Where is my STEEM? This is funny!
Hello my friends,
Please anyone can explain this to me. I have invested in 110 steem when I have started in steemit and used the coins to powerup, Now I started a powerdown for 7 days ago to see how well this go. Out of my 110 steem I received 8 steem!!! LOL
So every 7 days I can only withdraw 8 steems!!! This is very strange. At this tempo it will take me about 100 days to withdraw my 110 steem.
Sorry but this is bullshit.
Obviously since it's setup like a ponzi scheme. When the whales dump, you won't be able to get out because well, it takes 3 months to cash out. lol
Sadly, this is true. But they don't tell you that and I thought that I finally found a reliable platform. I am already in 50% lose since I bought my steem when it was at $2+
Taken from steemit.com FAQ - Powering down - If you have STEEM Power, you can power down to turn it into liquid STEEM over a period of time. The system will transfer 1/13 of your STEEM Power to STEEM each week for about three months (13 weeks), starting 1 week from the time it is started. However, you will lose your influence in the network proportionally to how much is powered down, so think about it carefully. Power downs can be stopped at any time.
Thank you Scotty.