With the current low prices, I decided to invest some of my savings in the Steemit platform. Now I'm wondering what would be the best way of distributing my money. In the first place I have to decide which percentage to allocate to the different Steem variants:
- Steem
- Steem Power
- Steem Dollars
I'm curious what you would do? Would you only buy Steem Power to increase your voting power instantly or would you also buy some of the more liquid currencies? Let me know in the comments below!
I would go for STEEM power or STEEM. Steem dollars are meant to be 1 dollar and I dont expect the price to go up very much in the feature while STEEM probably will go up much. If you use STEEM power your votes are worth more but if you buy STEEM its easier to sell and make profit when the price goes up.
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That makes sense. However keeping some SBD might be wise if the Steem price drops even further (which I hope it doesn't...).
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As far as I know there are only 2 currencies 😀
I would say 100% in Steem and power it all up.
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That's true, but SP takes some time to power down, so I consider that a bit different.
I was also thinking about maybe using some Steem to buy some SBI-shares together with others, but that would also be a long term investment.
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Did you recently calculate the return for sbi? And the pay back earn period?
I think the outcome could be terrible. But for now that's just a hypothesis.
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No, it's a while ago that I did that the last time. I guess it's a good moment to do that again somewhere the next week.
In general, the ROI measured in Steem should still be (about) as high as before. The ROI in $ probably is down quite a bit, but buying more shares now would obviously improve that in the long run (íf prices go up).
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But lately I learned they burn Steem by leasing SP to give the upvotes. I think that will kill the whole concept in the end. But we got to do the math to check it.
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That would be problematic indeed. I'll do some math the coming days.
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I will also try to do so. Let's see who's quicker and who posts the most simple calculation?
And maybe most important, if we come to the same conclusion?
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