Hey guys,
I wanted to write a follow-up to my previous posts about Stellar Lumens Giveaway and tell you what I did with my free XLM.
I didn’t know at first what I should do with the unexpectedly acquired Lumens, so I had been simply holding them for a while. Then, TenX ICO happened – which I didn’t get to participate in, by the way. And I was like: man, these guys are awesome, their product is great, their business model is amazing, their vision is ambitious, and their style is rad. I want to do what the message on TenX cards says and Join the Revolution! So I sold half my Lumens and bought myself a bunch of PAY tokens. (The PAY token has recently gone up in price, so I couldn’t be happier about my decision.)
Lumens Liquidation Trade
But then the other half of my Lumens has been slowly depreciating and has lost half its value (in Bitcoin) in the last two months. I felt like it wasn’t worth holding XLM anymore. Then I came across this post200 STEEM. I then powered-up my account on Steemit. by @papa-pepper and got really inspired by his thoughts on STEEM and the future of this platform. So just a few minutes ago I sold the remaining half of my Lumens for Bitcoin and used it to buy almost
And, just like that, my Steem Power has gone over 1,000 SP for the second time in the past year.
Needless to say, I feel very good about it. I believe in Steem too and here’s the proof:
What do YOU think? Was it a smart move? Or a dumb one? What would you do if you were in my shoes and had over 10,000 XLM on your hands? Please share your opinion in the comments below!
I cant really speak about Lumens either but I definitely believe in Steem! Such a great community full of great ideas and always working hard to improve the platform. Very inspiring! I feel like a total slacker here! Lol! Steem to the moon! :)
Amen, brother!!
Last week I did something similar, sold some coins and bought steem and then powered up and yes I was happy doing that but steem seems to be having a hard time this week hopefully it will turn around soon. Cheers
Well, I’m seeing the current relatively low price of STEEM as a SUMMER SALE!!! Whether it turns around soon or not, the long-term future of this platform is bright! We will get to the Moon, sooner or later! ;)
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I like the fact that you bought more STEEM and Powered UP. If you believe in something you do need to show it. STEEM On !!!
Actions speak louder than words, right? ;)
Yes they do that is why you get my UP Vote. Thank you for taking the time to interact with people that commented on your post.
Way to go!
Full Steem Ahead! ;)
i think u have to give way some SP by upvote other new member like me. what u give now to other you will more then this in future.
Really?
Thats is a very blunt spam,,, I can hit that flag for you my friend.
Gosh, I hope you meant @xaadkhan :D
Check out his blog – he’s not even worth a flag. His posts are never making more than 0.01 SBD. And his attitude is not helping either…
Oh, and he has just upvoted his own comment!.. How cute! :D
Diffently wasn't pointed to you my friend. I have never seen one be so blunt. I am gonna have to screen shot this.
I don't know anything about Lumens.. sounds great to me .. so resteemed and upvoted
Awesome, thanks! I didn’t know anything about Stellar Lumens a few months ago either. :)))
meep
beep! ;)
meep
What do you mean by lumen,l know about TenX but have not head of lumen
It’s STELLAR LUMENS (XLM), a payment solution on a blockchain, similar to Ripple. They were doing give-away of free Lumens to everyone holding Bitcoin two months ago (see the original post I linked to in the first paragraph of the post above). That’s how I unexpectedly ended up with a whole bunch of them. But they have been getting increasingly less valuable ever since, that’s why I finally pulled the trigger and got out of XLM.
I now get it ,thanks for explaining
I believe it is a great move. I was wondering what the XLM has to do in my wallet in bittrex, do you happen to know what was it? How much did the give? Was it a percentage of what you have in bitcoin or what?
Yes, exactly. They gave away about 16% of all XLM in existence. It was proportional to people’s Bitcoin holdings. Every Bitcoin address in your control had to me reported individually. I went through the pains of signing a dozen addresses with my private keys, but in the end it was worth it, I think. I mean: hey, it’s free money, am I right? ;)
That's true, too bad I read this too late I would've moved SBD to Bitcoin to get more XLM to sell it and then bitcoin to buy STEEM :P
Probably the smartest thing you could do right now with Steem being close to $1.00. I just sold my bitcoin and went all in on steem. I think you made the right choice.
Thank you and right back at ya! ;)
You never know what will happen, that said you took a chance that is unlikely to fail.
I think so too. And, in the end, it was free money. If I can use free money to get me some STEEM and power-up – how can this fail, right? ;)
Smart move from the Steem perspective! I'm gearing up to buy a bunch of Steem to power up!
With the current price of STEEM it’s an opportunity to be seized, for sure! Also, the additional Steem Power will earn you more in the long term by way of increased curation rewards.
Hey back from travelling
Welcome back! How was it?
No! I meant you! No more deli food posts! you made me wanto go to Japan
Ah, I get it now, sorry! :))))
Yes, I'm back since August 10th. I have already started missing Japan and its food again! :) It’s a country worth visiting many many times!
Hmmm. Trouble adjusting....? I know i always have 😐
Haha... I am still learning everything, so I don't know what to tell you. But it seems like you did a smart thing. STEEMIT is down right now too, right?
So it could go up, well, and at least you have stronger votes and curation for the mean time.
Yes, exactly. I decided it was a good moment to buy STEEM, while it was cheap. And you are right – with greater Steem Power my upvotes will be worth more and my curation rewards will be a little larger too. You totally get it!
Don't know ANYTHING at all about Lumens but I put lotsa money into Steem (well lots of money for me!) with the same thought, why not support something that I believe in? I haven't seen papa's post but I do think that it's a positive move regardless, it gives you more support in the platform and that is something I am in favour of! If everyone loved and believed in Steem enough to put their money into it, imagine what would happen! <3
Ah, we are on the same page, sister, as usual! ;)))
I am happy to see that your engagement with the platform has become more sustainable and balanced these days. Way to go, @heart-to-heart! I’m cheering for you non-stop. ;)
YES! =D Happy to hear! Now we swim or sink together ;)
I think a good balance is necessary but I am proud to be fully into Steem, happy to see you are too! Hope you're having fun my friend! Thanks for all of the kindness, you are awesome<3
Now we need to convince @kubbyelizabeth to invest in Steem too. She seems to be on the fence about it.
Right back at you re: awesomeness and kindness! ;)
So, same scenario with me and whaleshares. Do I sell it and buy steem do I trade it for other bitcoin? I think you did the best option. Until I commit to one I'm going to let it sit
That´s great man!
I´m doing a power up soon myself.. :)
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