I bought some steem on your call and it grew almost 2x! @Haejin, I'm curious to know what you think of powering up in terms of investment? Have you ever considered doing something like this with your steem? And if any one knows, does steem translate to 1:1 steem power or is it tied to the current market value of a single steem token? Steem token has a 100% annual inflation - does steem power have that, too? What happens when and if I need to withdraw?
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Your Steem Power can be exchanged to Steem at a rate of 1:1 in a process called 'powering down'. You receive Steem once a week and after 13 weeks it is completed.
And Steem does not have such a high inflation, I think your information is outdated.
I invested into STEEM few months ago when it was ~$1. Now it is where? 😍
It is long term investment and gives a lot of fun, too.
It was changed to 9.5% a year and it reduced 0.5% each year. With SMTs coming I'd say STEEM could hit $100. I mean just look at Buttcoin. It's the biggest thing and the worst coin. So $100 STEEM is possible. Don't buy much STEEM. Just power up with what you have. and leave it their and collect curation rewards.