Where would you invest your money SBD or SP?
I would invest my money in Steem power than SBD. @nathanmars this is a great pump of wisdom and sense in many of us ‘’newbies’’ on this platform.
Thanks so much for this yet another challenging and educative question. Crypto is still in its infancy subject to several stiff criticisms from the different governments but has great hopes of growing every other day into something that is irresistible in the nearby future and this will mean a high increase in demand and value of steem.
The reason why some people power down their SP is because of their having a high marginal propensity to consume than to save and invest what they have at hand.
The reasons why I would invest in steem power than SBD
For newbies: Steem power refers to steem that is held in your account as fixed shares or investment in Steemit whereas SBD is liquid crypto that can easily be converted/traded into other coins or cashed out into fiat currency.
The coin market cap shows that steem is of more value and having a bigger rank than SBD therefore I would rather invest in steem which is growing more in value than SBD which still has a long way to go.
The secret of flourishing on Steemit lies in the amount of steem power one accumulates or possesses on the steemit platform. Personally i have never powered down the little steem power that I have so far accumulated in the space of 5 months I have stuck around on this platform. However most of the steem power I possess is a delegated one which is now 1052sp. With the little time I have been on Steemit and the learning I have so far acquired about steem, steem power and SBD. Investing in Steem power stands out to be the outstanding and a great step for success on Steemit and in the crypto world as a whole.
Steem power makes you more influencial on the Steemit platform in regards to earning more on curation and also attracting many steemians to your blog to have interactions and their contributions on what you are building.
Steem power enables you to earn passive income like you have mentioned above.
In a nutshell I rather invest in steem power than SBD in order not to live in regrets in future when I come to a realisation that steem has doubled and become $100 worth than SBD.