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RE: Tips to Survive the Steem Dip!

in #busy6 years ago

How can we earn by Bidbots because if we purchased any upvote and after that steem price goes more down then simply our pending payouts also go down with that, so how we can possibly make profit with Upvoting Bots in such a time where steem price is dropping again and again.

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Your payout may be lower, but one Steem earned today will be worth $10.00 later if the price goes back up. So gathering as much Steem as you can while the price is low will be worth a lot more when the price goes back up. Just don't cash it out now or you lose everything you've invested.

Yes this is the case with all good Cryptocurrencies available and who holds them tight till the end got most out of it.

yeah, exactly, totally agree with you :)

You're right, it doesn't matter if you make 20, 30, even 50%+ return on a post you bid on if the raw price drops this much in the time it takes for the post to pay out.

It is tougher if you want to cash out too soon.