RE: Would you take 55,000 STEEM or 1 BTC?
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I know guys who bought Steem 18 months ago. When the price dropped, they just left it liquid, so they could sell it. They haven't, though. Why would you? The price is terrible. So instead of keeping it powered up, building relationships, enjoying all those juicy curation rewards and inflation, its just sat there.
That's a huge opportunity cost, just to enjoy the option to dump quickly.
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I have an acquaintance who bought at 6 dollars and powered up, but was inactive. That was two years ago, so his coin holdings are about the same as they were when he bought instead of adding 50% to his holdings or more. He still needs 6 dollar Steem to break even.