As of the writing of this post, STEEM was trading at around 25 cents - one of the higher valuations of the coin in the recent months, but far off the all-time high.
However, many of us believe that the true value of STEEM lies much higher.
Are you staying powered up or do you start taking some profits and convert some steem power to liquid steem if the price rises to $1USD? What about $10? $100?
It's easy to say it now, but I don't ever plan on powering down. I would perhaps try and sell off some liquid steem / steem dollars from author rewards, but I consider steem power too sacred to touch.
How about you, what is your plan when STEEM really starts to take off?
(image via @chaska4)
Sit and wait till 1000 $.
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That's the spirit! I love it.
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I keep my Steem diversified by doing the 50/50 split and having the other half in either liquid Steem or other altcoins.
You get the best of both worlds that way, right? If it goes to the moon, I'll still have plenty of stake in Steem to reap a handsome reward. I'll just be properly diversified.
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That's a great plan of action @heymattsokol. I'm powering up %100 right now, but I too plan on starting to diversify once I hit about 10k SP.
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I do the same.
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I'll be continuing to power-up! I like the ability to vote on good content & fund weekly hangouts such as beyondbitcoin.
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The curation rewards are a big factor, right?
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I don't see much of any curation reward, I'm more interested in funding others activities through voting on their content.
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Possibly half Steem & half Steem Power
I guess it depend on how long it takes to get to $1
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I look at my Steem Power as my principal. Right now I'm building my principal so I keep powering up. Once I reach my principal goal, the first part of which is around 20,000 SP (then reevaluate at that point), I plan to then take my rewards in as liquid a form as possible and sell those off. I would view those rewards as the "interest" because I can sell those off all I want without touching the principal.
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