Takes 2 years to power down I think though. I'm guessing that is to prevent this ... which would be my concern in this situation too. I might be wrong but I thought when I decided to power up my steem to steem power I remember reading it was tied in for 2 years.
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Yes thats true, I have been thinking about it a lot, its great for investment purposes and all that but 2 years, hypothetically if steem goes to the moon, then tanks a few weeks later, the crypto roller coaster could do that, steem gets a bad rep and your left out. I don't want to sound negative but its a possibility to consider. I would prefer 6 months or 1 year with the ability to choose how you want to invest. I guess Im in it for the long term now.
I'm in for the long haul so I don't mind the 2 year power down. It cost me nothing and I'm keen to support the platform long term. If it takes ages to power down it buffers the system against the roller coaster I suspect.
I think a good strategy Sally is to build up and keep a fairly high amount of StemDollars in addition to your SteemPower. I know SteemPower gives you influence and ups your voting power, but SteemDollars give you fluidity. And it's really fun to be able to do things with your money sometimes, even your crypto currency.
I'm not talking about a lot but having 10-20 SteemDollars always available isn't a huge target for a hacker but can be a significant value to move across to Bittrex when there's the next crazy pump.
It's all free money for me, so I'm happy to power it up :-)