To be bluntly honest with you, you shouldn't be considering selling your Steem at all. Probably for at least the next year if I had to guess. Depending on how active you are on Steemit or one of the other platforms that access the Steem blockchain, I think the best thing you can do is power up your Steem.
Growing your account is one of the single most important things you can do to ensure that you will have future success here.
The fact that you are on musing asking this question leads me to believe that you didn't just purchase Steem as a crypto to hold or day trade. Putting that Steem into your account in the form of Steem Power will give you more influence on the chain and the ability to earn more in the long run.
Right now it is really hard to see the value of rewards because they are all pretty low. If the price of Steem recovers even a fraction of what it is now though, those returns will only grow.
Even if you are just giving out your vote as part of a curation trail, you are going to see passive income being returned to your account. The more Steem Power you have the more that passive income will increase.
I understand that not everyone is into blogging or vlogging or doing some of the other things that are on the Steem blockchain, but if you are going to hold Steem why not at least make it work for you buy powering it up and letting it earn passive income.
My best advice: Power it up. Grow your SP and do some curating. You will start to see your account grow even more over the next year. Then by 2020 if you want to start selling go for it.
Ialways try and listen to the old advice of 'buy low and sell high' - sofrom this advice selling now would be the worst thing to do. I would advise to keep on blogging and creating content - Steem is a great platform and I expect it to rise again (along with the rest of the market!).
Unless you need the money to live and then thats a different story, and you should probably sell. But the way I look at is that I can live without the money I have earnt from Steem and so I will HODL and hope the price will increase. Sadly though I cant see us having gains like late 2017 and it will be a very slow recovery.
I went to your profile and checked that you've got approximately about 113 steem. I guess, steem would be going down for a while. It's not that the company is not a good company. It's a going strong with such a strong community. If I foresee it in my own crystal ball, I think it would go down first before going up again. We have to wait for big brother, Bit coin to rise before the young ones could rise.
It's like Dow Jones, even in Malaysia, I have to check what the DJI is before making any stock moves or else if it starts to go down, Malaysian stocks are bound to crumble. I guess thats how i see it.
You can do two things. I would do this two if i had 113 steem at the moment. The first method is to cash it out and keep it beside and wait for all those mayhem to go through. Once you see strong rebounds of BTC, then it's a sign for steem to rise too. But don't go too over excited about the moment of steem rise if it does go to 1 or two. It's not too late at that time to head back to steem unless it rises back to 8. Then it's not worth to put money back. The other way is to just close your eyes and wait.
If you don't need the money urgently which i guess now what you can collect is about usd 26 roughly, then just keep it there and even if it goes down till 11 usd which i think may happen as i checked the charts and seen that the btc would and may go down till 1500 roughly before heading back up. You can do it an averaging cost which stock investors or many investors use to buy stocks. Buy at all periods of time if you think those stocks are good. It will eventually even out the prices of the investment and you won't feel that painful.
Yeah, i think it is a good idea. But not sure for January, you should hold your steem till the price of steem don't increase.
Steemit is a online earning platform. There are three kinds of currencies on steemit. they are SBD, Steem, SP. As we all know the price of this three currencies sometimes increasing and sometimes decreasing. Now the price of SBD and Steem are very low than before.
Once apon a time i had bought 1 Steem by 450 BDT. but the price of Steem is 22 BDT. This is really very sad news for us. On the other hand the price of SBD aslo decreasing than before.
As the price of Steem is now very low that 's why we should not use our steem for buying upvotes. Because it is very bad time for buying upvotes. If you buy upvotes then you will face a hugh lose. If you are thinkng about to power up with your steem then you also should not do this.
I think we should hold our steem till the price don't increase.
Personally, I don't expect much difference between the state of the cryptocurrency market now and in January, I believe the onslaught on crypto prices will continue for a while.
If you are in need of money and thinking of the best time to sell, you should know that no one can accurately predict the crypto market. Many (including me) expected the market to bounce back this December but it did.
I'm inclined to think any possible bull run cannot occur earlier than February. Bakkt announced they would list Bitcoin by Jnauary ending and the SEC decision is supposed to be announced in February.
However, this isn't professional advice. Do your own research
I strongly suggest you to hold your coins Don't be panic and Steem has amazing potential do you remember in January when its was moving around $4-5 . So, Don't loose your hope. Well, I am not a financial adviser but I would say it's an opportunity to collect more STEEM coins and if you can buy then it will be Cherry on the Cake and there are a lot of people who is spending money to make their account powerful even I am also trying to collect more an more STEEM.
My Dear friend, It's up to you how you are considering the situation you can consider this time as an opportunity or a Black time for Crypto holder and we are already in huge loss and it is clear if something gonna be in future then it must be Good for us.
Thank you & Have a Good Day/Night!
According to my opinion, i think you should hold your steem coins upto March 2019 till its mainnet launch. There will be a spike in price starting from January 2019 when there will be an announcement on its Test net launch. If you have bought steem coins at a higher price than not to worry there will be a spike up in a price and it will give you good return in future. As the market is fully dead and the flow of money has been stopped in crypto market.
If you sell your coins at this time than you will not get anything from this market. Always remember don't sell in panic and be positive about your portfolio. As i have mention earlier in my answers don't play with emotions in terms of trading. Just hold if you are in loss, no need to worry about it there will be a good future of cryptocurrency as there are many country who are eager to accept cryptocurrency in a legal format. So hold your coins upto mainnet launch.
I believe holding STEEM as steem power is the best investment plan that you can do given the compound interest and earnings you can get from holding. If you see there is a PUMP over 4 USD that would be a good time to get some profits out. I've been trying to do so but just to buy more when the price falls. STEEM is my primary funding source for trading other currencies and I have a locked amount of STEEM as a safe fund just in case I lost everything trading. If you see yourself in the long run using steem blockchain so holding and powering up is always a good investment.
if I may suggest, don't sell your steem now. I know now that everyone is very tired of waiting for steem prices to increase. including me. I'm also very tired of waiting for steem prices to increase. But keep your confidence in yourself, that the price of steem will increase in 2019. and in my opinion if a lot of people sell steem at low prices now, that only makes steem prices go down.
HODL it! - i am sure 100% that crypto prices will raise again next year, maybe end of January 2019 or February 2019.
STEEM price is very low now, and there is strong support below $0.2. Make sure you collect more :) and HODL it.
In my opinion, if you have collected from now, you can get some good things in the next year. It was seen now that our steem prize is now very poor and very low, many users are giving up their activities, but this is not right.
If they now do more work at this time then they can deposit more steem in their account, and of course, in the next year it will rise to the top level, then they can get a good amount of money in my opinion so that we can do something in the future and next year. Get good
I would say you can store as much as you want now. Then you will get something like this in January