Great post. When I first started here, I invested in Steem and powered up. I was somewhere around 365 on the whales list by Steem Power after getting some author payouts. Since then I've been working to consistently create value and power up the results. I'm now at 318. On top of that, I have a small amount I'm beginning to run through the SBD -> convert -> sell on internal market for SBD cycle. I've had more fun with my bitcoin investment in Steem Power than I've ever had watching that paper wallet balance go up and down with the price swings of bitcoin. I really hope Steem has a long-term valuable future and look forward to powering down some Steem at some point in the future when it actually means something. Until then, I'll keep building relationships and adding value.
You are viewing a single comment's thread from:
Aren't you losing money on that as STEEM gets cheaper?
No one can predict the future. If the price of SBD is at $0.80 then you've got a 20% buffer to work with, including a 7 day median price. It could go up or it could go down, but that 20% (assuming an $.80 price) gives you a big cushion to work with. You could hold, sell immediately, or sell later and there's always risk, but you're not going to get a $1 guaranteed purchase power on an asset priced below $1. That's a nice deal.