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RE: I Powered Down and took cash. And, wait for it....the World Did Not End. Observations and what I learned from my first Power Down.

in #steem9 years ago (edited)

Good post! I was curious about some of this stuff myself!
Question though, you've been here a lot longer than I have, so I'm curious to know your thoughts. Did you power down solely because you needed money or are you worried about steem's future?

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I did it for two reasons. I could use the extra money. But not that badly, I've done well with Steem Dollars. But I mostly did it to learn.

I have high hopes for Steem's future. But I believe if a huge chunk of your wealth is in one place, that is a bad idea. I can take that cash and put it elsewhere. So this is also an investment decision.

Plus I generate a lot of Steem Power anyway by commenting and upvoting. I've gain more Steem Power than I Powered Down. That seems to be an all-win scenario.