Power Up your Steem Now; Advantages Of Converting Payouts To SP
Are you yet to invest in Steem and Steem power?
Have you ever tried using the power up 100% option when posting?
Or have your tried converting your $$$ to Steem Power?
If you haven't, then this post is for you. You might ask yourself, what do you really stand to gain from investing in steem power? Well, you finally have your answers here. Firstly,
What Is Steem Power?
Influence tokens which give you more control over post payouts and allow you to earn on curation rewards.
Delegation is donated for influence or to help new users perform actions on steemit.
Steem power is the influence you have over the network. Most people think, oh! Let me just have some payouts and hence they cashout and they practically feel fufilled. If you are very conversant with the cryptocurrency market, you will discover that there's a huge drop in the rate of the steem blockchain dollar. The inflation has been caused by so many factors but the important tip is how do we bring out the best in this "Crypto blood bath".
The world of cryptocurrency as we know it is filled with Ups and Downs.
Hence, it's best to maximize and strategise how and when to go for it and when not to go. From recent stats, you can discover that SBD and STEEM has been going down and up for a while now and this has been favourable to some extent.
One does not simply say SBD will shoot up instantly
Recently, the current rate in steem and steem dollar has so drifted towards the dip and that's the main cause for the sudden drops we find in the earnings from our post. I've been receiving some complaints lately like,
My last post dropped from $17 to $12.6 and I was left to only claim 4.3 SBD and 0.6 SP
Which is a huge drop to the rate we had earlier this month. Now how do we overcome this Strive.
Go All in For Steem Power.
With steem power, we can dictate the amount of progress we can have on steemit. Recently, because of the method of growth in steemit, minnows depend on the whales for little crumbs of bread, a little portion for us to manage and that's because they have a higher steem power than us. This is the basic nature of Steemit and it's the natural way but we should learn not to be entirely dependent on them. If we can grow our steem power to at least a thousand steem power, we can fend for ourselves through community build up.
Steem power is the key to a experiencing steemit on a whole new level. One of the ways to acquire steem power is by powering up 100% and that's one of the effective ways you can use. Another method is by converting your steem blockchain dollar to Steem and then you power up. Another way is to purchase Steem power from Exchange platforms like Blocktrade, Tidex, etc, with hard cash or other cryptocurrency in possession.
Tips in becoming independent on steemit
Even as the sub-topic may entise you, you cannot be completely independent on steemit. You need at least a community of steemians to support you. This can take a part of your depending nature on whales and drive that towards empowering yourself to a greater height. So go get yourself a steemit community and enrich your steemit experience.
Very informative @gutzygwin but how do you buy Steem power here on steemit ??
Simply by using blocktrades to trade your sbd or any other cryptocurrency you possess for steem power.
By clicking the buy option on your steem power indicator, you will be redirected to the blocktrade interface where you exchange your cryptocurrency like sbd for steem power/steem without necessarily needing to log into the blocktrades site.
I never knew this until now. This is so enlightening
Wow nice one
Wow what a nice post I never knew these until now, thanks for these post, more stemains needs to see these ND I will I will resteem it
Dear @gutzygwin
Thank you very much for this inciteful write up about the steem power. Trust me i never really knew much about this aspect of steempower and i was among those who easily would cash out for the gains. Thanks once again, i would be looking forward to read more inciteful writeups from you.
@fuhreresu
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by gutzygwin from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Nice. Very educative. Thanks for sharing 🙌