This current crypto low is getting a lot of people down. But it doesn't have to.
I love STEEM and Steemit. And when SBD is high, I regularly use the opportunity to buy other cryptos with my rewards.
Doing this still allows me to build my STEEM Power, but also lets me broaden or boost my crypto portfolio. Don't get exited: it's not that big - and it's worth a lot less today than it was a few months ago.
But building my STEEM Power is still a big part of my strategy - because STEEM is one crypto that has a proven use and track record. It's also the the busiest and most transacted blockchain that exists. We witness it every day: STEEM works and I believe Steemit will grow significantly in popularity as a platform.
So building STEEM Power is a good long term idea, in my opinion, but increasing STEEM Power also helps build Steemit as a platform, because the more of us who have some, the more of us can reward good posts and support our friends and new Steemers.
So I steadily have been building my STEEM Power. But sometimes, it makes sense to do a bit more. Like now. With STEEM/SBD at the current prices, we have lost a lot of the buying power from our rewards (even taking into consideration the lower prices of other cryptos).
What to do with them then?
We can save, hoping that the price improves in the near future, OR if we are committed STEEMers and intend to be on the platform for a long time, we can opt to Power Up. And now is a great time for that.
Because when SBD is higher than STEEM, and both are low, that is the perfect time to Power Up.
You see? It's not all bad!
Picture courtesy of pixabay.com
Register for Universal Basic Income here: https://www.mannabase.com/?ref=3ac18f2d78
