If you are anything like me and missed out on the Steem price increase last night, I hope I can cheer you up with this post.
Like many, I was in disbelief when I saw that Steem had risen 20x in just a couple of days.
I saw the potential in Steem, I saw the potential for its userbase to explode, I just did not think it would happen so quickly. And for some stupid reason I did not think of turning my enthusiasm into an investment decision. Maybe I was too busy browsing Steemit or thinking of stuff to write.
Actually I have traded some Steem back and forth for a small profit, I just didn't have the guts to actually hold some Steem. Now that ship has sailed.
But even though I just missed out on making thousands of dollars with the click of a button, I am still very happy!
Why? Because there's one thing I can guarantee we all have not missed out on:
Our Steem Power!
By design, you can not take out all your Steem Power at once, this protects you from bad investment decisions.
Steem Power is even better than Steem because it accrues interest!
Open your Wallet right now and check how much your Steem Power is worth.
In my example, my Steem Power is worth an estimated $2,180.20 - $469 = $1710.
Now multiply that by five.
Wait, what?
Yes, your Steem Power is actually worth much more than your wallet currently says!
Each Steem Power is worth one Steem. But the wallet uses an average price feed for its estimation, hence the recent price increases of Steem are not even factored in yet!
Now get back to writing and voting to earn more Steem! Damn this platform is addictive...