Not to jinx it, but we've been having a pretty good start of the week in the crypto markets. Bullish signs have been showing all over the board, many currencies you would've hoped would just have died down already but what can you do when many investors don't care what they are buying and just throw money at anything that's a blockchain and has been up for a year or two at least.
I know times have been pretty tough and I've personally refrained from making calls in posts about when I think we will hit the bottom. I was hoping/am hoping that Steem would not go all the way down to $1 and if this was the bottom then I'm quite happy with it compared to the last one and I believe the future will be quite bright for the price.
Sure we may still have some problems on the site by bad actors, vote buying, etc, but I believe all the issues we see today as big things will merely be a small dot when looking back from the future.
I am still just as amazed as I was the first time by the Steem blockchain and the apps being created on it lately feels great knowing that we are just getting started. Can't wait for the next couple of years to see what they will bring.
To get back to my question, I know many might have sold at the top, maybe at the middle - some to have completely gone back to fiat or maybe looking for a great entry back in. I personally felt like my Steempower was best remaining where it is right now - powered up and I only traded with a small amount back and forth considering USDT was having huge controversies/FUD around it back then.
To those that HODL'd tight, how did it feel to ride such a rollercoaster? Did you survive it emotionally? ^^
Mehn I would say I did but definitely not on my own . Having people like @kevinwong, @investing, @hitmeasap, @taskmaster4450, @dragosruoa, @exyle, @stephenkendal to mention but a few has been really motivating.
They helped in their own various capacities with their posts and analysis to keep us abreast and tell us what's was going on every step of the way and made us go along with every single thing happening on the blockchain and the crypto space in general. Its been a roller coaster ride but I would say I made it.
Not forgetting those who also kept us entertained every night , making us forget about the FUD for a few hours with their gaming skills, talking about @acidyo and @strawhat..you guys have just been awesome.
I'm a survivor, the rollercoaster was hard and i was left with deep emotional damage that will follow me for the rest of my life but i survived... I hope all of us learned a thing or two in the last bull run so that when the next one comes, we take the proper steps to secure our gains earlier and be less affected by the bear when he inevitably comes again! I know i'm a wiser person now than what i was in October-November when the wild ride up started!
I think that right now we are on the bear trend :)
I don't agree, the bear market has run its course.
I think all of us got PTSD after that "Crash"
#PrayForOurMoney
Hmmm, I emotionally survived because of my general numbness, but I got a harsh one. I put half of my savings in crypto when I saw it rising, last year, but the fees cut my savings, leaving me 1/3 (because I made many wrong choices).
Then, it all went up and I was pretty glad that I had invested. Then it all went down and now I have less than what I started with... except that I did gain a lot in a few investments, so when everything crashed, I ended up having around 3/4 of my initial investment instead of 1/3, so I think that I'm pretty well off, considering.
Now I'm doing the same with Steemit, except I don't have any more money to throw into it. I'm just seeing what happens, trying to earn as much SP as I can, getting new savings here, and I'd say that I'm pretty ok, if a pretty anxious too because I really believed that the bullish market would continue for a few months in december.
(I'm dumbfounded that I read your whole post and wrote all of this in like 3 minutes, lol)
Nice reading about you crypto journey thru this bear market. For you to have 3/4 of investment left yet is really shows you are a smart trader. Most Crypto investor who bought a ATM were unable to save that much.
Thank you, and yeah, I owe it all to my dear friend who led me through some investments that exploded into 10x or more returns. Then with the bear market it all normalized, but I was able to keep a little bit of that. I'm still hodling, though, so I might lose a lot with another massive bear market. Let's hope that the prices rise instead. :D
With the crash I lost about 60% of my investment, in January I had doubled it but I was greedy and did not withdraw profits.
Yesterday although I saw from start to finish the STEEM and SBD pump a I decided to hold them because I trust in the platform and the project, although I was tempted to sell at $ 3 and buy a little lower I preferred not to risk.
The fact that these cryptocurrencies rise in value when the btc is going through a bad time fills me with joy, it means that many people are beginning to know us and to be interested in this revolutionary decentralized social network.
I also think that for now the best thing is to HOLD our STEEM POWER, in the future, when everything has been a success, the price of now will seem very low.
I'm really hoping people will use their money in more smart ways this next uptrend. Invest in projects with real world usage and potential, not just whitepapers and vaporware.
i am new here .Need you help and supportyou are awesome @acidyo after reading your post.i realized we should invest money in the right place .Thank you☺ for the best post.
