The only thing you should be doing with your STEEM
I know, owning STEEM right now, feels much different than a year ago.
However, 1 STEEM still equals 1 STEEM, regardless of its FIAT value.
If you want to sell it, that's fine - it's your decision!
But I'm seeing too many Steemians, throwing their hard earned STEEM away, by gambling with it.
With all respect: that's not a smart idea.
(If you're buying Steem Monsters packs with it, then its a good kind of gambling, because you're also investing in digital assets)
Over long, the bank/casino always wins - regardless if it's "transparent" or on the blockchain. Meaning, every gambler is throwing their money away, now or later.
But what if I told you: There is an Alternative!
Imagine, the 25$ worth of STEEM you've gambled away, could be easily worth 100$ in the future. (STEEM only has to reach 1$ for that, which is nothing in comparison to its history)
You might not gamble away a bitcoin-pizza, but small amounts sum up and there is an easy trick which will stop you from all temptations of gambling:
JUST POWER IT UP!
Besides saving you from gambling away your STEEM, this small action has many, many more benefits - let me explain:
- 1.) Steempower, in comparison to STEEM, grows passively by ~1% per year.
- 2.) Steempower can be utilized to earn curation rewards & selling-rewards
- 3.) Steempower can be used to reward contributions/content by participating in the reward distribution
- 4.) Steempower is much saver than liquid Steem. If someone has access to your active-key, they're not able to get it (as for example liquid STEEM) as long as you change the key and cancel the powerdown (of course you need to keep your password/owner-key save)
- 5.) Steempower is needed to have a higher say in witness voting (to secure the blockchain)
- 6.) Have you ever wanted to become a dolphin or whale? Now is your chance - with Steempower.
Honestly, I really just want the best for everyone reading this:
Don't gamble or waste your Steem - Power it up!
If you believe in this message, then please resteem/share this post - I want to reach as many Steemians as possible.
Thank you!
All the best and keep on steemin',
@therealwolf
Do you believe that my work is valuable for Steem? Then please vote for me as witness.
you got my vote, too
you got my vote
Thank you - I very much appreciate the witness vote!
SP is definitely the way. Long term investment stake in the STEEM blockchain 💪🏻
Posted using Partiko iOS
Sound advice, @therealwolf...thanks.
I concur. Powering up gives you more control over post payouts and allows you to delegate towards different projects. The price is so low right now which makes the same amount of voting power worth more in Steem. In other words, a 100% vote that gives a $1 upvote would give 1 Steem if Steem was $1. But now, that same vote dishes out 3-4 Steem which is amazing.
Posted using Partiko iOS
I myself got addicted to magic-dice, to avoid temptation, started powering up. No more gambling 😂
Posted using Partiko Android
Sounds Logical..
Yup we must not lose what we have got with our efforts. Gambling it away isn't a smart move for crypto owners.
Yes, we must power up instead !
It has numerous plus points as you said..
Thanks for pointing this matter out..
I hope this bring many people back on track 😃
Cheers!
Posted using Partiko Android
I can’t agree. It’s an old CAPEX vs OPEX paradigm - everyone decides what suits him best.
For example imagine you have 130 SP reward, you post every week and maximise your exposure (traffic on your posts). In the current state of steem economy you have a choise - power down and buy upvote with 10 liquid steem or self-vote. First approach give you more exposute at-moment but less in mid-term, so you need to decide which road you go.
STEEM has a bright future!
I was given this advice by @thedarkhorse recently, and it seems like---as soon as I powered up my Steem and SBD---I jumped from 25 Steem Power to 65 almost instantly, and within weeks I reached 100 SP!!! More Steem Power gives you the ability to DO more (create and post more content, and like and comment more frequently,) which then leads to more Steem that can be powered up as well. Investing back into the platform leads to the ability to have more fun! And it benefits the entire ecosystem, which is pretty cool. But don't take my word for it...
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