Ok you know the story its a bloody red day. All crypto's are down so what is a Steemian to do? Buy I say, when the streets are filled with blood and people are running scared this the best time to buy.
I wish for me it was as simple as buying some STEEM but It wasn't. In order for me to buy some STEEM I need to sell another coin. Here comes the dilemma. Which coin to sell if all the markets are down?
I look at coinmarketcap and check to see which coins from my portfolio have dropped the least percentage wise. Litecoin is the winner at only 6.74% drop, but I don't want to sell my precious LTC because of the anticipation that it will double soon.
I go back to coinmarketcap to see which coin I could let go of. STEEM has dropped 20% so whatever coin I choose to sell as long as it hasn't dropped as much as STEEM I'll be winning.
I picked ETH. It dropped 11.46% in the past 24 hours but still above STEEM's drop. Plus I already had 6-7 ETH on the exchange so Im just going with that.
I put my sell orders in for ETH and sell at 0.09041175. I netted about 0.554 BTC. I turned around and purchased 1,067 STEEM. I may of been able to squeeze out a few more STEEM but what the hell I purchased at the market ask rate.
It's all good, now I have my STEEM and will use it to powerup my account. Thats all that matters and is my ultimate goal. Power up , power up to the tippy top until I can't stop.