Overall I’m long Steem so unless there is the personal finical reason why I need to down power I’ll keep in as much as possible for well into 2019. While I would love for us to make new floor at the $10 mark in the coming months or at least late into Fall. I’m personally happy with us going into the warmer spring and summer months if we stick around $1.50 to $3.5 range.
Best time to earn as much of a coin as you can is when others don’t see their time and investments into it as being at least break even. Once that happens there will be a mad rush into the door and it just gets harder for everyone not established already here or elsewhere that can bring in influence to promote their blog.
Far too many seem to go inactive when the price drops and they forget if they would be holding anyway they would be better off being around during the hard times and the good times. While from an emotional state it can be hard to be motivated when you see your future become devalued day after day. I think many if they are going be long term, need stop paying so much attention to price movement. Many would be better off just looking at things every couple of months.
With what disposable income I have I don’t have many cryptocurrency investments. I would much rather spend that on things that can bring some work/life balance into my life. Not to mention if I can somehow incorporate that into a blog or two to try and recover some of that entertainment spending even better!
I have quite a few friends who have been panicking and questioning my sanity for wanting any involvement in cryptocurrency in the first place. I just look at them and wonder “how’s that investment into Facebook going”… ya….
Well I survived, I invested at the beggining of the year so I lost about the half of my investment in USD and around a 40% respect to Bitcoin, I applied the HODL meme to TRX and paid for it.
Today I'm green in USD and BTC because of contests, airdrops and scalping, it was a very hard path but I have learned a lot from it.
Hi acidyo,
Thanks for asking.
I survived it the bear market with BTC because I did not buy at ATH but around $8k so, I have been Hodling .
Thinking of buying more BTC once it retrace down this friday. How about you?
I stopped looking at my portfolio because it just looked like a scene from 300 (The Spartans movie, Ahoo!)
I just concentrated on getting and holding a little EOS, some Steem and a whole bunch of airdrops and bounties that I can hold on to. I am still practicing my invest only on amounts that you can afford to lose.
While many decided to refrain from posting in Steemit because the rewards was low. I took a different stance and posted more. I usually posted two articles a day so that I can space it between 12 hours so I can still get a busy.org upvote which I am lucky a few whales follow me and even if they don't vote for my content just being part of those that follow my account boosts it in the percentage of upvote I get from Busy so win-win for me.
I have stopped self voting as part of Asher's League of Curation and Engagement and I am in the top 5 engagers but more because I can see my vote can be used to lift morale on people that I leave votes on. I was able to give about 700+ votes on almost 300 people for last week and leave a comment as well so I am pretty happy about that.
In all I still believe in Steem even if a lot of naysayers are saying Steem is dead. We recently had dbooks and steem.films role out and then the hivemind update just happened so for me I'm just gonna keep a healthy outlook on stuff and keep holding.
Who know I might just become a whale someday with a lucky coin that i held on to (Damn you Dogecoin and all the people I slapped with it in Reddit!)
Simply put: it doesn’t make sense and I hope that by now everyone who does TA has grabbed a rope and played the MASH theme song.
Contrarily to everything we know, even weeks of positive news and ever more news of blockchain adoption - and even possible ICOs by official orgs like the City of Berkeley - have not had the slightest impact and only further contributed to the slide. Where in any other market...
The question to ask now, is whether for now the potential bottom will truly be the mining cost of BTC and ETH.
Ever more it seems to me that we need decoupling of BTC and exchanges need to offer more, and diverse, pairing. Only when exchanges will start to offer pairing with fiat will we IMHO truly be able to start seeing trends and also find possible more realistic values for tokens. TA people may actually make sense then too. gasp
Since I'm relatively new, it was somewhat disheartening to have purchased steem when it was almost 4 dollars only to have several consecutive weeks where it was as low as 80 cents. I'm not deeply invested in crypto anymore though. I cashed out of Bitcoin a long time ago and only got involved here with loose change in abandoned wallets originally. So anyhow, I dumped in an extra 75 (on top of the original 25ish I think) dollars or so, and the market ate it. Then I got a curie and an upvote for you and a dolphin, those posts were worth half by the time they paid out. Lol. Wild ride to say the least. My wallet is worth just around what I put in and earned now, after weeks of botting around and crossing my fingers. I don't know how yall do this with so many coins and not pull your hair out. Hahaha.
I am actually happy that the negative trend finally seems to be over!
I took advantage of the crazy increase of the SBD price by exchanging it for steem at 0.8 sbd for each steem, which I am quite happy about it because I was scared about the possibility of sbd remaining lower than steem for ever haha.
So I exchange the sbd that I got and power that up!
