The waiting is for the payout. You can buy Steem and power it up at any time.
I would give the opposite advice to @rouketas. Don't spend any money in Steem whatsoever until you've spent a while with it and are comfortable that it is a sensible thing to do. It is a highly volatile and risky asset.
Oh okay. And by "until you`ve spent a while with it", what exactly you think..? And why do you think it is a risky asset? And thanks a lot for these tips, I really appreciate it!
Well, I myself got started in early July but didn't buy any Steem Power until September. After the peak in August, the price fell 97% over the course of a few months. All cryptocurrency is volatile, and Steem is incredibly volatile.
After many months and buying Steem regularly, I am now in a position where I'm nominally in profit, and I expect it to grow a lot more. But I think everyone who considers buying Steem Power should be realistic and aware of the risks, and even be comfortable with the prospect of losing a lot of money at this stage.
In general I don't recommend people buy in without such consideration. You can add value to the network just by making posts and comments, and the network will give you some Steem just for that.
That is good point! And did you then just withdraw in SD the amount of money that you didn`t transfer to SP, or?
Lots of people do that, but I never did. I'm in for the long haul :-)
I`m still new, and definitely would need to educate myself more on my own! Thanks for these tips and some details I should be careful about :)