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RE: How To Cash Flow Your Crypto
I will only write about the fifth one and this doesn’t mean I’m a big fan of the other four, especially #3.
It’s a bad idea to rent your influence on steemit. People who don’t have any stake in Steem use your Steem Power to get a piece of the reward pool.
50% of it is liquid. That means they can cash it out immediately and the rest in 3 months.
While you hold the bags for them, they make a killing on the platform and run away with their rewards. As a result the value of the platform and Steem goes down and you lose money.
Do you think most people do that? Cash out and run away never to be seen again? Thanks for adding your thoughts!
I didn’t say never to be seen again. From that perspective, it makes sense to repeat this cycle as long as steem is worth something, but as soon as steem loses value, I don’t think they’d hang around much.
Since they don’t carry a considerable amount of Steem Power, nothing keeps them on the platform.
If there are people who rent Steem Power for idealistic reasons, fair enough, but that doesn’t seem to be the majority to me.
Oh alright! Thanks for clarifying.