I bought back in at about $1.95 per Steem Dollar a few weeks ago (fluctuations have been interesting since then). All in all, I view it like anything - buy what you can afford and sell what you need.
The only reason people freak out about the value of crypto is because it is so easy to check on many platforms. The same would be a freak out point for fiat currencies if their value was as easily checked up on regularly. The media doesn't help though, whenever there is a few hundred dollar drop in Bitcoin there are plenty of sites crying "crash" but where are they when there is a $1,000 jump in an hour? They are usually giving pre-rolled replies along the lines of "that is not news" or "it will come down". Of course it will come down - just like it will go back up, yet they don't see that as news worthy to cover.
The "crash" so to speak was just an opportunity to buy back in and enjoy the small fluctuations at this level. Sure, they are more daring and nerve racking when the value is over $10 and we see fluctuations of $2 to $4 versus $0.20 to $0.50 but still fun nonetheless.
As with anything, don't invest more than you can afford to lose. It is an old saying bu it is true. Also, don't beat yourself up because you missed a wave, bide your time and enjoy the ride as another wave is forming out in the crypto ocean right now.
I don't really look at it like it was a crash or something bad. It was a great opportunity to buy, that's all :d
Well... when is the next stream btw? I suddenly feel like watching something on dlive.
Honestly @acidyo, I've been in crypto for long enough to not really care about the price movements anymore. If the whole thing comes crashing down... well, we'll all have a hell of a story to tell... and that's enough for me.
I don't think it will though. Especially not for things like Steem which actually produce a valuable product.
I do wish I bought more STEEM while it was cheap versus BTC. But that's everyone, I think... so no unique perspectives there.
No. I died several weeks ago when everything hit its lowest. I've just been a spoopy ghost haunting the Steemit website. But, it's looking like it might be my time to move on to the great beyond. You know, that big old blockchain in the sky...
Invest in Christ coin, now!I rode the cryptocoaster just before BTC dipped in December, I was just hodling in the beginning then saw some opportunities.
I was lucky with a few good arbitrage that I'm now just breaking even.
Having no loss in this dip is something I'm really happy about.
I guess I'm not a hodler after all
https://steemit.com/steemit/@lifeaef/how-i-made-usd2000-in-1-hr-trading-steem-while-it-s-falling
The rollercoaster isn’t over. If this is the bottom we will be looking at another up leg to new higher highs, more hype and an even bigger thrill. Btc has dropped 80% 5 Times in its short life, not counting this drop. There is nothing to suggest that these sort of rises and falls are a thing of the past.
I'm still here and wary that it's not over yet.
I'm glad it's up right now and I hope it holds, but what goes up can come down, too. The decision to hang around and keep on steeming has to be based on more than just what the price of STEEM is at any given moment, so that's what I've been trying to do. Find that reason. Then it doesn't matter what the value is, I'm doing what I feel I should do regardless.
Yeah ! i did, i can say but is this is the end ? if yes then i survived. If not then i will.
I don't look at my portfolio any more at least till bitcoin goes up near $15000 where i made entry in crypto and made investments. Till then holding holding holding. Let's see where it will go.
Wow,.. Truly, I cnt wait to see what Steemblockchain has in stock for us. We are not where we want to be yet, but we are better than we used to be. I really dont know much about powering up and the best time to do it. But I know its always grace to take out less and power up more.
You're absolutely right..
It's not perfect but it's still better than any alternative we've ever had.
There are some problems still with steemit which I hope will be addressed along the way.
Surviving here among the ones that go with the highest bids ,even if their post is not worth just making some space out in the trending block...that sucks ....that really needs a fix.
I personally to believe in steem alot coz there are still many who will make this run till the end and those are developers and great authors.
I agree that steem would not go down to 1$, i guess no one will want that, although we don't know when the market will shine or has dawn, but we can still hope for the best and let's hope that it will shine in the later run, we should believe in steem and never loose hope...
Hope things get better with time, as it's said Optimism is the faith that leads to achievement. So we should remain positive steem will soon rise, I think its like you playing the game, you get defeated at the very beginning but you remain positive and achieve victory
great post indeed.
personally I am still crying a bit because I bought some BTC at around $10500 so I still need to be more patient, Because I will still call it a crash until BTC reach $10500 at least.
stop being such a pussy and HOLD
if your on telegram this chat is a great room for crypto investments with better returns than btc
https://t.me/Bitshares_Traders
Well, it indeed was an emotional rollercoaster, many were tempted to sell their sbd when it hit the peak, my friends were laughing at each other because some of them sold their sbd for FIAT a couple days ago and missed the chance to get more, and others were pretty much just screaming in excitement xD
It was a nice ride and I hope that sbd's go up a lot more, but for now, I will hold onto my sbd's, just to see how much I can get for waiting a little longer.
