I know that it's sad to see STEEM and SBD rates drop to 2 usd. It's when you've 'tasted blood' that you will feel the pinch. When STEEM and SBD was at 6-8usd, everyone was glad, and it began to do a little somersault dive and a dip here and there that people are sadden when banjo gives the market rates.
Well, if you are a true believer in the potential of Steemit, you would probably know that you're in this for the long run. Whether it rises or dips today, you will stay faithful to the platform and your wallet. That being said, there are a few things that you can do when STEEM/SBD is at the current rates and maybe look at the positive side of things. We already have so much negativity outside, let's not make Steemit another factor to frown upon.
Things to do when STEEM/SBD is low
1. Keep Posting. This is one of the advice I would give to many people who asked me whether they should wait till STEEM/SBD rises. Many are definitely dishearten at the the lowered voting value comparing to what it was a few weeks back. But I would say, stay consistent in posting QUALITY posts. Reason is so you would not lose out on any payout IF a rise in SBD were to happen. Like that time when SBD shot up to 17 USD and a lot of people do not have any incoming payouts to convert to STEEM. So you would not miss outon the BIG waves.
2. Good Conversion from SBD to STEEM.To think about it, the rates converting from SBD to STEEM is still a profit. No matter the current value of STEEM and SBD in USD, as long as you get more STEEM when converting from SBD is still a win
3. Best Time to Invest. For those who have extra money and are thinking of investing into your insurance or fixed deposits in the bank, why not try investing into STEEM? If you have faith and have followed and read up on the Steem Blockchain, the visions of the creators @ned & @dan and realized the POTENTIAL of Steemit, you would know that this dip would not last. I believe STEEM/SBD will rise very soon.
4. Don't Panic & Hodl. Yea, pretty much just wait the winter out, I can't predict how long the rates are going to be at 2 USD, but I do know that it will rise because Steemit has got so much potential and so many plans yet to be executed.
As long we continue to Engage, Build and Support the Steemit ecosystem, we will see the glory days again one day and probably an even more glorious one. Till then, sit tight, grab a cuppa coffee and post!
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