Good morning @exyle. Great post to see you have elected to invest some more in our Steem Community. I did my small part not long ago. Your timing is definitely better than mine!
As one of your followers, may I make a request on this post? Would you please take some more time to explain your thought process in investing like this? For example, when I wanted to buy more Steem Power, I just bought it through the link on my wallet.
Instead of that "direct" approach, you reference buying Steem and powering up to Steem Power. Is that approach more advantageous for the rest of us to consider in the future?
Any details on how you choose to invest in the 3 different "crypto" options woudl be most welcome. If you (others) have covered this topic in detail on some other post, a simple link to it would be fine. New to our Steem Community and simply want to learn all I can.
Thank you in advance for your help @exyle!
Steemin’ along and on the move ... Posted using Partiko Android
If you just want more SP then just buying SP as you did is a good way to go about things. I guess you used blocktrades.
If you want a slightly better deal (but more hassle) you can also buy STEEM on an exchange. Send it to your wallet and power it up.
I choose to go the SBD ---> STEEM ---> Steempower because.
I like to buy gradually.
An SBD is always worth $1 worth of STEEM (convert function in the blockchain). So even though I bought a lot of SBD I can be sure it won't loose much of it's value (max $1.25 (current value) ---> $1).
The markets are bearish. So If STEEM goes much lower I get more bang for my buck. (example if STEEM would go 0,50 cent I get 2 STEEM for 1 SBD).
If the markets go up SBD would most likely go up with it. (If STEEM goes > $2 I stop buying).
This is my reasoning based on the investment I already have.
For me, buying the SBD first and slowly converting it to STEEM is more of a hedge against falling STEEM prices. If STEEM goes up (>$2) I'm happy with what I got.
I hope this made sense.
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For what it is worth @exyle, from a "minnow," I am following up on my commitment below to let you know I have now cast one of my 30 votes for you as Witness.
OK, agreed, not exactly a "world record" follow-up / response time, but in the "real world" I take voting very seriously, given what it represents in "blood and treasure" in the history of my country ... I wanted, therefore, to be more clear as to what my vote represents. Still a long way to go in that, but here I am ...
Why have I followed through? From what I have read so far, there is a lot of "passion" amongst the various witnesses and witness “wannabes” discussing matters "high over the head" of most of us. From my limited understanding, not "knowing" any of the personalities involved, I support your philosophy written down for us all to see.
The toughest part? While “new in here,” I have a lot of experience in the “real world” with business and the all-important, fundamental issue of human nature. The key to me, therefore, is personal integrity. Very simple definition to me – “… do the actions match the words? …”
So ... How would I know? Where is the accountability? There is the heart of the problem for me. I simply do not know. What I am left with then, is simply taking a man at his word. Personal integrity …
I can only hope, until I learn of options for confirmation, that you have it @exyle! All the best to you, then, in your resolute support of all of our efforts to build our Steem Community.
Steemin’ along and on the move ... Posted using Partiko Android
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Excellent @exyle! After a long, full day away, getting home to find this great response (and, coincidentally, attaining my first fairly modest goal).
It absolutely makes sense. I asked, as I figured you had some well thought out strategy, so was hoping to learn something. Thank you for sharing!
Beyond that, while still new "in here," I have seen enough to make a decision on a significant next step. I am going to respond to your request for support in voting for you as a witness. A lot yet for me to learn about what exactly this all entails, but you have my commitment here that I will be supporting you with my vote.
That said, leadership carries with it a significant responsibility. I can see from other posts that our fellow Steemians have been let down by others whom they supported as Witnesses. Don't let me down!
All the best to you @exyle. Response upvoted 100%. Keep up the good work!
Steemin’ along and on the move ... Posted using Partiko Android
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Yes, please @exyle. I would also appreciate your perspective on this and understanding this important part of being a Steemian better.
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