The longer it takes the more time you have to accumulate before the polo pump happens :-)
RE: Steem at Poloniex
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Steem at Poloniex
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I have 10.013 Steem in my balance .. but i believe my steem is locked for a period of 2 Years ! If thats the case how can i trade at Polo ?
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You can't, it's locked. But you can always buy more at a cheap price now at openledger.
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Sorry m noob at Steem... If we buy at Openledger still we need to hold coins for 2 years !
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No. If you check your account, you can see that "Steem" can be powered-up, and "Steem-power" can be powered down. Steem is tradable and volatile, but Steem Power is your voting power and protects you from dilution/inflation. If you lock up your steem by powering up, you have a long term interest in the success of Steem, which is why you are given power to influence (vote). If you power down, 1% of your funds will be released once every two weeks, so it will take you 2 years to fully empty your account. If you earn more by voting, a portion of your new funds will be automatically as Steem Power, which you will have to separately power down again. If you keep participating and bringing value, you will never be able to liquidate everything. You "can always check out, but never leave".
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@Marko i wanted to Vote up but donno it was power down lol :( Sorry
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no. only powered up coins are locked. those are used as "voting power".
if you buy steem at OL they're freely movable like any other coin
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Did you downvote me by accident?
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