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RE: ✪ POLONIEX STEEM TRADING RE-ENABLED - What does this mean for STEEM?! ✪
I am buying Steem these few days from Internal market as I believe in long run Steem will goes up. I almost run out of sbd now. If Poloniex now has Steem trading back on track, should I get Steem there, and transfer Steem back? Another question is: should I Power up the Steems? The 13 weeks of power down windows scares me.
It doesn't matter, you will get your first payout in a week. It's only thirteen weeks for entire sp to power down. Each installment of 1/13 sp is paid out weekly and you can cancel power down at any time, then the process resets
To answer your question: only power up if you think you have enough Steem that the weekly payouts would be sizable, and not pennies worth, in case you do decide to power down
I am not quite sure if I understand what you said. What do you mean by weekly payouts? Do you mean the sbd and SP you're going to get from your posts and comments in that week? So you mean I should consider the effect of power down on the payouts I will get before implementing the power down?
No, the power down process takes 13 weeks to finish, but it happens in 13 installments, each week you get 1/13 Steem of your Steem power. What i said was to consider powering down only if the weekly Steem you're going to cash out is enough (whatever amount you decide is OK)
Suppose if i had 1300 sp, I'd power down for some time because I'm assured of getting 100 Steem each week - which i believe is "enough" amount for me to trade, in this hypothetical scenario
But if i had only 170 SP (my current SP) and not 1300, i wouldn't power down because my weekly payouts would be only around 13 Steem, which is useless to me.., would rather keep it locked in and maximize my influence on the platform
Thanks for the explanations, now it's clear to me.
Yes, you're right, when and how much to power down should be carefully considered.
I guess after powering up to accumulate SP, to some point time, your SP will be good enough to generate your desired amount of payouts every week. Then probably you will just stop power up and atart to cash out regularly.