about for steem power

Making an investment is a big decision, especially in a cryptocurrency where there is no shortage of volatility and lack of regulations. Making an investment can further be complicated when there are three options: Steem, Steem Dollars, and Steem Power. On top of that, the price has seen a steady decline since it spiked a couple of months ago, and it seems that everyday there's a new post about how low the price of Steem is dropping, and wondering if this is the best time to buy, or if we're headed into a black hole, never to return again.

The current price of Steem is only one factor to consider

What follows in this post may not be news to everyone. I'm sure a lot of the veterans here are aware of most/all of things I'll be talking about, but now that we're closing in on 100,000 accounts, and the majority of those have registered in the past couple of months, coupled with lower prices, this may be an optimal time for many new members to invest, and I'd like to point out a few things beyond the current price of Steem in an effort to get the most out of their investment.

The magic of Steem Power

Steem Power is sexy. It gives you larger curation rewards, more influence on posts, and can help protect against the inflationary nature of Steem. Your Steem Power is constantly on the rise, and because of that, you're guaranteed to have more Steem when you cash out then you initially invested.

Behind the facade of Steem Power lies the real asset. The Vest. Or MV. Your Steem Power goes up because the cost to convert Steem into Steem Power is always going up.

When I first joined here it took approximately 250 Steem to get 1 million vests. As of today it's up to roughly 350 steem per MV. That means even if the price of Steem remains the same, it will always cost you more to convert into Steem Power in the future. Of course the price has been falling at a faster rate than the inflation of Steem, so for the last couple of months, price was the most important factor in deciding when to invest. However now that we've reached what I think is close to a short term bottom, things may get a little trickier in the future. Because of this I'd like to bring some attention to a more important price to look at: the price per MV.