I did it. I finally sold a portion of my failing Ripple (XRP) and NEM (XEM). Screw those coins.. I know I should HODL (and that's why I didn't sell EVERYTHING, that would've been an incredibly emotional and dumb move) but seeing Steem's price at this point?
See that up top over there? That's me buying, buying as a lot of people are panic-selling their Steem :)
It's too good to be true, I'll definitely buy up some more Steem!
Remember.. one of the most important things to look at for a cryptocurrency is the actual foundation behind it. Ripple's got some sketchy stuff, NEM's team SUCKS at PR and marketing, and honestly Steemit's account registrations and # of posts/comments going up each day skyrocketing indicates good stuff for the future.
Steem will most likely hit 600K or more registered accounts, as Stephan predicts:
https://steemit.com/steemit/@stephenkendal/steemit-soon-we-will-be-punching-through-250-000-registered-accounts-and-this-is-why-i-have-set-a-minimum-target-of-650-000#@avilsd/re-hms818-re-stephenkendal-steemit-soon-we-will-be-punching-through-250-000-registered-accounts-and-this-is-why-i-have-set-a-minimum-target-of-650-000-20170710t100556602z
I don't even care that this is the first time I sold in the red.. it's an ego thing anyways. There STILL is a chance that posssssibly I could make money on NEM and XRP if they blow up again, but whatever ;) I'll profit off of Steem more anyways, and at the end of the day it's all about whether you can make more money or not.
