Is Steem price getting you down? Are whales cashing out at an alarming rate? Is there even a future for Steem? Is it too late?
Fear not, you are not the only one with questions. At least, things went up a bit today. In times like this, it is either a great time to buy or cut your losses by exiting most, if not all, your position.
I cashed out some of my liquid Steem and traded them into other crypto assets. It's not a lot of money, but I am willing to bet the potential returns from them will be far greater. I don't have a lot of stake on this platform. In fact, almost half of my stake derives from author rewards. The rest, I will consider them as acceptable losses.
How will the tribes survive without the value of Steem backing them up? Well, that is none of my business. They need to figure that out. Some people thought about forking and start off on their own, but building value is not an easy task.
For me, I will stick around to witness the drama of HF21 before deciding whether I want to ditch the place. Focus on the tribes a bit for kicks and giggles. In the worst case scenario, I will pretend I spent money on quality drama and entertainment.
If you have a diverse portfolio, let's laugh together. If you were all in on Steem, I may feel bad for you. If this was your livelihood, then I don't know what to tell you.
So, what will you do now after seeing the current price action? Will you power up to be the next whale? Or will you choose another path?
Answer the question at dpoll.xyz.
