Did I say FUD?
I meant FOMO.
It's just that SPUD FUD rhymes.
With Steem slowly gaining ground in a flat market I've caught the power-up bug once again. My Bitcoin/Ethereum/Litecoin hedges are just barely passable enough to justify this move. Honestly, I should have just played it safe with Bitcoin, but what fun would that be?
At the end of the day I want bragging rights that I acquired a dolphin's worth of Steem when the price was sub 17 cents. I really would have felt like I missed out if I couldn't say that.
If all goes well Litecoin will spike up from a lack of liquidity resulting from the halving in August. This will allow me to cash out of there and get even more Steem. Here's to hoping I can make Orca over the next year with a little luck. Feels good to almost be half way there.
It's important to note that I NEVER thought I'd have this much stake in Steem. I thought the price was going to stay above $2 or at least above $1 at one point. Like many of us back then, I had caught the FOMO bug back in the day as well.
Let's hope it turns out a bit better this time, shall we?
The SMT pump and dump may just now be starting to gain some ground. I still value Steem at a minimum of 40 cents and think we can easily get back to this level. We are very oversold, and the price of SBD reflects that.
At the end of the day Steem has to go x10 from where it is now to even have the same market cap as my favorite ERC-20 token Maker (and I think Steem has a lot more intrinsic value than Maker). Remember when we were consistently hovering between #27 and #33 rankings? With our liquidity issues (in both directions) I think we have a real possibility of achieving that within the next year or two.
Even if we don't the power-up will have still been worth it.