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RE: Earn More & Power Down Faster - Video Chat with Mrs.Steemit
So just to try and understand this better, even though im not planning on powering down any time soon! Say i have 1,000.00 in SP. And i can power that down in 3 months at .13 cents how much does my 1,000.00 SP now become worth?would it still be 1,000.00 divided by say 13 weeks? Thanks for all the info ! Stemm on! 😉
Yeah, just think of it this way: Once per week, you'll be able to withdraw 1/13th of your total steem power at that time.
Well im constantly posting and curating, commenting, upvoteing etc. Etc.etc.! lol! I just dont want to lose my money that i have already earned! And it would have been nice for it to continue going up , like shares if your lucky! Thanks again! 👍
You'll still be able to earn 10% interest on Steem Dollars, in case you just want a sort of savings account.
But is my steem power still worth 1,000.00? Or will it be worth more if i just leave it alone? Thanks for the reply! 👍
Right now it earns interest when you leave it alone but that will be changing soon. After the change on the 16th, we won't profit from holding steem power.
In other words they are raising taxes for Steem Power holders.
Ooooh! I didnt know that! Well that sucks! Lol😕
Just means that we have to get our steem by posting and curating instead of just sitting back and holding steem power. Hopefully it encourages more activity on the platform as a result.