Just a rambling post, to say thank you to everyone who has been building and buying STEEM these past few months.
Today I hopped into the SteemChat Discord server (go there if you haven't already), and was greeted by @whatsup who welcomed me by saying 'I must feel pretty good' about my buying actions the past few months. She told me she was happy for me, @glenalbrethsen (we powered up to Dolphin status about the same time!), and all the other people who powered up 'during the scariest of times'.
Honestly, you tend to forget these things, but it was pretty big indeed! Once I fel for STEEM I had been 'waiting' for below 1$ STEEM and decided to buy once STEEM reached that target. I bought about a 1000 STEEM then (which wen powered up made me a Dolphin!) and another 900 STEEM later when STEEM was even below 0.30$, which I had set as my second 'target'.
I think I did pretty well keeping myself to my promise of buying below 1$ and then below 0.30$ - to set a goal and just do it, even though a tiny voice says 'but maybe we can go lower!', makes every action more rational and less impulsive. You know what they say: don't try to chase the bottom!
How I did it was set some FIAT 'trigger ready' at an exchange so I could click 'buy' whenever I wanted. I kept my first buy liquid for a few more weeks because it was around SteemFest time and that hurt me pretty bad financially - so I wanted to make sure I could 'indefinitely' power up the bought STEEM. The second buy was with a waaaay smaller amount of money and I knew if that money would really count for something STEEM wise I had to set a low target. And well, we all know, STEEM really went that low and again I kept my own promise. Click. Buy.
The trick now is to enjoy the growth of my account (is this a placebo effect or do things get easier once your wallet grows above that magical 5000 SP mark?), and decide 'reverse targets' for cashing out. I have not yet set mine, although I have in mind that I might be willing to cash out about 1000 STEEM (earned through the 'non-community' work I do on STEEM) at 10$-15$-20$ because my off-blockchain finances could use some breathing room.
But nothing is set in stone yet - I'm just thinking about this because I do want to make a rational decision about when to cash out once the bulls start running with the STEEM charts. Because don't chase the bottom is true, but don't chase the ATH is very much true as well.
So here's my question to you:
At what point are you going to cash out some STEEM? And what will be your strategy? A fixed amount? A percentage of your holdings every week? Something else?
Anyway. Just some rambles. It's a style of posting I don't do often. Something else I don't do often is create a GIF especially for a post. I just wanted to say CHEERS to everyone who has been building their accounts by keeping their faith lately. And more specifically I wanted to open a bottle of Red to all who bought in these past few months. You truly all are very special to me.
[Me looking anxiously in the camera to see if I can hold my phone, record, drink red wine all in such a balanced way that it's good enough to create a GIF that I will post on an immutable blockchain. After a few seconds I see I'm fine, and then thinking who I'm doing this for, yes, you, and finally a smile appears on my face.]
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