is it better to move your money from steem dollars and convert it to bitcoin? or is it better to hold steem?

in bitcoin •  7 years ago 

still new to this - what is the better option?

I've heard some people say that the more steem power or dollars you have in your account, the more influence you have and the better ability to earn more as well?

So if you transfered it all out and into bitcoin, you're account wouldn't be as high of an earner?

Would you just split it? Keep half here, half convert to bitcoin?

What do YOU guys do? What's the best option?

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Good question

thank you. following you now, too, by the way. your posts have quality content!

It always feels good to be appreciated :)

:)

It depends on how you see the future of Bitcoins and Steem in short term and long term, lets say in 1 year and 10, and what's your plans!

While Bitcoin can be considered "safer" , steem can be riskier but can also give you much higher returns, but again both bitcoin and steem are risk and can crash, no one knows.

You gotta be well informed and somehow up to date with what's going on, competition, adaptability, and the bigger picture of what's going on.

You always have the option to be flexible, one month invest 50% in bitcoin, one month 50% on other 5 coins.
Keep in mind that there will always be the new thing that's worth investing into.