Today I hit the "Power Down" tab, not for the first time ever (the other times I canceled almost immediately after clicking it) but I think I'm going to let 1/13th of my Steem Power turn to Steem, then I will cancel.
I have this new plan, I think. I'm happy being around 1,000 Steem (Steem Power) and so I did the math(s) and if I power down with 1,100 Steem Power I will receive about 84 Steem each week. Now, I think I'm going to Power down when I get to around 1,100 so that I stay between 1,000-1,100 Steem Power. I might decide to alter this and move the numbers up a bit each time,but I think that's what I am going to do. I think I'm going to use Blocktrades to go from Steem to Bitcoin and then buy physical silver with the Bitcoin using either JM Bullion or Provident Metals, as both companies currently accept Bitcoin as a form of payment.
This is just something that came to me today, so I might decide to change my mind in the future. I might decide to shoot for 1,500 Steem Power, then Power Down one week at a time hovering between 1,500 and 2,000, and move it up from there.
Have any of you guys thought to do this? You aren't really losing Steem Power long term doing this because you'd hover between fixed numbers. My thought is to put what I've earned from Steemit into real physical metals, which was always in the back of my mind. I just hadn't figured how I was going to do it until now.
On the one hand, I feel like I want to keep almost all of my Steem Power as Steem Power and just grow and grow and grow, to see how much I could have in say five years, but another part of me wants to do what I've mentioned here.
I feel like I'm writing this out in the hopes that someone can counsel me a little bit on what seems reasonable. I'm usually pretty sure of my decisions, but this one is tough.
I believe in Steemit, and in Steem, like I've been saying. I feel like Steem could head to $10 and to me, 1,000 Steem Power is a very solid base. On the other hand, I think silver could head to $100. Both have incredible potential and in my opinion are undervalued (silver being much more undervalued because it's been money for millennia.)
I guess I'd like to hear from the stacking community, but also from the crypto community. Have you thought about doing something like this? Have you done this already? Any constructive advice would be greatly appreciated.
Thanks for reading, leave me a comment please!
