I never thought I’d say this, but - I’m powering down my SP... Here’s why
I never thought I would power down, unless steem went on an enormous run or something. And I mean, it would have to be a huge run. I wouldn’t power down if steem went to even $4-5, I’m talking ATHs and then some - $15-20 per price of steem. If I never contemplated powering down, and all I’ve virtually done up until this point is power my liquid steem up, then why am I considering a full power down?? Please read on to find out.
Well, there’s a couple reasons as to why:
Newsteem curation rewards (at least for me) have sucked
There is something more powerful than steem power now
That’s right- you read that straight. There’s something else that has more power than steem power. With the advent of steem-engine and SCOT tokens, one of these tokens that was created has significantly greater power than SP. If you follow my blog, you will know exactly what I am referring to. If you don’t, then let me inform you of what I am talking about.
It’s called Steem Power Investments Club
Steem powered investments @spinvest has been set up to offer an investment fund based on funding from STEEM POWER. Investments are funded through direct value creation from STEEM POWER utilities while also utilizing STEEM's high inflation rate to the club’s full advantage. The aim is not to get rich quick; the aim is to build a safe portfolio of investments that will stand the test of time while ensuring all investor's starting capital is not at risk.
Disclaimer
This is not financial advice in any shape or form. Please do your research before investing, there is a copious amount of information within my posts found on the @spinvest main page.
SPI tokens are 100% backed by steem power. The fact that 1 SPI token is currently worth 1.20 STEEM, and it’s true token value is 1.16, means that when steem runs, SPI will run, too. And it will run even higher than what steem does. If a bull market were to commence, SPI tokens can immediately be sold and exchanged back to liquid steem, without having to wait 13 weeks for a full power down. SPI in turn is more versatile than SP (we all have our own opinions, and this is my personal opinion regarding SPI tokens).
With that said, I will soon be initiating a power down and most of my liquid steem will be used to purchase SPI tokens, which are essentially “liquid steem power.” What’s not to love about something that can literally be pitched as liquid steem power?
You may be scratching your head wondering if I’m just blowing smoke, but everything I have presented in this article and all previous articles pertaining to spinvest are true. You can even head over to the main spinvest fund page and see for yourself. Everything posted there is up-to-date and keeps club members, investors, and potential investors in the loop as to what is going on. The club is primed on transparency and also makes decisions democratically. The power is in the peoples’ hands.
The club has some serious ideas on the back burner that we are just itching to implement. Get started today so you can stay in-tune with everything that is taking place. I can assure you won’t want to miss out.
SPinvest all the way baby
Posted using Partiko iOS
Great minds think alike,
I powered down alot before SPI started and im now powering down the rest of my account and going full SPI.
We can rebuild our personal accounts and i want the liquidity
RESTEEMED from spinvest and SSUK
Got the idea from the post where you presented ways to up your stake. Also have seen what undy has been doing. I want to be a large SPI holder and take this thing to the moon. Thanks for your support as always ssuk 🙏🏼
Posted using Partiko iOS
I feel the change was too drastic and the return has really went down except for famous authors. Let's hope a rising tide lifts all boats. The stock markets have also done well which doesn't help alternative 'investments'
Posted using Partiko Android
At first, the new steem wave caught me by storm. Shortly after, I realized it was nothing special. Rewards really slipped through the cracks. I’m always down to diversify investments. The stock market is crashing in 2021 IMO
Posted using Partiko iOS
Thanks to @qam2112 for burning 800 CT! You have been rewarded with a 80% vote. Your action makes this project grow and helps to restore a Clean Planet! Join us on our Discord Channel and on our website
As you know, @spinvest was criticized by some curators as being a sort of egoistic reward tool that does not add value to Steem. This is of course not true. But by advertising a SP power down you nourish these allegations. I mean it is one thing to power down, but to even advertise it?
I am also in SPI but I would not put all money in it. There is a risk of a "bank run". If for whatever reason all want to sell their SPIs at the same time, it could become ugly.
I am not going to comment on the ethics of making a post about powering down. I think everyone on a decentralized platform should be able to write whatever content they want but i also believe that other users of that platform are free to upvote/downvote that content based on their personal believes. I personally am also doing a full power down for the same reason but i have more confidence in SPinvest and trust is not an issue for me as i hold the keys.
A run on SPinvest with everyone wanting out has already thought about. It's in the terms and conditions, a full winding down would require 13 weeks.
If say, for example, a third of token holders wanted to sell. This would require a power down and take around 4 weeks based on a third of 13. They would receive the 95% buyback and real token value for remaining tokens would increase. It would not be messy at all.
Thanks!
Really I’m just trying to shill SPI is all. We need more investors getting involved. 130 is not going to cut it to get 1 M tokens sold
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