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RE: Don't be afraid of low Steem Prices . Look at the Chart! Upgrade Steempower makes sense when Steemprice is dropping.

in #steem8 years ago

You can also choose to hold onto your Steem Dollars and wait until the price of Steem is real cheap. There is a floor but I don't think we will reach it until Steem is under $1 because that is where it was when the whales got involved. They might not stop powering down if the profit is so high that they are making way more than they originally put in.

Also there are political reasons to power down.

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Of course.
As far as knowone really knows what the floor acutally is it is hard to estimate when it is worth to power up.
But as smaller your stake is the earlier it is worth to do so. because its more cheap to double or triple your stake.
If you already have a big stake you probably would wait for cheaper prices.
for know it isnt really cheap enough to power up for whales, orcas or even dolphins because of the high amount of inflation these individuals are earning.
But for a lot of small fishes it begins at these prices right know that is worth to think about increasing the stake.
this will be the first wave of SteemPowerdistribution from the biggest to the smallest.

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