RE: A guide to investing STEEM - points to consider
Never power up. Don't do it. Earning 10% curation rewards on a 10,000% voltatile asset is pointless. The 3 month window is far too long for a very volatile crypto market. You will lose out 80% profit potential when/if the time comes for STEEM to pump, waiting for tokens to power down. I get it, you're a HODLer and a believer. You find giving out money powerful. However, there are much more efficient ways to massage your ego. If you are truly religious, you'd want to accumulate more STEEM, you'd want to sell high and buy more lower.
Some valid points in the post but this part is the single worst advice you can give anyone looking into STEEM.
Its very simple. If you want to buy STEEM, the stupidest thing to do would be to keep it liquid. You cant anticipate the pump nor can you anticipate the length of the pump. Maybe STEEM goes parabolic after a 5,6,7 weeks after you clicked powerdown. You cant know that. A long powerdown could potentially keep you from selling at a lower price point.
- Curation is higher then 10%
- You stake gives influence
- More influence means more votes if you want to post which in turn gets you more STEEM.
you'd want to sell high and buy more lower.
Oh really? I never would have thought to buy low and sell high. lol
In a nonregulated manipulated market run by corrupt exchanges that fake volume up to more then 90% anyone that thinks they can trade efficiently and doesnt have really deep pockets is a fool.
The curation and inflation gain you can potentially earn from STEEM makes a massive difference. If i held any other altcoin i would now be down 90%, instead im 30% in plus because of STEEM. I didnt trade once.
Not only is it not pointless, its exactly the opposite, its immensely significant.
I made a list of all the well known altcoins with similar drops like STEEM in price. They all dropped the same or more then STEEM but if i held any of them instead of STEEM my portfolio right now would be worthless.
If you fear the volatility stay away from crypto but the powerup option STEEM has gives it massive advantage when it comes to investment stability for anyone willing to put in some work.
I'm afraid I have no idea what you're on about. Your justification is you're a bad investor so powering up will save you from yourself? What absolute shitcoins have you been buying or making lists of? STEEM is down 98+% from ATH, dropped from top 20 to 80. It's objectively one of the worst performing altcoins. Unless you've been gambling with shitcoins outside the top 100, in which case I can't help you. Anyway, we'll agree to disagree and move on.
A bad Steem investor does not power up.
The inflation and loss of potential earnings makes it a terrible choice not to power up.
Decision to simply base your Steem investment on gambling is a stupid one.
If you won't power up then it's a better choice to stay away from steem all together. There are non inflationary tokens out there.
There's dozens of top 50 tokens that dropped exactly as much as steem but steem being what it is your loss incured is much lower then it would be by holding any one of those.
The fact remains that not powering up is a terrible move right now which is why I applaud the change in power down time which would add much needed mobility to steem.
Right now if you simply hold steem and gamble with it you not only are gambling and risking to lose that way but you have inflation working against you as well and you have the loss in earning potential while the market might keep going sideways indefinetly as far as we know.
That's why I find your advice for a "steem investor" to be terrible. If you'd advise never to powerup the better advice would be just to stay away from steem, which is fair.
I don't know what absolute shitcoins you're talking about. I'm not interested. STEEM is far and away the worst performing token I've followed, it's not even close. Besides, they would no longer be in the top 50 then, if it performed as poorly as STEEM. Again, STEEM has collapsed from being top 20 to the bottom end of the 100 in just a couple of years; or worse still, #3 to #80 in 3.5 years. Successful projects that were lower than STEEM's market cap a couple of years ago - EOS, BAT, MKR, BNB etc. They are literally worth 10x-100x as much now, and they have borne the full brunt of the bear market too. No amount of powering up is going to multiply your STEEM holdings by 10x-100x. I'm not even comparing to relatively safe options like BTC or ETH, against both of which STEEM has absolutely tanked throughout its history. I'm afraid I can't make any sense whatsoever of what you mean, so let's just agree to disagree and move on.
Youre wrong. Ive listed at least 15 of them from the top 50 that performed worse. Im not going to waste my time trying to list them again. Its somewhere in my posts, the exact percentages i pulled.
It might be the worst performing token you followed but its hardly the worst performing token.
Yes they would. I tracked the drop since ATH. Steem is hardly the worst performing token.
Any token can be the worst performing one if you pick the exact worst time from which to track it but thats disingenuous.
I choose the ATH and from that point its hardly the worst performing one.
Why would anyone assume their holdings will multiply 10-100x? Thats a foolish thing to expect. All your complaints are complaints against the alt market.
Steem is in no way performing worse then majority of top alt coins. You name Bitcoin and ETH as if STEEM was ever even close to their name recognition and their shill army.