I staked more steem tokens on the occasion of spud!

in hive-175254 •  20 days ago 

Greetings friends!

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I tried different ways to increase my holdings of steem tokens. Power down first and then sell on high price, and later buy steem at lower price had been my strategy which was unsuccessful due to bad performance of steem token. So, I changed my strategy. I stopped power down and now I am powering up in every month's first day to increase my holdings.

It is better to stake more and more steem tokens because steem price is very low these days compared to its all time high price. It doesn't seem to me that steem will rise soon. It is unlikely for it to even reach to the $0.5 price level. Staking will help steem price to increase and it will also be beneficial for receiving more curation rewards.

That's why I staked more steem tokens. Now I have more than 3200 Steem tokens as staked steem power. Out of this I have delegated my steem power to @project.hope. It is better to delegate sp to project hope because of great benefits in return. First of all it allows you to get weekly divided from @project.hope. Second, you don't have to upvote manually on other users posts as you can follow its voting trail. Upvoting on others posts is time consuming which is not ideal for the busy persons. I have delegated 2500 steem power to project hope and getting regular dividend in return. I am also following its voting trail. So, I am also being able to use my voting power effectively.

I thank @crypto.piotr for this great project. Best wishes for him and the team.

Thank you!

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You are really doing the right thing. We need to constantly increase our stake on the platform. It goes a long way actually

Thank you dear! Have a nice weekend.