Playing on the safe side can, sometimes, be more beneficial than to just risk it ;D
It's been crazy, and if I'd known better about the process, I could have cashed out a big chunk and reinvested it super effectively. But it's all a learning curve, and I think what's happening now will feel like pennies later on! And I just feel a nice bit of relief watching the prices start to climb again. ..and I powered up a nice amount in the meantime with the lower price :)
hell yeah. because all i did was invest time. can't wait till it peaks again
posting is very amazing my friend very like. thank you for sharing friends. please help me friend @acidyo
posting is very amazing my friend very like. thank you for sharing friends. please help me friend @acidyo
I am hoping it has a short drop again next week when I put more money in. But hopefully soon at least steem grows further which I know it will.
I was broke before and am still broke XD Can't kill what's already dead!
since i entered the world of crypto i felt like playing on a roller coaster, my mentor repeated it to me many times, cryptomonedas require patience and cold heart, although many authors are read and the graphics when they show the low you can feel terrified, i had a positive mind to survive without a heart attack, now we expect a great recovery, happy evening
Excuse my English, I use a translator
I like living life on the edge. How many of you feel the same?
source
I pretty don't have a lot of Steem but I have some bitcoin and Ethereum sitting in my wallet. I thing the roughest ride I have had so far is with Ethereum as I bought in in January at around $1400 each and now it's sitting just under $400, not nice at all. But as someone who doesn't panic sell, I have just focused my attention in other areas not necessarily sitting to cry as the wave blows us around. I'm new to crypto investment but I have learned that there 've been bad times before and people survived it, so I guess I'll survive this one too.
To be honest, I didn't know what to feel. But what I do feel is that it may get even better this year, and that I'll finally be able to get my laptop. I still got faith though. (❍ᴥ❍ʋ)
For me it was easy ... when I started in steemit the value of the steem and sbd were $ 1, and for me that was the most wonderful thing of the world!! ... THE REST IS ADDED <3
I sold everything at bottom. Ill wait until it hits ATH to buy again :D
Also can't wait to see what they will bring. Its hard for me to hold cash. lol 😂
I'm still here, and I didn't take 1 cent out of steem. I hold more SP now than I did at the peak, So yes, I think I survived.
Well we can only hope it's over. I'm sick of that April Fool's joke. It lasted way too long and it started way before April.
It was tough, @acidyo, but as an artist, I'm used to emotional roller coasters, living on next to nothing and talking to myself...
So, I was well-prepared to do all that, here, on Steemit :)
Throughout the crash, I continued to post 1-2 times a day, and maintained my standard of quality--meaning sharing something that I'd enjoy seeing: beautiful, thoughtful, maybe even uplifting or inspiring...
What's more I powered up all my small earnings, and did not withdraw anything at all from the platform. Mercifully, we did not dip as low as 99 cents, which is what it was at when I signed up, 4 1/2 months ago.
So, bit shook up, but I'm still standing. What's more, I've sold all my Litecoin and invested that into Steemit, so there! Putting my money where my mouth is, and HODLing for all I'm worth :D
I need your help and support.
Thank you ☺Nice reading about you @acidyo .i also faced many problem in my past i have lost 70%From my share.i tried to quit myself but thanks to and my friend who introduced me to the great communitty of steemit.now i am here to learn manythings from the great community.
Despite the low steem that goes down to almost $1 and being a rollercoaster apparently ups and downs but still I survived the steem trend. All the way from the philippines and a student, steemit plays a big role to me . Why? Because it is one of the platform I am engaging with that I can freely express thoughts and my love of art.
Therefore, steemit is not just about money but it is a way of communicating and globally meet people worldwide then,helping each other like family.
A lot of thanks the people who inspired me a lot esp. @surpassinggoogle and @bayanihan and to all my friends ;-);-)
Godbless and More Power!!
i'm ded
Well, no matter how high or low the Steem/SBD prices - I will keep HODLing and writing articles on Steemit... :)
Nice post
Survival of the Fittest. That's how it is. HODLing on! :)
I surely say i survived,i am still new in crypto and the first dip that hit me the most was during christmas(it devasted me and i learned a lesson).
I read many posts back in December and i was told to develop a thick skin,which i did! The best advice i was given was not to look at your wallet during the dip! It is hard but helpful.
There is this trend that is similar even in crypto.For every dark night,there is a brighter day-2Pac.
I have this philosophy in mind and i just needed to work harder and i have added on my Steem Power!!!