our inspiration. Thank you for sharing this post with us.
To take profit gradually you must be profit first but some minnows like us cant even profit sir.
exyle, do you have an answer to the question of what mechanism the Steem BlockChain has for the ever-increasing amounts of Data in the BlockChain files? Scalability / Pruning issue... Any links for us? We are many who wonder. Maybe it is "only" 200 Gigabytes right now, but it will grow and grow and grow, unless some sharding of old posts is built in to the Chain ?!
thanks! upvoted and following closely!
FREEEEEDOOOOOOOOOOOOOOOOOOM!
really great information dear @exyle
great way to increasing profit.i appreciated
Those days where steem is less than $1.00 is really good! I missed it actually. It's also the time when people are more interested in reading content than profit.
very nice life story writing
At what price will you buy back some steem?
The $3.24 hike was certainly good to grab some profits! Especially if you have many SBD's.
You got it right.
I think this summer we see steem up 7 $ ... and end of the year it go more up :)
At the last top around 4.50 you were recommending people buy Steem. Now, at 3.00, it's time to sell?
Your track record for trading is shitty. Stick to vlogging.
I just joined a week ago and am still learning the ropes of how all this works. I feel as though I am providibg original useful content in the field I’m mainly aiming for but not seeing a ton of interaction yet. Hoping in time I can learn from folks such as yourself and apply these tactics to better my page. Thx. Following ya!!
Nice!
.
Im having a heck of a time getting on Dtube, they ask for this privacy key, anyone know what that is and how to find it?
yeahh!..follow, upvote..and vote for witness..@blockbrothers
Thank you for the breat post.
You need to cash out some day! You can not allow yourself to drown...
What website/service do you guys use to convert Steem/SBD to EUR? Not USD, EUR please. I use blocktrades where I convert SBD to LTC, send it to litebit.eu and then withdraw EUR from there. In the end, I end up paying around 10% of the value on fees. Which is a LOT! It's essentially like using Western Union again... so we're back to where we started. Do you have the same experience or is there a more efficient way? Thanks!
This is great information. I am new to Steem and working to build relationships and my wallet so I can support the community. I am glad to hear such positive results.