POWERING DOWN AND UP
7 years ago in #dtube by nonsowrites (76)
$11.12
- Past Payouts $11.12
- - Author $8.45
- - Curators & beneficiaries $2.67
- > dtube: $0.56
46 votes
- dtube: $9.56
- tombstone: $1.23
- dmilliz: $0.07
- elsiekjay: $0.07
- newageinv: $0.05
- jeronimorubio: $0.03
- markkujantunen: $0.03
- minismallholding: $0.01
- certain: $0.01
- portugalcoin: $0.01
- mehta: $0.01
- supu: $0.01
- hoist: $0.01
- mediahousent: $0.00
- accelerator: $0.00
- missaj: $0.00
- tanbay: $0.00
- life-relearnt: $0.00
- zugs: $0.00
- ganjafarmer: $0.00
- and 26 more
I think you can't draw any conclusions from short term fluctuations such as what has happened in the past few weeks. You would've
The fact that STEEM price hasn't gone up as much as that of Bitcoin means absolutely nothing. You have to look at a much longer time perspective. My view is that we have only recently started to rise from the December bottom of about 20 cents. STEEM went up to about 50 cents before BTC or any alts had done much of anything. It then went back to 30 cents. Later, BTC and alts, including STEEM went up.
You say you have powered up out of necessity. You do what you have to do. Good luck!
To some it does. In fact, I heard times without number that the price of steem and most alts will be pulled when bitcoin as it goes up. That hasn't happened, just pointing that out. I'm just putting one of the popular narratives on here about the rise of steem.
I don't worry about the price that much because the market has proven to be irrational most times.
My major emphasis was on powering up and down, the rationale behind it and my own perspective, especially to those who cannot capitalize on the huge gains when they happen. As a mid or bottom tier steemian your strategy moving forward should be different, I believe.
And yes I'm powering down out of necessity and personal growth. Irrespective of that, I will become a dolphin before the year runs out.
Posted using Partiko Android
But it has. Not as much as BTC. The prices don't move in lockstep. As I've said, you have to look at longer time frames.
Almost everything happening in shorter time frames is just noise.
Anybody can capitalize on gains when they happen. But I fully understand prioritizing something other than growing your account on Steem.
It's a good thing you will be able to accomplish that.
Do you bro, no need to explain yourself but you are an expressive person. All about free will. Smart move not depending on steem in the future, I think
It will be great but you never know. I depend on no one thing, I’m all about multiple streams of income and Jah guidance, bless up bro
Posted using Partiko iOS
Thanks brother. I just feel I should do things differently. If everyone is planning to use their steem as retirement fund then maybe it is better I follow another route. Thanks for stopping by
Posted using Partiko Android
treating steem as an investment and not as an income stream seems tb the thing that works the most i have been looking at old steemers and the ones that invested steem in there accounts over a certain period of time had more steem then the ones that didnt but uploaded content daily
Like I would say: It is not a level playing field for all steemians. Those who enjoy significant dividends for their investment are top tier steemians. Those with 50ksteem and above. The earn passively. What an orca earns from curation is probably what a redfish makes in a year, or a minnow in a month or two.
Question: how long will it take you to amass 50k steem?
Do you have enough to buy that much? Are you willing to?
Even the top steemians are cashing out. Don't make the mistake of thinking they are powering up. However, this is good for the ecosystem as it reduces their power over time. I hope to be an orca someday. That's not going to happen in 15years if I depend on my earnings here. But my earnings here can be used to start up a business (probably in a year or two) which will generate revenue for me. This can be pumped back into ecosystem and help increase my stake rapidly. No one becomes rich through passive investment except they have a sizable capital/investment, that's not a luxury lower tier steemians have, thus, they cannot move up the ladder. The bigger accounts growth rate overrides their, so it does nothing. If by the time I have 50k steem and people already have millions of steem, how much impact will I have on the steem ecosystem?
Posted using Partiko Android
Great contribution to the topic
Got to do what works for you bro. Everyone has to do what they deem to be right for themselves- steem on.
Ps. The video was a challenge to watch and listen to sometimes because of the chewing.
Posted using Partiko iOS