Yeah, I've heard about steem going down to $0.2 (or even less?) from $4. That must have been a nightmare especially for those heavily invested at the time. But I think steemit (with steem and sbd) is in a better position now with the exponential user growth and popularity. I just hope the tech side is solid enough to handle even more users to come. If it is, I don't think steem will ever go back below $1.
I alctually lost about 50% of what I put in litecoin about a couple of months ago, just before segwit activation lol. Sold and used for ico haha, same with factom(just before the sudden growth) zcash, golem and gnosis.
My first crypto lesson learned the hardway lol. Happy with current coins, but am learning when to exit too hehe. Exit and build on sp!!!
Completely agree.
Let's just hope we don't get a bubble implosion soon :) But yeah, we still need to be prepared And even expect it at some point. That's why I'm always hedging my bets...keeping 50% in cash or whatever.
And I can liquidate everything else if I wanted to.
All except STEEM POWER that is, however, because it's locked!! :)
Anyway, great going and good luck with your crypto investments!
Thanks! ^_^