[ANN] STEEM POWER LASTS FOREVER (90% Interest Rate + 104 Week Power Down = Guaranteed Growth)

in #steemit8 years ago


I have seen people asking questions like "Why should I invest $500 in STEEM when I see people making $5000 on a post", and the simple answer to that is: Interest Rates


If you put together both the 90% interest rate on STEEM Power, and the 104 Week Withdraw Period, what you get is a never ending flow of growth. For example, say you have 10,000 STEEM Power (Equal to about $30,000) and you decide you want to cash that STEEM Power out over the next 2 years (STEEM Dollars can be cashed out instantly, STEEM Power takes 104 Weeks/2 Years, and your rewards for posting are paid half in STEEM Power, half in STEEM Dollars). $30,000 over 104 Weeks is a little over $288 a Week. Which is not bad for extra income coming from a Social Media website. But if you put together the 90% (per year) Interest Rate with the 104 Week Period, you actually end up with more money at the end of year 1 than you had in the wallet previously. Each 7 day period accrues 7 days (1 week) of interest, but the 104 Week Power Down takes 1/2 of that each Week. Which means you keep all the money you have in your wallet, and the Power Down is basically taking 1/2 of your interest rate and paying it out to you Weekly. Which means at the end of year 2, you actually have 2x the amount in your wallet as when you started the Power Down.


So for example, if you had 10,000 STEEM Power worth $30,000, and you Power Down over 2 Years. At the end of 2 Years, you actually have 20,000 STEEM Power worth $60,000, and can Power Down again and get 2x as much as you did the previous 2 Years. And if you continue contributing Content that entire time, you will probably have way more. And STEEM could actually still rise in value. STEEM shot up over $3 over the 7 days following the July 4th Launch. Then, someone found a bunch of people's passwords online through another website that had Passwords stolen, or some other source, and took $85,000 from people's wallets (all returned by Steemit). And there was a DDoS attack that had the Website down for hours and hours, and once it was back up no one could access their wallets until the internal investigation was complete. After all that, STEEM stayed steady at $3, meaning it probably isn't going to ever drop lower than about $2.50, and has the potential to rise to $10 each or $20 each with Growth of the Community, and Advancements within the Community.


It's still summer. There are people on Vacation, and taking care of the Kids while they are out of School, etc. When Summer is over, a lot of parents are going to be on Social Media a lot more, and people will be coming to STEEM and Steemit. Then when Christmas comes, tons of College Students, etc, are going to be buying STEEM with their Christmas money, and people are going to be getting STEEM or Bitcoins (to use to buy STEEM) for their Friends who talk about Steemit all the time. Entire countries go crazy over Christmas, over the next 4 months America is about to go Christmas crazy, and STEEM is going to be more sought after than it is now.


STEEM still has various Landmark Achievements to reach that will raise it's value:

1. Steemit Payout Launch (DONE)

2. Get listed on Multiple Exchanges (DONE)

3. Get accepted as Payment by Bitcoin based Websites

4. Get mentioned on TV by the News

5. Reach 100,000 Users

6. Reach 1,000,000 Users

7. First Steemit TV Commercial

8. First Large Gold Retailer to Accept STEEM

9. First Person to Buy a Car with STEEM

10. First Person to Buy a House with STEEM

11. First Major Tech Company to Accept STEEM as Payment

12. First Famous Billionaire to Invest in STEEM

13. Overtaking Another Social Media Site in Popularity

14. Steemit being Listed on a Major Stock Exchange

15. First STEEM ATM

16. First STEEM Debit Card

17. First Government to Regulate STEEM, therefor Completely Legitimazing it


None of these things have been done yet, and when they happen STEEM will go up in value each time. The Pool of people that will Buy STEEM and use Steemit has hardly even been tapped.



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I agree..... Just as a forum for people to do what they have always done. Be that plea for change, amuse the masses, start a discussion. The fact that there is immediate rewards and accumulated ones should explode this over time

I like the post, although it is unsafe to say that in 2 years steem will be valued the same as it is today.

The last section of this thread is actually about how it will most likely go Up in Value, and I said that it most likely won't go below $2.50, and gave perfectly good reasoning for that. If someone would like to somehow prove that wrong in some actual way (not just by saying "Whales will crash it" but actually proving me wrong) then that is fine. I never said it would stay the same price, and I actually proposed that it would go much higher in Value, possibly up to $20. So I gave a range of $2.50 to $20.

I am open to someone proving me wrong, but I am not going to forgo an informative post because someone might think I am implying that their STEEM will always be in the $3 range.

Search for @bacchist, @anonymint post regarding the same topic.
Also since steems addition to polo if has dropped almost 100k satoshi in value along side btc's drop in value.
The other thing is with the 90% Apr, if you have 10k sp end of year one you have 19k, end of year two you will have 36.1k. I'm unsure why you lose half of your apr, but if you did that leaves you 18,050 so only 80.5% gains. Happening across the entire format. -- lastly the password thing, someone retreived those from the blockchain.

Although I do agree the likelihood of steem going up is there as given with any social media platform it is unsafe to make posts like this and potentially lead someone to a bad investment without due information.

I upvoted You

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