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RE: Checking in on STEEM's delegation bot holdings

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Checking in on STEEM's delegation bot holdings

remlaps-lite (77) in cryptocurrency • 13 days ago

But I would like to understand - how to distribute your STEEM on this site so that the income is maximized?

I really don't know. My personal opinion is that delegating to the paid voting services puts downward pressure on the price of STEEM, so I don't keep up with the current interest rates of the different voting services. I'm sure there are exceptions, but as a general rule, I think the reduced STEEM value that comes from their poor voting decisions outweighs any income that might be received.

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13 days ago by remlaps-lite (77)

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apnigrich (73) · 12 days ago

I don't think plankton can affect the price. Whales do this.

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remlaps-lite (77) · 12 days ago

Yeah, that's probably true. Lots of plankton could probably affect the price, but I don't think we really have that many. Still, I don't want to support the voting services with my SP, considering the bad voting decisions that they make.

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