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RE: Ask Steemit: When are you planning to Power Down? Why?

in #asksteemit8 years ago

Good to know. I'm finding that with the large fluctuations in Steem price, it's difficult to plan ahead. I didn't realize that the interest was more than the weekly power down.

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I was originally frustrated I'd have to wait two whole years to get all of the steem powered down and paid out, but considering the way the price jumped yesterday I'm actually glad it's going to space it out. I'm not very patient and I've already missed out on a couple thousand USD worth of exchange rate changes so having to wait each week for a portion of the total works in my favor.

Sorry to reply again, but I somehow missed your comment about " I didn't realize that the interest was more than the weekly power down." This is the case for me because of how much SP I have, it may not be the case for all people who hit a power down. I'm sure there's a magic number that keeps you more profitable than the power down, but I'm too lazy to do the math right now, sorry.

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