This has become a real dilemma for me recently because of the price spiking up, with the price higher than what I brought it for then its very difficult to resist the temptation of at least thinking about when to take my money out. I'm also afraid now that if the price reaches $10 in a few months (which is not impossible in my opinion) then i'm going to take most of it out and lose out on the possible increase after that.
Also I completely understand the 13 week withdrawal system and why they have that, but it makes it very difficult to judge when you should take your money out, I have been advised to power down when the price spikes up and then power up when the price spikes up. This would work in the short term but you would only be able get a fraction of your investment out quickly, so it most likely isn't worth it. Plus the more Steem Power you have means the more money you can make, so this tactic would cause you to lose out on revenue from your posts.
Or another tactic would be to see this as a long term project and hodl for say the next few years with the desire that steemit will become mainstream and a top 10 cryptocurrency . This would be a very ambitious tactic, very brave, and very risky.
So what tactic do you suggest, what tactics are you using, how far do you think Steem can go?
If you liked this post please comment and up vote!
Thanks for reading