UPDATE: Making The Executive Decision (Dumping STEEM)

지난달

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Before I went to Thailand I had a decision to make with the 4100 STEEM that I had powered down.

https://steemit.com/steem/@brianphobos/made-the-executive-decision

Basically for over a month I was in a situation where I wasn't going to be able to transfer any of my coins so I had to make decisions before I left. I decided I was likely better off in EOS than in STEEM.

STEEM Was at $0.42 and EOS was at $3.53.

Now STEEM is at $0.45 and EOS is at $5.59.

So far moving those funds to EOS has played out well.

I have decided to keep 2000 SP and let that ride. I just have to decide where I'm going to take the other 4,800 STEEM. I probably should put it into EOS and consolidate other investments into EOS as well but part of me doesn't like to raise my cost basis in EOS from what it is. I'm in the money right now and that is where I like to be. The bad thing though is if I stick around in STEEM and it doesn't move or I buy something that doesn't move as fast as EOS I would have been better off just throwing the money in EOS even if it raises my cost basis.

I'm No Good At STEEM

That fact of the matter it isn't going well for me on STEEM, WEKU, WhaleShares, or BearShares. Honestly YouTube isn't going that great either. I could go on about the issues with the platforms and all that but we have heard it before.

I feel like I have one last shot, banking on stuff like MEOS to come out and then being in a somewhat relative power position over there potentially. There are going to be some pretty powerful accounts there so it will be interesting to see if any powerful EOS holders end up on MEOS or how they will structure that. I have a feeling they are going to make it to where you have to do some sort of facial recognition or something and make it one account / person or something. I'm not saying I'm hoping for that but I just have a feeling there will be something implemented like that.

Future Outlook For STEEM

Back in November I took my account up to 10,000 SP but since them I have only earned 929 STEEM since then from my efforts. That equates to approximately $418 worth. Honestly that isn't a very good situation considering the amount I invested and the amount of time spent putting posts up.

There are some positive thing happening on STEEM and I'm going to keep the 2000 SP in and continue put posts up but in the long run I feel like the money is better spent on other blockchains without so many lingering issues.

HOW MANY EOS, HOW MANY LITECOINS, HOW MANY MONERO!!!

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Did you at least claim your HUNT tokens when you were powered up on STEEM? I do think the project is promising.

With the STEEM you have powered down? Why not buy some EOS-based tokens? I have put some funds in Emanate tokens myself. Rather risky as it's a small project, but they do have a proof of concept and the design looks great!

Also their name doesn't have EOS or 'coin' in it, always a plus! :)

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I never claimed HUNT tokens. Anything that said it was going to be a SMT I just basically didn't pay attention to since it was mainly a fairy tail.

You might hit a grand slam with a project on EOS and get 100X or maybe 1000X. For me I'm not going to risk investing in a token project because of liquidity issues and ease of investing for the masses. I just think stuff like EOS and TRON are going to explode.

It can be a tough crowd on here, I feel your pain!
I'm also in eos.....its doing well lately

Posted using Partiko Android

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To be honest I should have went deeper in EOS. I bought another large bag of it on December 15th but in retrospect I should have bought more.

Oh no. Maybe you take a rest and come back.

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Well I'm still going to be here with just 2000 SP. My money is better off in stuff like Litecoin and EOS.

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I also hope things improve for the sake of all of us here.

Why not delegate to Smartsteem or some of the other bots and enjoy the dividends? You will probably make more that way than just posting.

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Because I will make more money just taking it out and investing in EOS.

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Timing the market?

You can also re-invest your bot dividends in EOS and build up your stack that way.

Anyways, may the crypto gods smile upon you, good sir.

I suck at steem too 😞😂

Posted using Partiko iOS

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Well you are playing the game better than the majority. I just can stomach what I would have to do to be "better" at this platform.

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Totally agree.... here my thing, there will be tons of new blockchain social media platforms coming out.. if you think steem is hard, these other platforms going to be 10x harder. No worries, when these other ones come out... we built each other up 💯

Posted using Partiko iOS

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All the platforms will have their issues but it is hard saying if they will be easier or harder to gain traction. With STEEM someone would have to inject so much money into it to really make a move at this point. Like $250,000 and then it is a big risk because the value could just erode away compared to other cryptos. Now with EOS getting added to Coinbase Pro the on ramps have gotten even better.

STEEM was a super important part of history and will likely hit all time highs again. Just inflation wise and all the other issues I don't see it keeping up. I haven't decided exactly what to do yet and if I'm committing additional fiat money to some projects.

I hate raising my cost basis but with my approach of scaling out when prices go up I'm always afraid of not having enough crypto. When it surges this next time it is going to blow everyone's mind once again. The struggle is getting there.

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EOS is number 1 in my book but keep that on the down low, I might get flagged 😂😂😂

Posted using Partiko iOS

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Actually all the Witnesses are just using this place for EOS funding. LOL

You always think ahead! Very objective and strategic thinking!
Hope you’ll do much better on Steemit soon!
Good luck.

Posted using Partiko iOS

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Got to roll with the punches. Hopefully things will improve but the bear market is wearing on all of us pretty heavy.

  ·  지난달

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