Sold all my steem for steem dollars
I continue to like Steem. Neat place. Neat idea.
The whales are acting a little better, but this whole place is isn't super stable. The whales still have like 80-90% of the steem. They have a desire to cash out because they like eating and paying rent and not living in their parents basements. So, when the price goes up they will sell. There aren't people ready to shove $40M into this blogging platform to offset the cost of that so the price will drop. We are in a brief period of irrational exuberance where the increased price hasn't hit everyone yet so the whales haven't sold against it... yet. The price will be back down to $0.10 in a week or two. I'm looking forward to doubling the amount of steem I own in that time period.
Not financial advice fuckers. Just me ranting.
There has been a lot of interest from new users recently looking to power up more STEEM. There have been a few new large investors too.
@timcliff
This is very true as well. A lot of ppl here participating in the powering-up for 30 days challenge ;)
If they chose 100% SP for their posts, it essentially has the same effect as burning SBD - which is great! (The SBD never gets created in the first place, it just goes straight to STEEM->SP.)
I don't understand what you mean. I haven't been able to find any info on how the slider works. Could you elaborate?
The vote slider shows up once you reach a certain level of Steem Power. Until then, it just casts all votes with 100% weight.
Note - you get 40 100% votes within a 24 hour period before you will deplete your voting power at a faster rate than it recharges.
My confusion is - how does voting 100% cause a burn? Does less than 100% not burn?
Does the slider show up for you?
There is some info here: https://steemit.com/steemit/@shenanigator/thanks-to-your-help-the-official-steemit-faq-is-now-complete-part-2
If you vote with 100% voting power, you get 40 votes per day before you depelete your voting power at a faster rate than it recharges. If you changed your votes to 50% weight with your slider, you could get 80 votes. The votes would only use 1/2 of your power though, so it will have less of an effect on the payout.
Probably a good move, but you also run the risk of being shut out. Imagine watching STEEM climb to much higher prices with no way to buy back in other than taking a big loss. I'd probably sell some steem now too if it wasn't all powered up with the same goal in mind: to buy back at a cheaper price.
Yeah from what ive seen many posts of people powering up which means more people are buying in. After this weekend rush we will really see how everything is turning out.
Sold all mine for Bitshares back at 7 cents. STILL WORTH IT
vERY Well Said ;)
Resteemed & following