Well explained. I was lucky enough to receive similar advice at the start: to re-invest all my earnings back into steem.
Although I must confess that I have been cashing out liquid steem to invest in some other currencies and for conducting experiments. Even still I believe that powering up is the smarter move! Especially for the long term gain and strategy.
The price of Vest doubles every year right!
Diversifying is always a legit reason to cash out. I will eventually do the same.
Ya, that's why I did it. I Felt like I wanted to use a bit of what I earned to branch out but really didn't have the cash to invest ~
Steemit makes it easy... SBD -> STEEM (in the internal market) -> exchange -> to BTC or whatever else.