I Just Lost 100 Steem.


SBD steem.png

Last night I was given the opportunity to leave work early... and I took it.

I told myself I wasn't going to...

That extra hour worked would be worth at least 100 Steem.

And this kinda blew my mind.

$0.14 > 1 Steem...
$1.4 >> 10 Steem...
$14 >> 100 Steem...

wtf... is that math correct?

I'm getting consistently upvoted by whales on my blog and I might get paid 20 Steem after the 50% curation tax. It's possible that working an hour at a shitty paying job can get me more Steem than a week of being upvoted by high stakes accounts. Mind blowing.

I seriously believe in Steem's heinous liquidity issues.

From printing too much SBD, to staking, to resource credits,
Steem is so incredibly oversold right now.

I went very all-in during summer thinking that bull run would apply to Steem. Yikes, we all know how that ended. Even 40 cent Steem is cheap to me. This 13 cent stuff is ridiculous.


I've personally been valuing Steem at around 80 cents.

Have been for quite some time.
This is a support I think Steem could have held,
if we didn't have all these liquidity dumps.


And it's also somewhat killing me that I'm holding all this Litecoin when I could just power it on up right now at these prices. I want them Steem powers!


Conclusion

There's going to be a lot more opportunities for me to leave work early.

Hopefully I don't take them.
Gimme them coins.
100 is a lot.


Comments 33


So you lost a $1.30 - $1.50.

28.10.2019 18:24
1

lol I thought the math was pretty clear :D
guess not

28.10.2019 18:42
0

I honestly didn't read it. More of vent about the Steem price.

28.10.2019 18:44
1

I'm aware. lol.

Buck up, buckaroo!

28.10.2019 20:41
0

😞

28.10.2019 20:42
0

Thank you for posting from the https://steemleo.com interface 🦁

28.10.2019 18:25
0

I find it crazy that people would rather spend $5 on a cup of coffee than 30 Steem. I understand that not everyone is going to get large upvotes, but nearly everyone could secure their future position here now.

28.10.2019 18:29
2

Well my coffee costs 15 Malaysian ringgit for a bag that makes me at least 30 cups of Joe so that's 12 cents a cup but i haven't ever even considered buying steem as the numbers speak for themselves and I find it crazy anyone would actually spend what I pay for my delicious Vietnamese drip coffee and buy a steem..

Securing a future position made my laugh though so I appreciate that 😂

28.10.2019 18:39
3

The future position is very important. People aren't going to be able to afford 30 Steem and then they'll have to get creative if they want to use this blockchain (mostly RC pools). As a minnow you are in an extremely good position going forward.

28.10.2019 18:44
0

That would be amazing and I'm not saying its impossible its just something that makes me giggle when I think about trying to explain to my wife that i am sitting pretty with a coin I made from blogging or trolling depending on my mood.. As it stands now my organic rewards barely covers the cost of a phone, my data, and electricity so that I can be a Minnow. And I'm only a Minnow because of 2 dudes..

28.10.2019 18:51
0

A big mac meal here is about 50 steem

28.10.2019 18:48
0

Yes mcdonaldization is funny as that exact same Big Mac meal doesn't even cost 30 steem here.. Gas is also only 50 cents a litre or 2 USD a gallon.. There is plenty in the world that's crazy and it begins to make sense when understanding the mechanisms n motivations of faith based economies.. Bitcoin climb 25% in a few days due to a rather generalised comment from the leader of China, steem is only tethered to the dips. That secure future where I buy everyone in the extended family a Big Mac with steem seems distant IMHO.

28.10.2019 19:00
0

People don't realize the opportunity until it's gone. When the blockchain is filled to the brim with custom JSON and everyone is running out of RCs they'll finally get it... and then they'll pump their money in at the top and lose it all over again.

28.10.2019 18:45
0

I think that once it catches on, people will force their way in. For a while the larger accounts will sell, but that will run dry too.

28.10.2019 18:49
0

I agree 100% with you.

28.10.2019 18:30
0

I bought Steem at $3.00. I've lost quite a bit that I will never see again.

28.10.2019 18:32
1

'Never' eh? We'll be back at $3 in less than two years.

This chain is one of the most volatile ones out there.

28.10.2019 18:47
0

Okay, okay, never is a long time. 3 years to get even is (was) a bad decision on my part.

28.10.2019 19:01
0

Your post has been curated by the bitcoin myk project. Tokens are available for this account you can trade for steem at: https://steem-engine.com/. Join our curation priority list to earn more tokens by registering at:

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Bitcoin MYK
admin
Register - Bitcoin MYK

28.10.2019 18:35
0

To listen to the audio version of this article click on the play image.

Brought to you by @tts. If you find it useful please consider upvoting this reply.

28.10.2019 18:42
0

Where did you lose it?
I will help you look!

28.10.2019 18:45
1

princess-bride-machine-torture-sucked.jpg

I just sucked one hour of your life away.

How marvelous!

28.10.2019 20:46
1

I've personally been valuing Steem at around 80 cents.
Have been for quite some time.
This is a support I think Steem could have held,

I have in mind that even a support at 1$ could be held. Why the hell not actually...

PS. With that very same mentality I've managed to reach 20K SP. We'll enjoy those "fruits" later on when all those who kept overselling at these ridiculous prices will crawl back seeking attention when the price goes up

28.10.2019 19:55
2

Truly!

Remember when Steem was trading at $2-$4 and everyone was just frantically powering up because creating that inflation for free was a huge motivator? It happened before, it will happen again. The only catalyst that is needed is the mindset that we are out of the bear market.

28.10.2019 20:44
0

I just lost 500€ in BTC..
Wanted to buy 'em at a BTC ATM last thursday.. but they're still not on my wallet :/
Already contacted the support, now I'm waiting..

28.10.2019 19:57
1

Condolences.

I know that even if you end up getting the money,
the stress of maybe not getting it is still significant.

28.10.2019 20:40
0

That's crazy good news!

Posted using Partiko Android

28.10.2019 20:15
2

It is not make a difference to buy 100 steem or leave work early.

Posted using Partiko Android

29.10.2019 01:31
0

Maybe I'm delusional but I think even $0.80 Steem is a bargain when thinking long term. Barring a complete collapse of value in Steem to zero, I don't see it staying below a dollar for much longer.

Posted using Partiko Android

29.10.2019 02:03
0

!giphy whale

29.10.2019 08:42
0




giphy is supported by witness untersatz!

29.10.2019 08:43
3

Greetings dear friend @edicted.

I'm getting consistently upvoted by whales on my blog and I might get paid 20 Steem after the 50% curation tax. It's possible that working an hour at a shitty paying job can get me more Steem than a week of being upvoted by high stakes accounts. Mind blowing.

How about participating in a "Passive income" proposal right here on Steemit?
It is a great way to take advantage of your SP without any risks.
Have you heard about our "@Project.Hope"?

Together with @crypto.piotr I've been working on it for few months already and recently we've launched our website. It's still kind of a "construction zone" :)

If you think so, could check it out: https://www.projecthope.pl/

You may find section "passive income" particularly interesting. Our delegators have been receiving benefits for two weeks now.

Please, check it out and let me know what do you think. Your opinion would be a gold mine for me.

Your friend, Juan

29.10.2019 20:36
0

Well, these prices are a steal as far as I'm concerned, next mission is to get to 20k SP by the end of the year and reach Dolphin Mark II.

It is pretty mad when you think about it like that. I prefer a cheeky bulk buy at certain points and only started putting money in when we got down to £0.13 per steem a month or so ago, now it's £0.10-0.11 per steem... Let me at it!

Posted using Partiko Android

30.10.2019 18:56
0