Power Down, Power Down Partially or Sell account?

in steemit •  6 years ago 

I started this Steemit Account to raise funds to help the people of the Philippines and Eastern Asian Countries. I have been able to take about $100 per month by selling my liquid Steem and SBD. It is good and I have tried to maintain a VP, without delegation of all SP.

Steem may go very high and it would be great to have some nice funds to really make a difference. The other side of the coin, perhaps Steem has already seen its hayday and, perhaps it is already the best time to power down. What are the options? What seems to be best of these options? I would like your opinion!

Power Completely Down

Currently I have 5,593 Steem
I could power down and do a lot of good for some folks here. Ease some suffering and encourage many.
I I do this, I have an immediate benefit, but also lose the $100 per month I currently enjoy

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I took these photos with cars zipping by to see what would be the results.

Partial Power Down

As I was building this account, I wanted the Dolphin status and achieved this in a little over a year. I have thought of staying with Steemit. One way or the other, I don’t think I will leave all together. I could power down partially and rebuild from there.
If the needs were not great, I would not even consider this as I love this community. The needs are great and the resources are currently small.

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Sell my Account

I am not sure this is even an option as I have never heard of anyone ever doing it, Perhaps if I could sell it to someone for a decent and fair price, I can start from scratch and maybe be at Dolphin status again, within a year or so.

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Delegate All SP

Another Option is to Delegate all Steem Power with hope of the best pay back or ROI of this delegation, in the form of pay or upvotes.

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Stop all Delations

This option would make by upvote have the most value and, the idea would be to attract other steemians to upvote my posts as I Upvote theirs, tit or tat,

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I WOULD APPRECIATE YOUR THOUGHTS ON THIS!

Daddy William

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All proceeds from this account will be used to benefit the people of the Philippines and Eastern Asian Countries

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Just sell out the whole way...

Posted using Partiko Android

Thanks for your input!

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  ·  6 years ago (edited)

Now is certainly not the time to be selling Steem. However, not knowing the entire situation could be the difference between the right and wrong time.

Market wise, Steem will very likely see another double from here once everyone is confident we are out of the bear market, we may well not be yet....

The next Bull run could well see $10.00 Steem, likely more if anything like 2017.

Will all that said, I am willing to continue with our current arraignments, plus any powerdowns you choose to do; buy the account outright, or possibly make some new arraignment between yourself and the Christian-Trail. Charity projects are our priority.

I agree with @michealb We need you here to continue your blog if possible. Reach out to me on discord if I can help in any way, otherwise I'll leave you to decide what's best...

Pray on it..

Thank you so much for your wisdom, love and encouragement!

I agree with @majes. I wouldn’t be powering down at these prices. I too think we will be multiples of where we are within the next couple of years. And I too have been buying more Steem at these prices. Perhaps delegating your SP could be an option. I’ll message you a bit later.

Thank you brother!

I would hold steady for now, and maybe re-look at things in another 6 months. Steem is too low at the moment. Let’s see how it fairs as the major cryptos rise hopefully over the rest of the year.

Sounds like sound advice my friend and brother!

A few have sold their accounts back in the first year of steemit. I can’t remember the names, but it has happened.

Deep down, I think most digital currencies will go down and test lows. I powered down my account over a year ago after building up my account from being active on @steemit.

I powered down because #steem was trading for several dollars. Personally, I wouldn’t power down at these levels.

I thought Steem could trade at $8.00 and I was fortunate that it did.

I recently started making small trades into Steem for the first time, so you can say I’m interested in Steem as an investment.

Also, the small investments weekly are my way giving back to the blockchain and the investors that changed my life in so many ways.

Best wishes from the states my friend

So it has happened before. Thank you!

will get back to you on this. hold off until i have a chance to read properly

Ok, thanks!

  ·  6 years ago (edited)

your a writer no need to hold steem. power down what you make each week if that's an option. EDIT; speak on discord later

Thank you bro!

on discord now

Thank you so much brother! God bless!

I would hold. I believe bitcoin and crypto has another rally in it. Especially when not if institutions will enter for real as many already have done. But I believe the recession that’s coming will propel retail investors into bitcoin and hold again, institutions are already here. Preparing but recession I believe will push price of bitcoin and etherum higher and all crypto will follow. So HODL and slowly power down.
I’m gonna be a Dolphin next year. You showed me it’s possible buddy.

Posted using Partiko iOS

Cool my friend! Thank you!

I say hang on. There's a lot of dev going on on the blockchain. I think we'll see a price rise again.

Thank you!

The condition at hand may determine the option to go with, but I’ll love seeing you here, powering up, and creating good content as usual! My time with you here has been wonderful!

Posted using Partiko iOS

I can’t see leaving Steemit. I also love my time here and meeting great people like yourself. Blessings! Thank you!

beautiful

Thank you!

lol discord is way to fast for me. think that's why i like steemit :)

Lol!

Thank you Brother, at times two decisions may come to our mind, but one seems to be good and one seems to be bad. It is very great that you have sought for our concerns, with all these given to you, the Lord will be your guide when you pray over it. Thanks to you, love your mood!

Thank you! Sound advice!

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