Yay !
Finally I just finished reading Steem whitepaper * Big Achievement ...Nod..Nod...
If you were holding on to STEEM and would like to make some profit, you should convert your STEEM into Steem Power.
As time goes, part of your STEEM will be reduced each day
Someone who holds STEEM without converting it to SP is diluted by approximately 0.19% per day - STEEM Whitepaper
This mean if you holding your STEEM without converting to Steep Power or Bitcoin,It will be reduced by 0.19% per day. Lets say you have 1000 STEEM and each day your coin will be reduced 1.9 STEEM, Instead of gaining profit you will lose 0.19% of your coin.
Having this kind of situation, it will force us to make 3 choices
- Converting STEEM into Bitcoin
- Converting STEEM into Steem Power
- Converting STEEM into Steem Dollar
Each choices has positive and negative value that will make you gain profit or lose your investment.
Converting STEEM to Bitcoin
This choice is not recommended as it means you are not confident with the future of STEEM, on your brain only want how to make profit fast. Converting STEEM into bitcoin has great impact for affecting the price of STEEM. More people converting STEEM will make the price more cheap ( we dont want this happen ). People might think STEEM only hype and just like other crypto currencies that has short life, and using this short opportunity to gain profit.
Converting STEEM to Steem Dollar
Holding Steem Dollar is very profitable, just like what [
If you believe in the continued success of the steemit platform, you could do worse than profiting 10% per year ,USD-denominated, simply for parking your funds on steemit.
Converting STEEM to Steem Power
This is the most recommended choice from me, converting STEEM into Steem Power has a lot of benefits for us. Steem Power is the tool to get more rewards from curating post , it works like masternode which is more masternode you has it will give you more rewards and this applied to Steem Power more SP you have more rewards you will get. Holding Steem Power shows how confident you are in the future om STEEM, Steem Power only can be converted into STEEM over 2 years via 104 equal weekly payments. Within this time alot of development will be made and not to mention there will be also a speculation, this is just startup and need time to adjust.
Look at where is Bitcoin now, who ever think that bitcoin will success like now?
In the end
Starts stacking up your Steem Power if you confident that STEEM will be success in next 2 years, Would you like to have small profit right now and then regretting after STEEM hit Jupiter? or you wait and Jump in this STEEMCRAFT to arrive on Jupiter ?
Make your choice and Support STEEM !