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RE: Steemit: What Would You Do If Your Influence Keeps Diminishing Inspite Of Powering Up?

in #steem7 years ago

I've looked at this as a hobby since I started in 2016, so the price fluctuations and the dwindling reward pool haven't effected me much. I've actually bought on a couple of dips and if I cashed out even now I would end up with a very handsome percentage profit and I could buy myself some modest toys with it.

I am however disappointed to see the price action lately. I'm thinking more long term with Steem and Steemit so I've been just hodling in the hopes that the rest of the world figures out how awesome this platform is and comes rushing in. I anticipate the price skyrocketing at some point to at least $50. I'll probably start scaling out some at that point, but I don't see why it wouldn't go even higher given the value of the platform and the amount of current and potential uses and users of the Steem blockchain.

If I can forget about how much money I "lost" so far in 2018 (in financial accounting you only book a loss or gain if a trade is executed on the asset), and focus on my original cost basis, I'm very happy with my decision to invest here both with my time and money. It's already incredible what this has turned into and as far as I'm concerned we're just getting started. I'm not worried in the least. With great potential for profit comes great risk and volatility. It'll moon again, you just need the luxury of being able to wait.

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I've invested 2 years of my time, and effort here and I've loved every bit of it and continue to love this platform so much that I spend most of my time in promoting it. As far as price goes, I would love to see it stable around $5 for a start. It would take a lot to just get there as it would seem in this falling market.

But that's just crypto. There are a ton of shit days for a few good ones. I've seen a whole bunch of both but as users of this platform we have a lot of challenges ahead for sure.