Holding Steem tokens, or POWER UP your account?
Steem is a tradeable token, which you can get in process called powering-down: You change your vests (called also STEEM POWER) into tokens, which you can transfer, or convert into SBD at any time.
Obviously, there is a whole market of Steem tokens, so price is different every day.
I would like to ask everybody a question- Is it worth to hold Steem tokens?
An interesting question indeed. The thing is that these tokens are really hard to hold, in terms of profiting: It is tough to predict is their will go down, or up.
It is all about steemit popularity, amount of sellers and buyers, and daily market situation overrall.
But currently im powering down, to get some of my vest transferred into bitcoin.
That made up me a question: I get some Steem tokens every week, so why the hell would I sell them every week?
I probably would make better profit, on holding them when i gather a big amount and the price will be good.
Steemit is really big already- we have over 60000 users here, and the number is still growing!
That is a very important thing, because every smart trader, remembers that if something gets more popular- it price will probably go up, because more and more people wants to get a piece of it, right?
That is why Im trying to convince YOU to not convert them so fast- gather more, believe in Steemit and it's community: and the profit out of powering down may be really big!
However for all people that want to make their account worth more, simply by powering it up: I suggest you doing it as soon as possible, because Steem token is still cheap- You will regret it one day, because it's price will increase: and the power-up will simply cost more.
STEEM POWER is nothing more, but an investment. An investment, which can yield great profits over the long haul:
Currently, it is at decent price, it does not cost so much to get a lot of it.
In few months, STEEM POWER will be much more expensive, and investing in it won't bring you something big- because it would be already too late.
POWER UP now, when you still can do it on good terms! It might be just simply too late, because steemit is under SIEGE!