Do you power up or transfer to savings?
Hello fellow Steemians!
I was just checking out my wallet and transferring mt Steem dollars into Steem power (as I always do), it got me wondering what others do with their dollars.
Do you convert it to Steem and power up? Or do you transfer it to savings?
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Great question! I am also interested to find out more about this topic, so I have written this question / post about it: https://steemit.com/steemit/@avrdan/what-is-the-best-way-to-invest-in-steem-for-the-long-term
Maybe you will find some useful information there in some of the articles I linked.
Thanks for the comment! I read your post it's very interesting, thanks for the help! 😃
Some people who gain more and want to use it for daily life for sure will be cash out buy things
I make like $0.30 a day... I can't exactly live on it 😅
Great!!
That is exactly the information newbies need! Thank you. I will look into this pronto. I recently mistakenly powered down as I was misinformed by a friend who said if I powered down I would get a wider audience, good to spread the encouraging word or two. Not so and I'm still reeling from the shock of a mistake. Never mind I am luckily able to power up with what I have and shall do so. I still save though as I want it to grow as well. I am supposing that if I go on doing what I do, write good content and curate often and sensibly, then I may build up my power again. Ignorance is not bliss!
I don't even know what happens when you power down, do you lose your steem?
Hi domcrypto how kind of you to ask. I think it will happen within the next few days. I'll get back to you. My steem power is still there, I'm still getting some and hope that they only deal with the amount they say they will. I imagine so, but it's interesting and a lesson for me. Still steeming! I'll get back to you when I know for sure.
domcrypto I just learned that I could simply click on the same arrow on my Steempower and cancel the powering down action. Happy with that, I can always experiment later when I have lots more in my wallet!
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Apparently everyone powers up... 😅