Early profit taking from long-term powerhouses both in the stock market and in cryptocurrency trading have caused would-be millionaires to miss out on their opportunity. If SMTs are even moderately successful, a day will come when Steem is worth $100. So you don't want to cash out when it drops 20-30%. That's Cryptocurrency; you also don't want to cash out when it has doubled. Doubling is great. But, Steem will double, then double again, then double again, and then double again unless something catastrophic happens for them or for the entire crypto market as a whole. That is why I am not a fan of loose Steem.
I put all of my SBD into Steem Power except for the SBD I use to promote my articles. I also don't convert other crypto to Steem in my account via blocktrades. I convert it to Steem Power. As the title says, one of the powers of investing in Steem Power is that it strenthens your hands. What I mean when I say that is that when you invest in Steem Power, you're removing temptation from your life to some degree. You CAN'T cash out immediately out of fear. You have to wait 3 months to get all of your Steem Power returned as liquid Steem. 'Weak Hands' are when you exit your position at the first sign of any potential danger. If you can't exit quickly, your hands are strengthened by default because it allows you to come to your senses prior to selling your future fortune away for pennies on the dollar.
GainingSteem.Com believes in Steem, Steemit, and Steemians.
i converted everything into Steem Power, i think it's better this way
I need to buy a bunch of steem and just let it sit. I've been doing it alot with bitcoin and etherium.
My opinion, it's a great call! :)
I think it is too! I'd like to retire young. Lol
Just exactly what I've been thinking these past few days since Steem started to rises been rising sk
Most people cash out as quickly as possible when any kind of crypto's price go down. I think the future of cryptocurrencies is so bright, there's no reason to sell anything at all. Especially STEEM. If steem does hit 100$ someday, everyone will hate themselves if they sell it at lower prices!
indeed that's very true one ought to hold their steempower for a very long time there is no need to power down anytime soon
Steem is the future am glad I left discovered these now. Nice write up
Amen to that! And thanks! :)
Its really wonderful and fantastic....keep calm and see the move of steem ...
What steempower do ??
Hi @szaib, Steem Power will allow your vote to have more power, so if you have more Steem Power, your upvotes will give more SBD, which includes any upvotes you do for your articles. :) Great investment! and it protects you from hackers since it can't be all taken out at once! :)
How I can buy steem power ??
i think stemm the potential for growth is still enormous and it has a long way to go @biddle
Agreed!
I hope this will happen and we all become rich ...wow like this ....
I think this is a good option to protect yourself from hacking and their own emotions. Perhaps this is a good investment.
I'm going buy me some steem power, better take Advantage of the steem price at 5$ so that i won't regret it at 50$ hehe.
I agree with your post. If you convert steem to steem power, they will not be stolen
Nice informative content thanks for sharing... Great work dear...
So how does one turn steem into power?
Hi @scrillascrow, if you choose the 'wallet' tab on your Profile page, in the 'steem power' section, there is a drop down where you see your steem power balance. If you choose that 'drop down', you can choose to 'buy' steem power. This will open the Blocktrades page, which allows you to change different cryptocurrencies into Steem Poewr for yourself! :) If you have any other questions or you would like any clarifications, let me know and I'll be happy to help!
There is no doubt that Steem will be $100 a day. Waiting patiently here will get good profits.
Amen to that!
Always very cogent and coherent arguments! Very well thought out! You are the enterprising and independent spirit that I admire and respect!
Thank you very much for sharing your thoughts!
informative
you always have the best content