RE: Why Steem crashed, what YOU should do, and where we are today.
Remember that Steempower provides you with a 90% P.A. interest, which is better than any bank you can find.
Yeah, but, my Steempower has increased over the past few weeks but my wallet's "estimated value" has decreased. It sure doesn't feel like I'm gaining interest. I'm gonna have to hope that the price of Steem rises over the next year/month to make my 2-year-long Steempower withdraw even worth it.
If you invest in Steempower now, you'll cashout the full amount in exactly 2 years.
So if I have $2K worth of steempower and I cashout now, do I get the whole $2K by the end of 2 years? What if the price of steem rises or decreases while I'm powering down over the 2 years, will that affect how much I get back? Does the interest still accure on my steempower as I power down?
Go for the long term. Your interest will not accumulate after you power down.
Unfortunately that is the case, however, I think holding Steem for the long term that you get from powering down is still a good idea.
The point of receiving an interest on your SP is to counter the inflation in STEEM.
because every few seconds new STEEMs are created that means that there is an inflation. That's also means that in the long run STEEM price will go down. The power your are given can help you earn more SBD that is pegged to the $.
If you power down you receive every week in the next 104 weeks (2 years) STEEM. how much ? SP/104 is the formula.