Why Investing In Steem Power Might Be A Smart Move
Should you power up some Steem, even if it's just a bit? Does powering down really matter all that much, since you get more than you've powered down, due to "interest"? Why even bother?
In this video, we explore the answers to these burning questions, and more, as I liken Steemit to a Universe experiencing a "Big-Bang", similar to the one our own universe theoretically endures.
Secure your place in the Steemit cosmos today!
Much love, and all the best to all of you in your crypto-endeavors!
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two hours ago I posted a blog with a question. You probably haven't see it, but this is the answer on my question, so THANK YOU
I must have missed it, but I'm very pleased that you got the answer on here. Awesome! Good luck to you
I have the cloud mining set to withdraw STEAM directly into my wallet here. I intend to power up repeatedly for the near future. I hope it pays off! Very much Brand new here.
Are you mining Steem Power, or do you mean something like mining Ether and directing what you pool-mine toward uour power up here?
eobot allows you to withdraw in STEEM. I have about 2 THS in cloud and I have an S7 pointing there. Just diversified exclusively with STEEM two days ago. I might divert the S7 to eligius with the BTC price down now tho
Cloud mining set to withdraw STEAM or Steem? How do you cloud mine steem if that's what you are doing and how is it set to auto withdrawal?
It's a cloud mining site. You buy GHS and the mining happens for you 24/7. You can also point hardware miners to the site and increase your hash power. The auto withdrawal part is determined in the settings. STEEM has a minimum withdrawal of 1 STEEM, and you can set it to be sent to your Steemit wallet address whenever you reach minimum 1 STEEM. It just happens for you automatically.
They allow you to accumulate or mine other coins as well, BTC, ETH, LTC, DASH...many more. It's a great way to build a Poloniex account and trade passively.
Its a no brainer if the Steem platform continues its massive growth, just holding Steem Power and Curating is going to be very profitable over the next several years. Ether POS could be game changer by next year though. Rewards (trans fees) go back to Stakers.
Oh okay, i get it now. Thanks for making it easy to understand.
When I power down it is a small amount compared to what I'm being paid in interest. say I can power down about $500 a week but interest makes me $1500 I essentially have an account that can never be fully drained and keeps making money! I tripped out for a few days when I realized this!
Great post @crypt0 I like the explanation as it relates to the Big Bang. Conceptually it is hard to know how all this will play out but I was really surprised that after being gone for a week I was still ranked around 1500 on the SteemWhales.com list. My rank really hadn't changed and I think a lot had to do with the fact that it is hard to overtake people who are powered up because of the situation you are talking about. My goal is to climb to top 500 and eventually have my account worth over $100,000. Great post!
Great advice, crypt0... I'm buying up more steem on the way down and powering up all that I receive. If Steemit can get through these difficult initial stages, a lot of very rich Steemians will be made out of this in the future. Keep the great posts coming.
Thanks for sharing! This is great advice for people like me just starting out.
Good video. Nice analogy to describe how inflation works
thank you