While joining and actively participating on Steemit. This platform reward us in form of Steem, Steempower and Steem Dollar. These three combine determines worth of our accounts/ wallets. Steem and Steem dollar can be traded on exchanges and also be converted into Steem power.
Steem Power determines the voting power of the user. Thus enables us to earn more through curation and if someone don't have time to upvote for some reason he/she can also delegate your voting power to someone in need and in return you are earn money. However, my point of view is that one should also spend some time on steemit and contribute towards the community and also earn through it.
While Steem or Steem Dollar in one’s account can’t earn anything, if it remains in the account. The only way to increase or decrease in its value is through value of cryprocurrency.
So in my opinion one should invest in Steempower as you can get extra income even if the proce of steem does not increase. The only problem in investing in Steempower is that it takes 3 months to liquidate your Steempower back to Steem.
i dont think so because steem gives you more upvotes , follower and profit when write a blog , but if you cant write just wanna earn from curation reward then you can go with steem power
Investing in STEEM Power is investing STEEM. The way our blockchain works is that the STEEM tokens secure bandwidth and enable stake weighted rewards when powered up. When in the powered up mode, you are essentially locking your tokens for a minimum of 13 weeks. I often tell people to think of SBD as an SMT that is supposed to loosely be worth $1 USD, but the peg can be broken or manipulated.
If you want to invest in STEEM and use the platform, it makes a lot of sense to power up as there are many benefits gained from holding the STEEM in a powered up capacity. You can vote on posts and distribute rewards and it also secures your bandwidth to allow you to post or interact on the blockchain. If you have no plans to use the platform and simply want to invest speculatively, then holding liquid STEEM is your quickest option for resell, but arguably less profitable since you can't gain the benefits of staking.
Yes, it's definitely worth powering up the Steem you have invested in, as long as you plan on holding it for longer than 3 months. By powering it up, you can selfvote higher on your blog posts, get higher curation rewards, and get interest on the SP. These might seem small by themselves, but they really add up over time!
So my advice is to always power up as much as possible instead of just holding it as Steem.
While joining and actively participating on Steemit. This platform reward us in form of Steem, Steempower and Steem Dollar. These three combine determines worth of our accounts/ wallets. Steem and Steem dollar can be traded on exchanges and also be converted into Steem power.
Steem Power determines the voting power of the user. Thus enables us to earn more through curation and if someone don't have time to upvote for some reason he/she can also delegate your voting power to someone in need and in return you are earn money. However, my point of view is that one should also spend some time on steemit and contribute towards the community and also earn through it.
While Steem or Steem Dollar in one’s account can’t earn anything, if it remains in the account. The only way to increase or decrease in its value is through value of cryprocurrency.
So in my opinion one should invest in Steempower as you can get extra income even if the proce of steem does not increase. The only problem in investing in Steempower is that it takes 3 months to liquidate your Steempower back to Steem.
i dont think so because steem gives you more upvotes , follower and profit when write a blog , but if you cant write just wanna earn from curation reward then you can go with steem power
Investing in STEEM Power is investing STEEM. The way our blockchain works is that the STEEM tokens secure bandwidth and enable stake weighted rewards when powered up. When in the powered up mode, you are essentially locking your tokens for a minimum of 13 weeks. I often tell people to think of SBD as an SMT that is supposed to loosely be worth $1 USD, but the peg can be broken or manipulated.
If you want to invest in STEEM and use the platform, it makes a lot of sense to power up as there are many benefits gained from holding the STEEM in a powered up capacity. You can vote on posts and distribute rewards and it also secures your bandwidth to allow you to post or interact on the blockchain. If you have no plans to use the platform and simply want to invest speculatively, then holding liquid STEEM is your quickest option for resell, but arguably less profitable since you can't gain the benefits of staking.
Yes, it's definitely worth powering up the Steem you have invested in, as long as you plan on holding it for longer than 3 months. By powering it up, you can selfvote higher on your blog posts, get higher curation rewards, and get interest on the SP. These might seem small by themselves, but they really add up over time!
So my advice is to always power up as much as possible instead of just holding it as Steem.