RE: Finally Powering Down my Steem. Enough is Enough! by markkujantunen

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Viewing a response to: @nuthman/finally-powering-down-my-steem-enough-is-enough

· @markkujantunen · (edited)
$0.26
In my personal opinion, I don't think this is a good time to cut your losses and sell. Why? Because we seem to be getting out of a bear market right now. The satoshi value of alts tends to peak shortly after BTC peaks in dollar value. Remember what happened in December 2017 and January 2018? The last BTC ATH was on the 18th day after which it crashed in short order. After that happened, speculator money that had been chasing BTC started pouring into alts. STEEM peaked on January 3 2018, which was almost exactly two weeks after. 

Of course, I can't say for sure, but I have a strong feeling that you can get better satoshi value for your STEEM when it has rallied parabolically following BTC. If you sell out now, you will only salvage 10% of your investment but are 100% sure not to win back any more.

I think what you're saying about Steemit Inc and most of the top 20 witnesses doing too little in the last 2-3 years is spot on. But I don't think that's quite true any longer. You should look into what's happening with Steem-Engine. The creators and developers of that project richly deserve every single cent they make as top 20 witnesses. Steemit Inc has been able get MIRA done. You think its only good for fattening the wallets of Steemit Inc and the top 20 selling out as it slashes costs? I don't think that's correct.  There are other good projects being rolled out constantly here. This doesn't look like a time to sell to me.

I think you were caught up in FOMO when you bought in at a high price and now you're in the grip of FUD and you want the community to provide you with a more balanced view. I guess that's why you wrote this piece instead of just quietly selling - what good is it for a influencer like you to broadcast your intention to sell if you want the best price?
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