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RE: Bitcoin (BTC) Morning Update: CORRECTIONS are HEALTHY!!

in #bitcoin6 years ago

Just to clarify, you do lose the ability to sell your STEEM at a moment's notice. It takes 13 weeks to get your STEEM Power back to STEEM, done in 13 weekly increments.

That's a process called "powering down", which you do from the Wallet page.

Also you can directly purchase STEEM Power at blocktrades.us now, which saves a step (i.e., it's already powered up).

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Yes, you're right, apologies for not being completely clear. I meant you don't lose anything because you don't lose your Steem. But you are right in that you are limited in not being able to sell your Steem right away, and you have to go through a waiting period to convert it back from Steem Power to Steem. If Steem is a long term hodl for you than 13 weeks should not be that big of a deal. It's really the least we could do to help Haejin out. He spends so much time everyday helping us make better investment decisions. I'm sure If you use just a portion of your gains from his recommendations to buy a little bit of Steem and convert it to Steem Power, it will go a long way.

Perfect, if all of you supporting this guy would BUY some Steem Power that would cause a lot of the accusations to disappear. You'd then be part of the platform and not just the problem.