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RE: New Steemit Users and the Steem Price Climb: Frequently Asked Questions

in #steemit7 years ago

DCA works the same for buying SP as it does for buying a stock or any crypto. BUY REGULARLY, regardless of price and you will end up with more as opposed to trying to "time the markets", at least 95% of the time! I am still putting all my SBD into SP. Here's another trick, if you do not like the prices, use the internal market. If you don't like that price, then SET YOUR OWN PRICE!!! If you set a lower price, it might take a bit longer to get your order filled, but as the market rises and drops, it is likely someone will bite and sell at your price point. I just did this my last trade, I did not have to wait long, either.
Or, you could get really lucky and have a Flash Crash, prices drop a LOT and you have a buy order for a really killer deal, and the order gets filled! I think it was in the summer of last year, Ethereum had a flash crash and someone bought for about THIRTEEN CENTS? ETH was running in the $300 range at that time, iirc... Does NOT HURT to TRY! lol

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Hmm, that is actually genious!
I'll keep on pumping those SP numbers up... almost hitting my first 100 SP