Don't Invest in STEEM POWER. "Stop chasing shadows, just enjoy the ride"

in #steem7 years ago

Interesting fact.

Steem Power is very easy to invest, but pretty hard to take out. Average users should not invest in it.


Did you know that if you put your money as Steem Power, it takes 2 years to take them out?
I will try to explain why I think that the average user should not invest too much in SP.

But first: Why does that matter?
After all, Steem Power makes us bigger fish, and that means we also earn more money, right?
Yes. That is correct!
...If you are really good at blogging.
If you are that good, than sure - invest.
It will pay off.


But most people are good at reading blogs, not writing them.

Statistically, you, the reader, are probably one of them.
So what do you do? You struggle to earn some SBD and have the option.
Invest or take out?

My advice is - take out.
It is not possible for everyone to be successful bloggers. (If it was, then nobody would waste time by reading the blogs of other people. They would all be too busy writing their own blogs.)

Just accept that you are (probably) not gonna be rich and be happy with what you have.
And what you have is still pretty cool !!
What you have is a Facebook-like site, without any advertisement, that even pays you a few dollars monthly.

If you are not really a blogger, just forget about your adrenaline pumping desire to 'hit it big' and simply 'enjoy the ride'.


Sort:  

Thanks for the resteem! upvoted and following

it takes 2 years to take them out?

only 13 weeks. weekly you will get 1/13 of your steem power.

Great choice of song!
Really illustrates what you are trying to state.

Chasing the money in SteamIt is like chasing shadows.
Just enjoy the ride!

The two year power down was changed to three months in December.

thank you for telling me that.