RE: To Power-up or to Power-down is the Question
Community is already here, as tribes. Tokens such as LEO will be piggy begged on SMTs to be traded in external exchanges in future. Moreover, earning equivalent Steem could be easier in some tribes, you have to research. May be the tribe community will be more welcome your blogs since they can resonate with your interest.
If you are powering down and sell, you are making the worst decision that inexperienced traders make: selling at the all time low. If you don't like blogging due to criticism then delegate SP to dlease.io, forget about Steem for couple of years. Try to sell at the next altcoin bull run whenever it returns.
I believe that only depending on Steemit/Steem is hard for small fellows. Finding a right tribe can be awakening. I have substantial amount of LEO, my 100% vote is equivalent to 3.2 Steem (16*0.2). Not bad comparing my 10 votes in LEO is almost 32 Steem where I can receive 16 Steem. My investment is much lower than Steem in considering in price.
You can see through my blogs-- they are mostly about tribes and economics of the system.
Thanks a lot for your advice!
I too feel that tribes could be an option and I do notice that many tribe tokens are earning better curation than STEEM in terms of STEEM but I doubt about the long term value of these tokens. Most tokens have lost value and volume after launch with a very few members active in them. With a varying degree of inflation for each community, true price discovery will take some more time for these tokens. So it's very early days to choose which of these will survive and thrive in the long run. And even if I choose to invest in tribes, it doesn't answer the question why should I power up STEEM as SP?. If not STEEM, I can invest in any other project and tribes could be one of those options.
However, I appreciate your investment in LEO as imho, this has emerged as the best managed niche among tribes. But unfortunately, I've sold out all my LEO tokens and miners.
Secondly, powering down doesn't equate with cashing out. I've already indicated that I may invest in some other cryptos. Since all alt market is down, it doesn't make a huge difference in swapping STEEM with other cryptos at this stage too.
I liked your input on LEO curation figures. It does make sense at current price of 0.20. Earlier I was thinking the same for PAL when it was above 0.40 but lost a big time when the token prices crashed. But LEO tribe has got a good niche and purpose. So I'd like to congratulate you on investing heavily in LEO.
Upfunding with !UFM 10