You are viewing a single comment's thread from:

RE: ‘Tis a good day to buy some Steem!👍

in #steemit6 years ago (edited)

Instead of you, I would have powered down now and exchanged back to Monero, to profit the other way.
Once you profit the other way, you are able to convert again, and power up again.
While you wait for your trade to succeed, you can still increase your SP by:

  1. just waiting and the interest on the vests slowly grows your SP
  2. curation rewards and author rewards on announcements, reports, etc.
  3. reinvesting a part of SBD funds into SP, while using the rest for electricity bills or outsourcing the service, and/or other uses of your liking.

So it seems a good opportunity to power down!

Sort:  

I agree, the only problem is it takes 3 months to power down.

This is a part of why STEEM is a bad currency to invest in, so you should still power down.
Also, 3 months is for a full redemption, but you start seeing your STEEM after 1 week.