I have been thinking about it from the past few days especially since the recent pump. I was here when the price of steem touched it's all time high of $8 and I had around 500 liquid steem at that time. Instead of cashing them out, I powered them up. Yeah, the greed of earning more on my payouts got better of me. But I am sure there are plenty of people here like me who did the same thing. I still think about that decision but to be honest I have no regrets.
I was presented with another opportunity, this time it was because of SBD. I had around 200 SBD on bittrex and once the price reached around $20, I was super pumped. But again, the greed got better off me as I thought SBD will continue to pump. I just cashed out 10-15 SBD which, at that time, I thought will cover my expenses for a month or two.
These things happened because I was new to the crypto space and didn't knew much about it back then. All of us make decisions, some turn out to be good ones while some haunt us for the rest of our lives but there is another category of decisions from which you learn. These two decisions of mine belong to that third category.
So, if the price of Steem reaches $2 or more, I will take out a portion of my stake probably around 10-15% and cash it out for fiat just to bring some financial stability in my life which has taken a huge hit right now. I will however, continue to be active on steemit through posting and curating content. If the price of steem reaches it's all time high, I might take out a bigger portion of my stake but I won't abandon steem ever.
So, what are your plans if the price if steem reaches $2 or more?
Let me know in the comments section.
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