Is Powering up STTEM a noob friendly crypto strategy only for the bear season ?
Does Crypto sure gives you the Adrenalin rush ?
When the things are moving in the bull market practically everything goes up. What ever you touch goes to the moon. It is an amazing feeling to see that happen because thing at times seem to move ahead of the valuation.
A lot of people get to excited and the positive moves tend to give you a high.
This can be quite risky and dangerous simply because when we see out assets go up in value we feel elated and happy.
However the exact opposite happens during the bear phase of the market.
Here prices are sluggish and more often then not prices are coming down. Technically all the support levels turn to resistance and looking at the rate at which the portfolio is losing value can be pretty heart breaking and depressing for almost anyone,
Buy low and sell high strategy
A good strategy is is buy low and sell high however it is never easy to predict the bottom of a falling market.
Buying in a falling market is like catching falling knives.
It not only hurts but can surely make a persons portfolio bleed crypto blood.
However if one invests in steem tokens and uses the liquid steem tokens to power up their steemit account then one can keep getting return even in the bear market.
Earn curation rewards with powered up steem
The best use of a powered up account is to curate the good content on the steemit platform.
This can be done if a user can spare some time to go through the posting on the platform.
The good content can be up voted. The up vote value is split 50-50 between the curator and the author.
So if you have powred up enough so that your vote value is $10 then out of this vote on post maturity $5 goes to the author and $5 to the curator.
This exercise not only keeps a user involved but also gives him a decent return on his investment.
For those who feel that they lack the time to curate there is the option to join a curation trail or delegate their steem power SP to a person curating or a curation account.
In exchange the user can earn liquid steem on a periodic basic.
The same process can be continued in the bull market as well.
This powering up your streem is a strategy for all seasons. this does not require a lot of technical experience or expertise and can be used by anyone for decent gains.
Final thoughts
When I started using the steem blockchain and the steemit platform it took me quite some time to wrap my head around powering up or even the fact that only 50% of the rewards were being paid as liquid SBD or Steem and the rest 50% as steem power.
I guess it is difficult to understand if your account is new and your voting power is low. At this stage it makes litte sense. The real value emerges when you have a vote value that looks decent.
It is now that power ups begin to display some impact on how the vote value increases.
@tipu curate
thanks Bhai
Upvoted 👌 (Mana: 3/4) Get profit votes with @tipU :)
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