So, we seem to be slipping down and I know many people are a bit worried. I see in the comment sections, in the tweetertown, everyone is calling for the 6000 valuation to be retested. Well, this might happen. But, What does that mean? Does it mean it's over? Does it mean you should sell? Does it mean you should stop posting? img src

The Risky move

Obviously it's no secret that risk can equate to gains, but let's not forget that it can equally equate to loss. So, in my mind the strategy some are suggesting is best suited for those who have high tolerance for risk, those who if they miss the mark, won't be cursing at the clouds and trying to find someone who deserves to be punched.

What I've heard some fellow Steemians suggest is to sell STEEM at these prices, wait for it to go into septic shock at $0.50 or so and then rebuy it all. In theory said move would double or triple your current holdings, but It does not take a rocket surgeon or a brain scientist to calculate what could happen if you are wrong. (yes, you read those right)

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Math time...

Yes, I know, you don't like it, but always remember to never forget: Math is your best friend, but you gotta let him help you. Ok, so the following little exercise should be clear enough for anyone who is attempting to do any kind of trading. If you don't understand it, don't feel bad, but feel free to ask a thousand questions, because it's very important to understand before jumping in.

Question.-

Mary has a $50 Dollar Budget.

Mary buys an apple stock for $50 because she is certain that she's going to make some money. It's cheap, it's been tanking, its soon to run around. Mary sees the value of her stock go up to $60 bucks so she sells her stock. Soon after, she sees the stock keeps on climbing, so she decides to buy again at $70. Then, once it reaches $80 she sells it again, because she knows it could tank any minute.

How much profit did Mary make?

• a) $10
• b) $20
• c) $5.0
• d) $0.0

I used to think that these type of question was simple to answer for most. However, at the expense of sounding a little mean, I've recently discovered this is not the case, hence why I'm making this silly little example.

I don't care about apple @meno

Yes, I know, I don't like them either, but my point is this. If you are taking a risk by selling your liquid steem hoping it will go down, and if it actually goes up, you won't be in a better position. You would effectively have lost influence on the platform even if the valuation of your tokens compensated for the SP amount.

The safer play

Keep on posting, keep on accumulating tokens. Of course, there is no such thing as a risk-free move, I think the concept is absent from the cryptocurrency world. However, as the price of Steem goes down, you can effectively collect more tokens to "fight" if you will the devaluation of the currency.

I know some people might be thinking. "Oh, but it's painful to see the amount go down like that... my wallet is shrinking... " - The old saying comes to mind. "You only lose if you sell"- That's my current attitude and for now I'm not paying attention too much to what the USD number says.

Put the SP to work

If you are not feeling too motivated to post and interact, there are other choices for you. You could delegate it to an initiative, you could sell votes through @smartsteem (strongly recommend it) - or you could use @minnowbooster's market and delegate out for a nice APR.

It's important to say that doing any of the things I've listed here does not negate the possibility that you could be doing something else. At this point in time, I'm doing everything I can to increase my SP holdings. I'm on SP gluttony mode and that is the move I'm most comfortable with.

What are you going to do?

Specially if we go under a dollar. Are you going to reverse mortgage your home? (im kidding, dont do that please). Are you going to stay put? Are you going to post some more? Or are you going to go in full hibernation mode?