Looking for the Steem Floor

This is the second drop in Steem price I have seen since joining in September. The first time, I wasn’t entirely committed to Steem s...

a year ago, comments: 8, votes: 8, reward: $0.01

This is the second drop in Steem price I have seen since joining in September. The first time, I wasn’t entirely committed to Steem so I would be a little bit here and there. Then the price of Steem started going up, putting an end to the buys. We got up past $0.50 at one point.

Now the price is dropping again. This time around, I’m willing to put in some more money to buy stake. The drop to $0.32 was very useful in leveling up to Minnow. Since yesterday, we are on a downward trajectory after BTC dropped a little in the aftermath of an exchange hack. This is a bit exciting. This is a good buying opportunity to make my buys go further.

It’s unlikely I’ll make it to Dolphin in this dip. That’s too high a leap. However, there is a chance at a good head start. The difficulty is finding the price floor to avoid spending at each new low as dollar cost averaging would suggest. Each new low is a potential floor.