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RE: Too Redeem, Or Not to Redeem? That is 'Steem' Question!!!

in #steempower • 7 years ago

Best advice dug up so far:

~ Redeem instantly (I guess the original version of steem was configured for rewards to go directly into one's wallet; the new system is set up to combat bots, hackers, and other malicious activities within the blockchain). We gain no interest or influence/value on Rewards left unredeemed (in essence, it is capital left in limbo).
~Let the chips fall where they may. Rewards are given in each categorical stage of our wallets, so just let the STEEM and STEEM POWER and STEEM DOLLAR (SBD) build up organicaly in our balances.
~The sound financial move is to transfer any SBD to BitCoin any time it's balance is greater than $X dollars (my chosen X will be $20 to begin with, and then fluctuate up or down from their depending on how much negative affect the action may have on my own voting power, etc.). Of course, then one has the option to transfer their BitCoin to their bank account or paypal in fiat currency or play the markets and sit on their balance for awhile.

Anyone have any opinions or advice to add to this comment and it's parent post is greatly appreciated.
That's my 0.0001 BTC's worth (wonder what that is worth in ௹? 😉).

7 years ago in #steempower by
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     7 years ago 

    ~ you know what... That makes a lot of since why that was implemented in the first place. I have noticed there are more and more bots showing up, and i see how that could be detrimental in the most beginning stages of the platform.
    ~ If Limbo is the case, then i need to make sure i grab it as it comes. No use on letting it sit.
    ~ I haven't made any real money on the platform yet, but I'm sure it will come. When it does, I will just convert to steem power to strengthen my voting power and help others earn. Thats really my goal here is to just help others and notify folks of the earning capabilities of bitbean.

    Thank you for taking the time to respond so thoroughly. Hopefully that lowly 0.0001 worth of information will convert over to some big bucks :)

    Again thanks for sharing and Lets get to the money