How did you have such strong hands during the Steemit Recession? With all the financial hardship weren't you ever like, "I could power all this down and solve some of my problems"
Now you are almost sitting on a quarter million and you still aren't powering down.
I'm not trying to say you should or shouldn't. I'm just curious about your thought process on all of it. You walk to your own beat which is rarely seen these days.
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oh dear Brian, I had a master plan which i created. I so dearly wanted my creative freedom, that I was pushed to come up with a plan. Here it is:
There was point in March that I thought Steem could collapse. It was showing zero signs of growth, so here is what i did:
I went looking for signs of life in other coins, namely Dash.
I had been powering down the entire time, but I got really serious about, and i converted a lot of Steem to Dash, when Dash was $30 per coin. As you know, Dash is now $180.
Basically I diversified, bought cheap Dash with cheap Steem, and then turned that into a nice cushion. At the moment when Steem turned around in May, I stopped powering down, and now I'm very well diversified, plus I am working for the Dash DAO, which pays me directly from the Dash blockchain. I had to hustle, and bust my ass in order to get all this working, but now i feel more secure.....
Very good plan! Well played. I was only going to power down to where I still had 4,000 Steem Power but when I got to that point it seriously looked like Steemit had very little signs of turning around. I was giving it a 10% chance. I needed the money. 3 months ago I started doing very small posts just to test out the new hard fork and see if anything had changed on here. I did that for awhile and then suddenly everything came back to life overnight.
Unfortunately I have primarily missed out on this latest crypto surge. It is disappointing. Now I'm figuring I will have to just try to position myself for the next run. Most of my money is in real estate right now.