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RE: Vlog 359: Personal preparations for a long bear market even though it might not happen.
This downtrend is the first from me. I am getting desperate and I am smelling blood in the water.
The truth is that I came to this platform without a cent in my pocket. TAll I have in my wallet here is what I have earned here. All Steem tokens have been earned here on this platform by spending eighth hours a day. I invested time here because I had no money to spend.
One thing is for sure that I am not selling because it feels a little bit like a betrayal. I know its not the 'right' kind of feeling but it is what it is. I doubt that I'll sell my steem under the hundred dollar mark. Five years, ten years, I don't know...... maybe never. I came here without a cent in my pocket and I am willing to leave without any.
Steemit has been great and although there may be some pressure building for this selloff to continue, I agree with what you're saying. I am hoping that future upgrades to Steem/Steemit will attract more people and increase the value of the platform. Who knows, maybe we'll see a repeat of 2017 and Steem will 10x by the end of the year.
There is that possibility as well. the swings are wild here, both upwards and downwards :-)
If you are willing to wait that long you will be fine. I'm not desperate. It is what it is. Just making some chances to ride out the storm.
Its a pretty logical strategy that you shared. I think at the end of the day, a man just has to do what needs to be done. Gotta look out for ourselves and have a balance with the system at the same time.