Bullish On STEEM, Even Unintentionally

Couldn't Stay Away

This morning I passed the 9,000 SP amount after powering up a little over 250 STEEM.

In fact, since mid-September, so roughly two months, I've powered up over 1,100 SP. Most of that came through buying STEEM.

Honestly, I was surprised to find I'd powered up that much. A couple of things factor into that surprise. One, I wasn't going to buy STEEM unless it went lower, but then SNAXP came along on STEEM-Engine and I started to buy STEEM to purchase SNAXP. But there was only so much SNAXP at prices I wanted to pay, so the remaining STEEM I powered up.

Two, I'd been talking about in posts that if anyone had some disposable income, buying STEEM at $0.12-$0.15 USD seemed like a good thing. I guess it was hard to ignore my own reasoning. I wouldn't call it investment advice, however. Whether anyone else buys and powers up is up to the individual and his/her own situation.

Thanks to the purchases and power ups, I'm near $1 USD per STEEM. That doesn't sound so awesome right now, given where STEEM values have been for a year, but considering I first bought STEEM when prices were between $3-$6 USD, I feel like I'm accomplishing something.

Thanks to an additional 3,000-plus earned SP, my cost per STEEM is below $0.64 USD.

It should go without saying that I'm not claiming any great accomplishment here, but I'll say it anyway. Others have powered up more than I have in that period. I'm glad. It's good to see others feeling like STEEM is worth buying, especially at such a low price relative to where its been and where it certainly could be.

With the live feeds that came out of STEEMFest, and now some of the posts coming from attendees about their excitement surrounding STEEM and the coming year, it's more possible, I feel, than it has been all of this year, that the days of low STEEM prices are nearing an end.

Whether any of that becomes more than a feeling, I believe, hinges on many things, some of which STEEM and those behind it might have some say in, and much more where they won't. But if anything that happens on chain is ever going to move the meter upwards, SMTs and Communities have the greatest possibility. As far as I know, there's nothing more on the immediate horizon being done on STEEM that could cause a jump in price.

If Only I had Gotten In Sooner Later

For the better part of 2018, I would shake my head anytime I was reminded of how I could have gotten on STEEM sooner, as early as July, 2016, and thus benefited from the lower pricing relative to when I actually signed up (late December, 2017).

However, as often is the case, what comes around goes around, and past is prologue, and voila, STEEM falls to where it once was. Rather than purchased STEEM in the 5,000-plus range, if I had waited until the last couple of months to buy, with the same amount invested, I'd be in the 38,000-plus SP range, with at least another 3,000-plus of earned SP on top of that. In other words, I'd be under 9,000 SP away from being an orca, instead of the other way around, as I am now.

In The Coming Weeks

We are full blown into the end of the year holidays, and so I'm not sure how much more investing I'm going to do in 2019. If I feel I can swing it and prices continue where they are, I could very well do some more. Or, I might just hold off and wait until after the new year.

I'm interested to see what STEEM prices will do between now and then. Will the end of this year follow what happened in 2017, which had its own low value run for several months before hitting all time highs, stay as it is, or manage to go down even lower?

I have no idea. There are plenty of things happening in the next six months or so that will change STEEM, and crypto as a whole, even if governments around the world don't get involved with greater attempts at regulation. The halving of Bitcoin in May of 2020 alone, if history holds, will have profound effects on crypto. By then, SMTs and HF 23 should have already happened, and we should be well into Communities by then, too.

I'm certainly not holding my breath on anything, and as I've said in a couple recent posts, I think the quicker we can get STEEM moving along a much wider path of commerce than just digital offerings—social media, games, gaming, investing, etc.—the better, and more likely we actually onboard all the masses that folks keep mentioning.

In the meantime, it's onward, and hopefully—if I write it enough times it will come to fruition—upward.

_{Screenshot images from steemdb.com and steemitwallet.com}