Well I have to be honest. I started freaking out when I saw the price of steem was at $.13 yesterday morning. Not in a bad way but in a fear of missing out way.
I wanted more steem at that price but honestly have no more fiat to invest in crypto and to I'm not sure if I did, that steem would be the best place to park it.
But since it was the lowest I'd ever seen it I had to have some. I wrote a post yesterday asking for some advice but as usual, nobody read it lol.
In the post I asked for advice on either taking my 1500 liquid steem and buying btc (of which I currently own none) , Powering it up or maybe dumping some tribe tokens for SteemP and then using the profit later on to buy back the tokens.
Well, I decided that if I gave up my liquid steem I would live to regret it. I have managed to turn $4000 into about $1000 over the last two years on steem and I'm hell bent on rescuing my money lol. I believe BTC has way more upside but I feel like earning rewards is what kept me from devastating losses and earning rewards will help me win in the end.
So I decided to try out my unproven theory of dumping some tribe tokens in an effort to profit when steem goes back up.
As you can see from the picture above I managed to scrape together 150 steemp and did it all while steem was at $.13 . This is the lowest steem price I have ever witnessed and considering I bought in with all my btc,ltc and eth holdings in the $3 to $6 range I feel safe that $.13 is close to the bottom lol.
I mainly sold the airdropped tokens that I don't use and a few afitx . I know that 150 steem is nothing at these prices but considering that I remember having a goal of achieving 500 sp just two years ago and now I have 5000 it will have value if steem goes up.
I'd love to hear your thoughts in the comments.
I think $0.13 better be the bottom! :/
I was over at steem engine the other night thinking about what to do with the few tokens I had so I traded 500 CCC for 25 BEER. Then I tried to stake the beer so I could send a beer but have not used it yet so, !beer
(is that how I do it?)
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Great job with this and you inspire me to do the same, @cflclosers. I will put a bunch of my tokens into the market and see what happens. I have some I like, stake, and use the tags for, but the others just make it hard to even look at steem-engine. I do not think I will get 150 STEEM, but you ever know!
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