EXPLAINING YOUR ACCOUNT- SIMPLIFIED
Hello everyone
I notice people chasing the buck and running around up voting all the time. Your aim should be to grow but for the long term. You are not going to get rich overnight.
One should be looking at building your Vests. Go to https://steemdb.com and put your account in and you will see the growth chart of your Vests. The Vests are what your true account value is based upon. Think of a Vest as a share in a company. Everyone looks at their wallets to see how much they have but that is not the case. Vests go up in value every year and your aim long term is to get as many of them as you can. Every time you claim your rewards your vest value goes up. You can also look at your Vests on https://steemd.com/@ your name. The last time I looked a Vest value was per 1M vests around $420.
Stop chasing the buck and grow your Vests.
Thank you for this article @ cryptoandcoffee! Very timely, I'm working on a post for minnows (like myself) and totally didn't even think about vests, so thank you again. I'll be sure to mention this, I was going to emphasize steam power as well
SP is important for the reputation but your accounts value is based on vests. You build your SP to get better voting power and value but ultimately your vests are key. Vests valuelike stock nearly double in value every year. If you have 1M vests this year and do nothing for the next 3 years you are still making money as the share price will go up.
Oh ok I think I've got it! Vests are where the account's value truly lies.
Steem Power is the representation of the value of the total vests of your account.
The more vests, the higher the steam power.
This post has received upvote by @bestboom!
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