100% Steempower viable again!

in steemit •  7 years ago 

Time to 100% steem power your posts!

For those of you who were not aware, Until recently, you ended up actually earning about 30% more more steem power by doing a 50/50 post and then exchanging the SBD for Steem on an exchange and using that to power up your account! This was especially true briefly last week where you could exchange SBD for Steem at almost a 1:1 ratio.

However, as we all know the crypto market is very volatile and changes all the time. Now, SBD is valued at $0.98 which means posting in 100% Steem Power is once again the most profitable.

Nobody knows how long this is likely to be the case, however I suspect this is likely to change when bitcoin rises again. Until SBD goes above that $1 mark, you should be posting in 100% Steempower!

Hope this is helpful,

Viking

viking.png

steemit steem cryptocurrency news blog
7 years ago by

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    • [-]
      ·  7 years ago (edited)

    And to show you how much of a 24 carat retard I am, I decided to completely forget to click 100% steempower button...

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    [-]
      ·  7 years ago 

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    [-]
      ·  7 years ago 

    Until recently, you ended up actually earning about 30% more more steem power by doing a 50/50 post and then exchanging the SBD for Steem on an exchange and using that to power up your account

    good to know thx lol, didn't really know that this one earned you the most. So as I understand it now, if SBD is valued < 1$ it is always better to us to post in 100% Steempower?

    And if SBD > 1$ we should change it to 50/50 right?

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    [-]
      ·  7 years ago 

    There are variables, for example if Steem were to drop to $0.90 and SBD was at $0.95 then a 50/50 would be better. But to keep it simple then yes, under a dollar is better to 100% and over its better to 50/50.

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    [-]
      ·  7 years ago 

    This helps a lot, thanks !

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    [-]
      ·  7 years ago 

    No problem!

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    [-]
      ·  7 years ago 

    Take into account any transaction fees as well and your golden.

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    [-]
      ·  7 years ago 

    That is a good point.

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    [-]
      ·  7 years ago 

    Thank you for the interesting analysis and the heads up.
    Still getting my head around everything a week in.

    Cheers @cryptoviking

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    [-]
      ·  7 years ago 

    My pleasure :)

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    [-]
      ·  7 years ago 

    Thank you for the tip!

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      [-]
        ·  7 years ago 

      My pleasure.

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      [-]
        ·  7 years ago 

      Thanks for sharing your wisdom! I'm still learning, so seeing this content is extremely valuable to me.

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        [-]
          ·  7 years ago 

        Thanks, I appreciate that.

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        [-]
          ·  7 years ago 

        Excellent heads up. I would have missed that for sure. Thanks.

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          [-]
            ·  7 years ago 

          Well thanks for bringing this up ! Wasn't sure what to do.

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            [-]
              ·  7 years ago 

            Yeah It's not always easy to know what is best. I will put up another post if it changes back to 50/50 being more efficient

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            [-]
              ·  7 years ago 

            It looks like it may be a good idea to do 100% steem power posts.
            Seems like SBD is going to be hanging around the ~$1 mark for a while.

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              [-]
                ·  7 years ago 

              I think so to, when Poloniex released all the steem funds, it really flooded the SBD market.

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              [-]
                ·  7 years ago 

              Thanks for the information and thanks to @pagandance for resteem

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                [-]
                  ·  7 years ago 

                Thanks for the heads up Mr. Viking.

                @thetimminator @spartan23r read this.

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                  [-]
                    ·  7 years ago 

                  Thank you for sharing this @Viking!

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                    [-]
                      ·  7 years ago 

                    This post has received a 10.49 % upvote from @booster thanks to: @cryptoviking.

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                      [-]
                        ·  7 years ago 

                      Since my last post I'm trying not to forget about 100% power up, even though it still happens sometimes... :D

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