Are you a millionaire? - No? - Then don't power up
Note: I'm addressing powering up mainly to increase vote value
Powering up won't give you influence
Certain users have low 100s of thousands worth of SP, with a maximum vote value of 1-2 dollars.
There is almost certainly no way the resulting vote power conferred to you from the initial investment is worth it. Unless you value $1 more than a down payment on a large house, or a Lamborghini.
The opportunity cost of powering up
For a normal user who has earned $10-$1,000 on a post.
I guarantee you that, you will be able to extract more utility and more money by liquidating those investments, than reinvesting in SP.
Several thousand dollars could suffice to set up a business that could make you financially free.
I know, because I've done it (I'm no millionaire, but make pretty good passive income).
Even $10 can buy you beer.
But it can't buy you anything of worth on Steemit.
Unpopular but not untrue
Or do this.
https://steemit.com/steemit/@poseidon/why-would-someone-hold-steem
Did you sell this account too or what is happening?
Nope. Just deciding to write what I want, since I don't rely on this account for money
Is this why Ive seen the value dropping? You make good points, but one persons divestment is still another ones opportunity.
I agree. Some one needs to buy your steem or SBD. if you're a author.
What is nice with steem is the multiple ways to get rich compared to traditional cryptocurrencies
"Steem" Indeed. I agree 100%.
Simply Great Information and Presentation