Second thoughts about powering up? Nah...not me. You might find it...inspiring. And of course.. #SPUDsteemCreated with Sketch.

in #promo-steem3 months ago (edited)

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There has been so much talking whether reducing the liquidity of STEEM and stake them instead of keeping some liquid either in your Steemit wallets or on some exchange (don't do that...) actually helps the price to go up or not that it is beyond me...

Theoretically it should work. Reduction of the circulating supply combined with increased demand for the token should always drive the price up, right? Right. Yet for various reasons that I don't feel like I should delve into right now and which are more or less known, the price of STEEM kept cruising between the 0.50$ - 0.10$ throughout the whole 2019.

Some people say that nobody stakes BTC yet it climbed from 0.07$ to 20K$


Does that mean that Steem users don't stake their earnings? Nope... According to the stats power ups outperform power downs for many months in a row, so we are good there.

Does it mean maybe that there is not demand from outsiders or even insiders for extra STEEM? I doubt that...But this second question falls into the category of the "things that are pretty much known..."

There will be a time that those ~ 100 mill liquid STEEM tokens that are changing hands every day...will be bought in no time...you'll see...

So, 2020 just kicked in. What that means is that today #SPUD initiative is being celebrated. You can thank @streetstyle for that...and I would miss the chance to be part of this celebration once again, even though for me...it is #SPUD every day...for almost 2 years now.

2020-01-01 22_11_09-mindtrap - @mindtrap _ SteemPeak.png

Just powered up another 440 STEEM a few minutes ago reaching almost 2000 STEEM powered up the last 18 days. Not bad... That was all the liquid STEEM I had been saving in case...ya know...

But who am I kidding...I am not a killer trader. And I presume 99% of you aren't either. You wouldn't be here blogging and engaging with others if you were. So cut the crap and just power up your liquid coins because that will not only benefit your account but many accounts as well.

The ones that YOU support. Got it?

Speaking of support...


Lemme give you a few reasons with I believe it is a good thing to keep powering up your accounts.

Have you ever wondered what @freedom or @blocktrades or @theycallmedan or @berniesanders or @themarkymark just to name a few, have in common? They are fully "vested."

And thanks to them along with a few others people have reasons to keep being active. It's no secret that a vote from these accounts could skyrocket your post's payout and even trend it.

Now you may wonder how the fuck does @freedom fit in this group, right? He is a STEEM maximalist I know and prior to HF21/22 all of his stake was delegated to bidding bots (and still is) which didn't really use it in a positive way but after the implementation of HF21/22 almost every single bot owner has been using this delegated stake they've received to manually reward hidden gems.

And there are dozens of users receiving those "free" bot upvotes daily, so in a way...while @freedom's account keep growing exponentially, this time it is a bit different...

Now those top stakeholders keep powering up their accounts and combined they are holding what...? 20mil SP? 25mil SP maybe?

And you are having second thoughts whether it is a good idea to power up your 50 / 300 / 1500...you name it liquid STEEM that have been sitting in your wallet doing...nothing?

Perhaps you should use the 100% power up option on every single post you make...that could make things easier and you won't be in a dilemma.

You wouldn't believe how fast they add up...and a stronger "middle-class" of STEEM holders might be what we need most these days.

Can you imagine your account's growth in 3 - 4 years from now? Do you even realize that your upvotes will make all the difference in the world for the newcomers of 2022 - 2023?

Just stay active...keep producing...and enjoy it as much as you can.

Steem can be both profitable and fun.

Have a great 2020 everyone.
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Cheers!

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I got a regain of energy toward engagement this week and now keep the focus to continue to grow my account.

Nice work! It's an open platform. It's literally what we make of it!

'but after the implementation of HF21/22 almost every single bot owner has been using this delegated stake they've received to manually reward hidden gems.'

Finally some good things back a few months a go now in the right direction indeed. But did you also notice that most of them are still powering down? That's also money made with that same delegated stake.
(Not want to sound negative, because bought again some Steem just a minute ago, but this whole delegation-thing = free money, should be reduced to certain limits as well tmho).

I have a feeling that the main reason is that they need to send the curation rewards to freedom account. Although they have received these fat delegations their rewards come in the form of SP and not liquid so they need to power down in order to "pay"...mostly. Now if they also send rewards to the exchanges is a whole different thing but yeah...delegations should be reduced to certain limits. We are on the same page here.

Bought again eh? Wish I could add some more mate, but unfortunately that won't be possible for some time...:(

Didn't buy that much tbh. Besides that; kept some liquid to add and "attack" if necessary ... :-)

Great article!! I just recently learned the 'power up' button...

Ha! I think that you'll become close friends with that button :)

The magic of growing one's account

Hi @mindtrap

I read the post and think "@mindtrap has understood the game"

You emphasize a dry matter and make it fun and enjoyable to read. Everyone who reads your post will understand, but it's only now that they understand the game. You all who read the post read it several times so you can stay in the game longer.
Yes, because you see the opportunities here in the long run and want to join, won't you?

Re-steemed

Thnk you for the kind words. That was my intention on the first place. To motivate people to not quit and keep doing their best. We are at the very early stages and this bear market isn't exactly an ally. Thank you for the RS.

I see! This is why my rank on beta dropped today. Many people powering up. That is good news. I am basically splitting my crypto between bitcoin and steem this year and not playing too much with others, mostly because I feel the platform has actually improved a lot over the past few months. The reward distribution seems to be much better than it was before, so many different curation projects.

I am curious how the HF pressured bidbots to become curation projects...how did that work?

mostly because I feel the platform has actually improved a lot over the past few months

True, and it's going to get even better the following months. New UI on its way.

The reward distribution seems to be much better than it was before, so many different curation projects.

Yet, activity is down...

I am curious how the HF pressured bidbots to become curation projects...how did that work?

They were losing customers and curation rewards due to heavy downvoting on bid botted posts. And in order to keep the delegations from freedom account, they shifted to manual curation

I have liquid to eventually buy btc with but I've yet to do it. Honestly I cant be sure that I ever will but I like having liquid around. Having said that, if I ever feel the need, I'll power up in an instant. I just feel like at my level, being 100% powered up won't matter much.

Your comment gave me an idea for a post tbh ;)

Power up is one of the best ways to boost morale in steemite.