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RE: Why Powering Up Is The Secret To Your Steemit Success: It Is Imperative!!!
The best thing that i started doing was to take part in a daily writing challenge. It got me posting regularly, gained me followers from that challenge and increased my earnings. I also started commenting and voting on others in that challenge and gained more from steemit.
At the start i powered up everything that i earned but when steem rose in price i moved it to an exchange to buy crypo so that when we had an inevitable price dip i could get more value from my next steem purchase and gain more sp.
That looks to be very soon with the market in decline so i should be able to buy about three times more steem than if i had just powered up straight away.
What do you buy when inevitably all crypto are dropping like today? Tether? The idea you have to earn more steem makes a lot of sense at times like today. Thanks.
Thats the best time to buy. Ideally you want to get into the market when it has dipped not at it's peak. For myself I have a good spread of crypto, about thirty different types from iota, ripple, neo, verge... So when the time comes that I want to buy more steem the chances are that at least some of those coins will be in profit and i can gain the maximum amount of steem power possible. Even today with the huge drop in the markets a lot of the coins i bought before the xmas are still higher than i paid for them using 7 dollar steem. If they have fallen i will use a different coin and wait for it to pick back up.
I see so you diversify. I find it difficult to keep track of all the different wallets that way so have been avoiding to buy multiple cryptos. I think I need to settle on an exchange and start trading for more crypto. Thanks.
Well the ledger nano can store all the major ones and the smaller ones that i have are split across a few exchanges, to spare the effort of using all the wallets. Bittrex is handy as it trades steem so it's easy to pick up bits and pieces as you go along.