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RE: Exchange Transfer Report: 9/12/2016 to 9/19/2016
This is maybe a bit OT, but, let's say I have USD $X that I can invest speculatively in the platform ("never more than you can afford to lose") what would be a near term & long term strategies to consider and do further due diligence / research on? E.g. I see the STEEM DOLLARS are paying 10% APR and have read the recent posts by @abit where he talks of the idea of a bot to move funds in on a monthly basis to maximize compounding.
Thoughts? Links?
That's a great question, but I'm not sure I have good investing advice for you. There are so many different approaches, and I've been trying my best to soak it all up over the past couple of months. Another thing to consider is how holding VESTS gives you newly created Steem Power. STEEM itself gets diluted, but Steem Power increases based on the distribution numbers here (1M VESTS will equal more and more Steem Power as time goes on): https://steemd.com/distribution
To me, I think long term value is in Steem Power, assuming the platform survives and thrives. I might be wrong there, but what some call the "interest rate" for having VESTs is quite high right now and will settle down in less than a year. SBD, on the other hand, also give you interest but (hopefully) in a pegged asset, unlike STEEM which has been free falling or Steem Power which is illiquid and requires 104 weeks to fully divest. So yeah, I'm not really sure. Some days I think powering up everything is the way to go. Other days I think I should have held on to more SBD. Still other days, I wish I had powered down and cashed out some Steem for BTC so that I could buy in much cheaper later.
There are a lot of posts about theory and such, but I think I've learned the most from just asking questions in the Steemit chat #price channel.