Is It Time to Power Up?
Been thinking a lot about Steemit lately.
Mostly, I've been thinking about how it's still growing as a platform. Lots of promising projects are on the horizon, with SMTs and the like, but with the current cryptocurrency downturn, the price of Steem is taking a slide.
So the question remains: is now the time to buy Steem Power?
And I honestly don't know if I will. Yes, Steem is cheap at the moment, but so are a lot of other potential investments. It's hard to make a solid choice one way or the other. And, of course, the price could slide still lower.
I've kicked myself for not buying in back when it was $0.07 per Steem, but I doubt we'll ever see prices that low again (it's just too much to hope for), but is the current price the real bottom? That is the question.
One Other Matter
I have a modest amount of Steem power already (less than 6000 SP). And almost all of that has come as rewards from blogging on the platform. I bought about 100 SP back in July of 2016 and from that seed have grown to where I am today.
Knowing that most of my SP has been earned fills me with a sense of pride and accomplishment. If I power up, and multiply my SP several times over, will I still be able to point to my success on the platform as a result of my good writing, or will it just be due to the money I put into it?
That makes me hesitant to make a move.
Still, I can't kick the can down the road forever. I will have to make an up or down decision eventually.
So my question for the community is, "What would you do in my position?"
Thanks for reading.
i think that it good time to buy steem/steem power because in few month SMT may launch and price again BOOM. There is also chances that price may go down but you should take chances.
@talanhorne,
My opinion is power up till 10,000 SP! Then you can take the seeds and you always keep a nice investment as well!
At this moment is the best time to collection more SP!
Cheers~
I want some SP to imrpove myself. Can you help me @talanhorne Sir. I don't have much SBD or Steem to buy SP. That's why I need your help. Hope so As a Senior Steemians you will help me.. Thank you
in your position I will buy steempower, as I would like to have the resources to increase my steempower, since I only own 80 sp and my vote has no value yet, but that is everyone's taste .. @talanhorne you are calm because your power of vote is 5000 sp and can give a favorable vote to all your followers and that helps a lot to your blog .. in my case as my vote has no value I do not get followers and my effort is being in vain, since I keep using pure bot, so that my blog does not have pure zero ..
You're a good knowledge person about writing and it's very difficult.
Your job is excellent topic.
Thanks @talanhorne
Have a nice day
I wish I had a chance to get for $1.00. Everyone can say “if this, if that”. Anyway, I’m happy I’m part of steemit. We are all in this together!
Sir i think it best time of buy power and i also think some days latter steem rate 5+
Good post @talanhorne
Thanks for information
I upvote and resteem
I had bought when Steem price was about $3,5 :) I think it is better time to buy.
Oh yeah, now the markets see a decline in prices of Steem, but in my opinion this is a common phenomenon for all cryptography, as in previous years it was in the spring that this phenomenon was observed and now many are buying. As for the Steem now the same good time for the purchase of the SP, it is possible that the Steem is still not going down much, but not significantly. Thank you @talanhorne