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RE: 🔲 HOW TO GET MORE UPVOTES! - FREE GIVEAWAY
Geez, did you pay to get the 100+ SP or was that simply coming from promotions?
Geez, did you pay to get the 100+ SP or was that simply coming from promotions?
I made an investment in steem power! The returns are absolutely great! I made a post about it!
I sort of understand it from skimming the white pages, but I'm not the most comprehensive on all the lingo and therefore I don't really get a full understanding.
Regardless, I gained enough understanding to switch my posts to power up instead of 50/50 because I wanted to get as much influence as possible before trying to cash out heavily.
Does the power compound AS it pays out or even while you hold it?
How does inflation account for changes? It can compound every minute, but as more users join and more users posts, the real-effect can go down in value.
Did you load money outside of STEEM in order to try get these returns? I don't see much reason to go through the whole process of turning USD into BTC into SP when I could simply just cruise it and slowly gain or use the previously earned STEEM to trade on markets and then get the STEEM back in time to convert into SP and then enjoy the returns.
Okay great powering up 100% is by far the best idea!
The SP gets compounded while you power down and whilst it sits there!
Inflation has no affect what so ever. However the value of steem will no doubt have an influence on the value (100 SP will still be 100SP but it will be worth more USD. I believe the system can handle the number of users and it should not have any affect for the next few years.
I went ahead and used some of my bitcoin money to purchase steem power, poor decision as I could have rather purchased SBD and then made use of randowhale which in turn would have eventually turned into steem power and would have been more in the end. But hey we learn the hard way and it definitely won't be my last deposit into steemit. I plan on depositing a minimum of 70SBD per month.
I believe the value of steem will reach 10USD in the following 2 years.
I get confused by the two numbers under steem power. Should I power down? This would convert the 6 STEEM in SP into STEEM which I can then put back into SBD to purchase for randowhale.
The other 27, I assume is organic, correct? If so, is it smarter to power down and accrue interest or to hold as much SP as possible until I reach about $1 per like and THEN power down?
That 6 "Steem" is steem power, the value in brackets is steem power that is delegated to you when you join the site! You cannot power this down. You can only power your 6 Steem power down. This will become 6 steem which can be converted to SBD.
The only reason as to why I am powering down is I am converting my steem into SBD to use randowhale as a an up vote service. This I often make a profit on and then it turns back into steem power and the cycle continues. Power down, turn to SBD, use randowahle, get paid out in more steem power and keep this going on repeat.
Cool, that's what I had assumed. You don't power down everything or often though, right?
When powering down you get paid out the total amount of steem over 13 equal payments one every week. Since my steem power is constantly increasing, I power down every 7 Days and auto power up every day!