If you are not already a whale on SteemIt and plan on investing any time or money into the platform long term, transferring all your SBD and STEEM earnings into STEEM POWER is the best move you can make. There are too many glaring advantages in choosing to do so.
Of these advantages there are 3 that really resonate with me and they directly correlate with each other. This STEEM POWER "trifecta" gives the user the upper hand on the blockchain and the cryptocurrency market.
The STEEM POWER Trifecta :
(1) Buying STEEM POWER makes long term holding of a promising cryptocurrency an easy choice (with benefits)
- Many newcomers to the cryptocurrency arena have a real issue with buying and holding their coins. A very volatile market coupled with an influx of nervous, inexperienced investors should make this no surprise.
Emotions tend to push the majority towards hasty decisions that they soon regret. Putting a percentage of your crypto in STEEM POWER forces you to hold your coins and gives you plenty incentives for doing so.
(2) STEEM POWER gives you more leverage on the STEEM blockchain
- The more STEEM POWER you have the more your UpVote is worth and the more curation rewards you receive. These two factors alone make it very easy to build your profile just from regular participation.
Personally, as my profile is growing I get the most gratification from having more STEEM POWER to reward others. Because of this I'm currently help build a community within the community. STEEM POWER is indeed em-POWER-ing!
(3) STEEM gains roughly 10% interest when it is locked into STEEM POWER
- You can look at STEEM POWER the same way you would a CD(certificate of deposit) from a bank. Biggest difference in this case is you are gaining roughly 10% on your investment and you get to distribute currency on behalf of the "bank", SteemIt, in the meantime.
If this post made the value of holding STEEM POWER clearer to you :
Thank you for this post! Great info & awareness on why we should invest my friend :D @opinizeunltd
Preciate the support sis!
Yea, now especially is a time to buy...while all the Steem tokens cheap
@opinizeunltd Yes your right :D
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Great break down of the force that truly keeps us Steemin! All Aboard!
Indeed!
Ok, good info im increasing my steem power if i can, but still its small :-( Any tips to make it grow faster?