Unless you've been away for the past month....You are aware of the current state of the entire crypto currency market....
It's been a sea of red for quite sometime and the massive sell off we were all warned about in early 2018 is in full swing.
Some of us are concerned. Many have sold their holdings. And they have decided crypto isn't for them...
Others are holding on for dear life and praying for a rebound, because they have so much invested in these projects...
And for the rest, they are seeing this as a massive buying opportunity and taking advantage of the 'Black Friday specials'....
Here's something that blows my mind...
I'm a big fan of Litecoin and it's what I buy most of my STEEM with. So at current market prices...We can get over 87 STEEM for 1 LTC.
To put this into perspective on how far we've come....Litecoin is now trading at around $30 USD....
That's insane!
I remember buying in when I joined STEEM (at close to all time highs too lol) around $6-7 per token...So you can see, how if we believe in STEEM, this is a HUGE buying opportunity.
Will it go lower?
Who knows, probably. But if you see the value of STEEM at $8 you HAVE to see it now at under 40 cents each...
Many have mentioned last week that there is a huge opportunity for a strong middle class to be built here. The dolphin level (5000 Steem Power) is within reach for everyone now. It might have been a pipe dream for us at 5 bucks per STEEM, but right now it's a huge possibility for so many.
A strong middle class on STEEM means more delegation, more activity and more rewards being spread to more Steemians...
But the concern maybe...5000 Steem Power is still 57 Litecoins...Or almost $2300 USD. Pocket change for some of the crypto OG's out there, but for the rest of us...It's a sizeable chunk of change.
So let's break it down and grow our account using some dollar cost averaging and buying bite sized chunks of STEEM.
As the popular question goes....
How do you eat an elephant? You eat it bite by bite...
You are EARNING Steem Power right now by creating on the platform. By engaging as well and commenting...Your account is growing...Slowly...But steadily!
And let's say you have a few extra bucks...And want to take advantage of these deals that are out there...
That's around $7.50 for 21 STEEM....Steal of a deal ;)
Hey, this isn't financial advice because who knows where these markets go...But I for one, believe in STEEM.
I believe in the people here and the communities that are growing and THRIVING on this blockchain...
So anytime I can generate just ONE STEEM, I feel like that's a win.
Bite by bite!
And this may be the bottom...Who knows...But I guarantee this, when STEEM is rising in price and crypto across the board is growing, we'll be glad we started eating that elephant now!
Posted from my blog with SteemPress : http://plus1daily.com/how-do-you-eat-an-elephant/
I agree, even the elephant is not "mission impossible", If one is very consistent, and is eating long enough.
yup. slow and steady and we can get through it. might take a while lol
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I see your development, my friend.
You definitely increased the quality of your content.
I am glad that I was right. I told you from the very beginning that I believe that you will be one day a big number here. Continue my friend. I enjoy reading and watching your posts.
appreciate it man. and thanks for the trust you put in me. slow and steady i’m trying to grow here and i believe in it so much. appreciate the support and comments sir. very much.
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I am waiting for Steem under $0.20. And for a chance to get my hands on FIAT money. I ahve been so long out of that game. I think I haven't used my bank account in a year or so.
lol that’s awesome. heck if it goes down to 20 cents i may lose my mind and try to find more fiat as well lol
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Actually, I am waiting for 10 cents. I wrote a funny article earlier this year about buying 100k Steem for 10k USD and then see the price go up to 1000 USD. The upvote value per year would then be in the millions. I was told this is NEVER going to happen. Well, we'll see. :P
Uhhh... 10 cents ? This brought some interesting idea to me, @flauwy
If it goes that low, maybe I should sell my beloved 10 year old Lexus (as Im already practically out of a liquid FIAT now), put all in Steem, and next summer, when Steem is back to $2 (yet quite realistic, right?) - I will have enough for brand new P100D Ludicrous Tesla. I cant stop dreaming of its 0-60 figures.
Haha, maybe that is a possibility. On the other hand it is quite some speculation to give away your beloved car for. And I would also not sell the Steem anymore. Steem Power is way more interesting and finances you a Tesla over time with compounding interest as well. Amazing car, this new Tesla roadster, by the way.
ha ha ha so true. man people will lose their minds if that happens. i’m all for it. cheap steem ;)
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As you are speaking of reaching the Dolphin level at 5000 SP, I just thought that I reached the 100 SP today and it took me 3 months. So at this speed, it would take me about 12 years to reach the dolphin level. :) Big investment is not possible at the moment. But I eat the elephant bite by bite. lol
oh 5000 was beyond my reach when i got started. but i kept ‘eating’ and will continue to. anyone can get there it just takes time and constant effort.
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Thick skin the elephant man :) But with enough hunger and patience we'll eat it lol.
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yessir. slow and steady for me. but times like this...i splurge just a little bit more lol 32 cents each!!!!
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lol... excellent example of an eye-catching title on an email and/or blog... even if it is an OLD joke... I did feel the need to open and read, just to see how you attacked it... good job, Jon!!
thank ya kindly :) glad you enjoyed it.
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Market is really down right now so this is the right time to buy some crypto not time to sale . So in next jump after some day or month person will be rich.
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agreed. great time to buy. but will it go lower and give us better deals??
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Might be but if it bounce back then we will loose this opportunities . So best thing buy in parts 2 or 3 so less chance to loose this opportunities.
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Personally, I like to eat my elephant with a good dose of Tobasco. Keeping things spicy in life! ;)
Anything can be made manageable IF you have the desire to accomplish it. It may not always be the way we want to do it, but it can be done!
Now is the time to build a position in STEEM to leverage for growth. Remember, you can't 'get there' if you never start!
More good stuff @jongolson !
Building the STEEM blockchain with Savvy solutions!
Tobasco??? Spicy??? lol mannnn. that’s ketchup!
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Yeah, but I figured that for most people reading this, it would be the only hot sauce they know! LOL
Some growing slower than others, but we Shall get there. Heck even the free faucets are paying out well right now. Yes I know you do not like them but they do payoff in the long run.
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lol take a dive and spend 20 bucks. you’ll get more in steem that way than months of doing the faucets. and i’ll guarantee it. if you don’t i’ll pay you back the 20 bucks in 3 months.
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we believe in steem this is a huge buying opportunity this time buying opportunity and taking advantage refuter we earning Steem Power by creating on the platform commenting my account is growing slowly you are right sir.
yup. slow and steady :)
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Hey stranger
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what’s up man. how’s it going
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Great long time no talk
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Preach!
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all day every day ;)
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Easier said than done now that we cannot use Visa I find it dang near impossible to get fiat into crypto. My debit card does not have a expiry date on it so cannot hook it up to coinbase @jongolson
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i haven’t used a credit card for almost half a year. you can use your debit card with coinbase in canada. no problems.
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Not if it has no expiry date on it
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lol dude i dunno what bank you are with. but pretty much every bank in canada gives debit cards with visa logos on it. lol not a fan of that but it’s banks for ya lol
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Royal Bank and no visa logo
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Have tried to add it before wants expiry date
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i’d tell your bank you want a newer debit card if that’s the case. or ya know. hit me up and we can do interact. i’d buy it for ya you send me the funds via interact. always ways around things ;)
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I will toss some in that account in the afternoon on Sunday and get in touch with you
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for sure. i would hate for you to miss these prices. and whatever you need let me know.
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Sounds great thanks Jon
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Hi @jongolson!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
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