Powered Up?!
It Happened
For all of you who were diligently watching the prices of Steem and SBD, we have had two interesting things occur.
Flippening
The price of Steem has dropped to the extent that it is now worth less than SBD. That means you should be able to get more Steem for your SBD. If you have 10 SBD, you should get slightly more than that on the markets right now.
Powered Up
Also, the price of SBD has dropped below $1, so if you want to maximize your rewards, you will get more by selecting the "100% Powered Up" option. Please note: this means all your rewards will automatically be powered up and you'll have to power them down over the 13 weeks in order to get that Steem Power out. However, you will get slightly more rewards by posting this way, assuming the price of SBD stays below $1.
Note: You may want to continue to post 50/50 if you think the price of SBD will rise over $1. This is a possibility as ZERO SBD is being created right now due to the current debt ratio of Steem. Therefore, SBD is a little more rare right now, so could see upward pressure in the price.
Another reason you might want to continue posting 50/50 is that although no SBD is being paid out right now, the rewards that you would receive as SBD are being paid as liquid Steem. That means you have liquid crypto that can be sold or traded as need. It all depends on what your goals are. Do your own research because what's best for me might not be best for your situation.
These are interesting times. Keep an eye on the prices in order to maximize your rewards. Things change constantly and it's difficult to predict, but if you think that SBD prices will stay below $1, now could be a great time to switch.
Thanks for the tips @themanwithnoname! I just did a post before reading this, so it's at the 50/50, but considering I may need to 'cash out' occasionally, perhaps I'll keep it that way?
I have kept mine at 50/50 still as it's close. Also, it's nice to get some liquid steem that you can use for buying SBI shares, or for entering drawings.
Thanks, that's a good idea @themanwithnoname 😅
Sticking in the 50/50 for the time being, you throw interesting ideas into the equation, thanks @themanwithnoname
Visiting from the Daily @qurator
Thanks for visiting. I'm glad you found it interesting. I'm not trying to tell people what to do, just trying to let them know that there are options out there that should be considered in order to reach their goals.
Powering up makes a lot of sense when you have a long term outlook in your approach to Steemit. Maybe the current trend will also help clear out some of the people who seemed to be here purely because they felt Steemit was a "cash cow," waiting to be milked of every penny.
It's hard to make much headway with humanitarian and engagement approaches when it seems the only thing people care about is money.
Bright Blessings!
You make a lot of good points. I have a long-term approach, so powering up makes sense for me... even if that means posting 50/50 and then powering up the other half for more rewards.
It would be nice if some of the people who are just taking the money and running, well... ran. Then we'd have more engagers left.
Great post and makes a lot of sense. :)
Thanks, I was just wondering about this.
Steem and SP are pretty much the same thing are they not? So with all the rewards being in Steem and SP, and SBD pretty much out of the reward equation, is there a reason to switch over to the 100% power up option?
I guess I missed the SBD drop below $1. On World Coin Index it said the average stayed above $1 and I didn't see any of the individual exchanges dropping below, either. Anyway, that part doesn't matter as much as there's an inversion going on and it appears to me that SBD is back over $1.01 while STEEM is now below $0.98. Not a whole lot of volume moving this.
I think for the time being I'm going to keep the split, even though I'm powering it up, just in case SBDs come back on line. As you say, though, it's an interesting time as far as this all goes, and I don't know there's quite a definitive move to be made, unless you can figure out the math and what they're doing with SP versus Liquid Steem, because the conversions I'm seeing are obviously not the same.
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STOPTo support your work, I also upvoted your post!
Okay now this was artistic and helpful at the same time.
One question though which can not get out of my mind, should we be happy about the price drop and invest in it finally or should be expect it to drop even further and then invest ?
sir manwithnoname..thanks for your thoughts, options and explanations on all this stuff, I have no clue what to do so I guess I'll keep trucking along, I don't know if the prices mean good or bad, most people say terrible unless you're long then it's a gift if you have funds to invest. thank you sir!