Hopefully you see this...I saw you mentioned regretting powering down.
I got a starter position this morning in Steem...it is now in my wallet....do you suggest moving it to steem power?
What was the powering down you regretted?
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The thing is, if you believe Steemit and other services built upon Steem blockchain will get increasingly adopted around the world it will probably mean that Steem token itself will rise in value.
Having Steem in your wallet will only enable you to sell them at a higher price then but if you would had turned your Steem to Steem Power, you would had gained more Steem over time as you get rewards for curating and just for holding Steem Power.
So it's really up to you and your plans. If you plan to be around for long term, turn it into Steem Power so it starts earning you more Steem. If you want to sell your bought Steem hoping for higher prices in few months, might as well keep them as regular Steem.
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To clarify, I am a long term holder. I put a few hundred dollars in...got about 180 Steem. For me, this is a starter position so it is nothing for me to fret about. I say starter because I intend on adding more over time. I do believe in the steem platform, hence why I am commenting all over the place.
So looking long term with this batch is in my mindset. If I convert it, I am locked on for how long? And it will enable me to earn more steem though all I do on here?
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And I regret powering down as it will get increasingly hard to get to my goal amount of Steem as the time passes and more users join us. The daily distributed amount of Steem will stay the same no matter if there's 10 users competing for it or 1 million users.
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What does powering down mean?
Why do you regret it? I am not following...perhaps I dont fully understand what powering down means.
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Check these posts:
https://steemit.com/steemit/@donkeypong/still-confused-by-steem-steem-dollars-and-steem-power-the-power-plant-analogy
https://steemit.com/steem/@kevinwong/why-should-you-consider-accumulating-steem-power
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Thanks you are a great help.
I appreciate all the guidance.
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No problem, it can be overwhelming at first.
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Well I jumped in and did it. The fact that it is locked in for 3 months is not a problem. I moved all steem to SP.
I will presume it is going to pay dividends to me over time. I will be buying more I believe in the near future anyway.
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