Hold onto your SP. This is a long game. You will one day be encouraged by the return on your SP and in the meantime, just keep encouraging people, adding value and slowly gaining followers. We are only at the very beginning of the blockchain renaissance. Trust me, this time next year, the Market cap for Crytocurrencies will go from $80B to over $300B. The institutional money is starting to find ways to get in and if you have coins now, you will have big gains as the entire sea level raises. Buy SP and forget about them for a few years and don't let yourself get frustrated.
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thanks i can always rebuy them, I just have $650 in steem power that I am just giving to the whales and getting nothing back. no more - and I do agree with you about the market cap of crypto, I have a nice portfolio that has killed so far this year even with the severe corrections, you are probably correct and yes I am getting frustrated on Steemit but holding it is probably not a bad idea. thanks for the reply
Well at least you won something to tell the truth ... that's good ... I hope some whales read our comments
I'd like to add some evidence to my original comment. Today my position in ANS (NEO) that cost me $1018 back in March is now worth $48,591.95. You only need to buy a little and hold on. Buy a little bit of the platform companies and definitely buy ANS the next time it corrects.
wow congrats, I do have about 126 ans, mostly purchased between 7-8 bucks each, I am stoked today and excited about what is to come. You may wind up doing extremely well, I mean you already have, but I think this thing ANS is just starting, good for you. For the record by some miracle, or my complaining my 4 cent song has gone to $18.80, and I checked, pretty sure nothing from Jerry Banfield, although there are 2 upvotes i can't see, maybe he did, some whale hit me hard, if it was you Jerry, thanks. And i did cancel my Powerdown - I also rode 200 eth from 18 to 363, so I am praying for the same action from ANS that would be crazy to have 2 in one year, peace, and thatnks
Pretty much mirrored my moves there. I also rode ETH up and am now riding NEO up. Glad that the upvotes on your song have also gone up!
Hi cryptoted, as far as I am aware by holding steem power you actually effectively diminish the power of a whale's vote albeit by very little.
However the more steemers power up the more voting power get's distributed.
By just holding steem, you actually give your voting power back to the whales whilst increasing inflation.
Just so you know 😄
well I don't completely understand what you mean I have cancelled my plans to powerdown, for now at least, give it a few months... good luck thanks for the insight, i will think about it
as far as I am aware, the total amount of steem power is a bit unbalanced and will probably stay unbalanced. However the more people that power up the more the total amount of total steem power is shared amongst all users so effectively reducing the amount of share the Whales have.
Basically every new steemer that powers up pays for a piece of the pie.
Whales will always have more of the pie but it will be less overall, is what I mean.
right, I am not powering down after all, I am going to keep plugging away and gaining traction here on this platform and try and build my SP higher even. take care