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RE: You Would Be Insane Not To Power Up Right Now + HF19 Mindset Shift
I Powered up yesterday.... Whats the worst that can happen? It's only a 3 month waiting period, if i choose to power down.
I Powered up yesterday.... Whats the worst that can happen? It's only a 3 month waiting period, if i choose to power down.
Nice move! 👍
If I am not wrong if you decide to power down you will be getting close to 8% of your Steem every week, so it's not a bad deal. But I am not sure of this, maybe a Steemit expert could tell me if I am right.
Yes, this is correct, about 8% of what SP you had at the time you set a powerdown to start. I intend to pile on the SP as quickly as I can get my hands on money to do so. I have about 500€/month coming through my mining, paid out every week, that's going ALL IN to SP, and I figure once I reach 2000 steem I will start a new power down. It's like a giant capacitor for my financial circuits. It is a very useful tool for helping maintain and disburse a big surplus so that you keep accumulating it.
Thanks for sharing your plan. I'm starting to understand this process more and more. Cheers.