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RE: Cryptoapocalypse, Big Dip, or what? I'm not worried. There is a pattern and other factors. I wish I knew of this pattern earlier.
I've been on steemit since Aug16...on Jan1 of 17 I had no money (to speak of...just a few dollars)...so I didn't pay the market no never mind. I just kept on doing on Steemit what I had been doing on FaceBook, but for nickels and dimes rather than for free.
Well LOOKIE HERE...a year later and I haz some money..
If I'da knowd what you said I'd have MORE.
thanks for the info...I'll remember next december..
Great story! Seriously. I'm just plugging away and hope to eventually move up on the reputation score. 72 for you from nothing but work is amazing!
Make sure to build a portfolio you can hold onto as you earn more money. Before this big dip I was up 25x. I'm not smart enough to regularly trade and make money. I'm doing a few coins for trades, but mostly a long term portfolio. There is literally trillions of dollars coming into the crypto market in 2018 from institutional money. It has to go somewhere and this mean the overall market is going up.
reputation is earned.
it has nothing to do with the amount of steem you have or the amount that you invested.
I preeeeedict...more and more bull markets.
even stupid people like me can make money in a bull market.
Yeah me too. I was lucky if I got to spend $50 of my own monthly paychecks on something I wanted rather than on bills and my family UNTIL I discovered steemit.
It has been extremely liberating. I made enough that I gradually bought some cryptos outside of steemit and I think at one point I had about $20,000 in various cryptos. That's pretty cool to be there from nothing and have a steemit account that is worth more than that.
My crypto is NOT worth $20,000 right now... it lost quite a bit of value but I expect that to turn around. We just need to remember this pattern next year.
I like keeping steem power in the platform, but I also like owning a bunch of crypto as that crypto is all something I can convert to something spendable in an emergency without a delay.
well..between me, you and whoever else is reading this (not many people I expect)
I had zero monies in my fiat portal exchange around christmas.
since then I've used steemit generated monies to buy cryptos, then resell for fiat
and pay off about twenty grand of debt.
I iz now worth NOTHING...I have zero net worth (except for crypto)
as opposed to way negative for the last way lots of many, many years..
Yay steemit.
I'm reading it @everittdmickey :) and I'm very happy for you and the future here! I'm only a month in on steemit but am optimistic about this whole thing. In the evenings I "wander" around here for hours and I've seen you before (@humanearl 's post i think)..I'm only mentioning it because I'm starting to recognise faces and names instead of it all as one big blur haha. I guess though, @dwinblood, these dips are like 'old-school' investment markets and we need to look at the long term? Thank you for the info for sure...being a newbie to crypto in general, I really appreciate all that I can learn. Cheers!
do what you want to do but me personally...I 'follow' those who I recognize. If I like what they say I keep following them...if not..then not. I follow very FEW people. Less than a hundred. I attempt to 'know' everyone that I do follow.
'monkeysphere'...and stuff.
Funny. I was just going through the list of those I follow and doing a purge because my feed is too full of things I'm not interested in. Your idea is a good one. Thanks:)
Yep I've been paying off some bills with crypto too.
I told the wife..
NEVER again will we go into debt.
Sleep in the boat first.
I dunno if she believed me or not..
I'm serious.
Yeah, I am pretty sure I could survive on crypto, steemit and some other things if I had to. I'd have to be a lot more active but I could do it.
I have a day job and as long as I have that steemit is becoming an avenue of getting out of debt. I have a long way to go... stupid student loans.
I'm pretty sure I could live off crypto.
It might entail living on the boat
(once I get it finished)
and eating a lot of fish, game birds, and maybe wild game
(I haz gunz)
awwwwww.
wouldn't that just be horrible?
Sounds good. Though each of us are going up and doing better and better so living off it become more and more possible... though if steemit suddenly died I may change my tune.
I have to admit I was depressed this morning when I saw Steem in the $2.00 range.
I recall the day...posting ten to twenty hours a day...for less than a dollar.
I hope that time never returns..