What should I do with liquid STEEM?
Hey folks,
I know this might be a basic question for most of you, but I still need to learn a lot about STEEM.
So my question is which is the best way to utilize liquid STEEM?
- Hold
- Power Up
- Do SBI giveaways
- Sell it for SBD and invest in Steemmonsters
- Other - I will write it down in the comments
Answer the question at dpoll.xyz.
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Invest in @dustsweeper so your low votes get payed out too.
Invest in.SBI (steembasic income)
Power iup depends on how much you have now. Otherwise hodl till steem's price goes up. That is what I do. Good luck 💕
Oh yeah, I have heard some about dustsweeper but I'll do further research 🤓 thanks for the advice!
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You are welcome 💕
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🏆 Hi @goodguymate! You have received 0.1 STEEM reward for this post from the following subscribers: @steem12
Subscribe and increase the reward for @goodguymate :) | For investors.
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It's best to do a hybrid of the two options I chose. Powering up is ALWAYS a good idea, and SBI shares add up over time. Find the happy medium that works best for you. But both of those options are good ones.
thanks for the detailed comment!
Will probably do as you suggest :)
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Steem is more fun when you have more steem power.
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Thanks for contributing to the dPoll content.
You have been upvoted from our community curation account (@dpoll.curation) in courtesy of This Guy... @bluerobo.
Come, join our community at dPoll discord server.
If you want to support dPoll curation, you can also delegate some steem power. Quick steem connect links to delegate:
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Thank you very much!
Congratulations @goodguymate!
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Ey, thanks a lot!
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You're welcome @goodguymate
BTW, feel free to support back and vote for me as a witness if you like my work at promoting your post and all newcomers
Don't power up, let that come naturally through your posts' rewards. Don't do SBI giveaways yet...
Steemmonsters also takes steem payments.
Hold or invest in profit-guaranteed opportunities.
I have also seen in your beginners guide post you mentioning minnowbooster. Why is it different to send them steem and they give you an upvote which has the same value as if you would have powered it up? (only some part of it will be transfered to sbd)
Is it better because it brings attention to your post due to its increased value and it might lure further upvotes?
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Yes but it also gives you a little profit. Like 5-10%. You can also use minnowbooster to buy SP delegations.
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Hi mate, great to see you around.
Steemmonsters is an endless investment and not something I would advise someone to invest on.
Maybe invest on Steem engine tokens if you have an idea about how that works.
Hey Simcard, long time no see! :)
Thanks for the advice
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If you have low SP - under 500, it gives more bang for the buck to lease delegated sp. Your natural sp will grow much faster if you curate well. Join the engagement league of @abh12345 and follow the top people in the curation part of the league and study how they vote to learn about it. You might not do what they do, but you will get ideas.
I lease delegated sp slowly - 70 sp at a time for 24 weeks each time with dlease. This is about 5 steem cost. So if someone decides to pull a lease out, it does not kill me.
I would do the sbi contests with some. Be sure and use the contestkings method so you get people to come to your contest and they will also sometimes give you a good upvote from the kings. Pick a theme and do one contest each day or each week in the same manner.
I have a lot of minnow tips in an older post from my other blog. These tips might help you. Good for you to poll about this.
You CAN Succeed on STEEM
Thank you so much for the very detailed answer.
Leasing sounds like a reasonable idea but as you wrote I really need to learn how to get the maximum out of my votes.
Also, I am quite certain that everybody can succeed on Steem if they put in enough effort. :)
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Power Up a part of it and hold and use the rest of them.
For example promote your posts either with your liquid Steem or with your Steem Dollars (SBD) with Smartsteem.
Nowadays they have a fixed 10% ROI.
You need to send at least $0.1 Steem or Steem Dollars (SBD).
The post will be voted on once it is at least 15 minutes old.
You can also use your liquid Steem to buy tokens (for example dividend paying tokens) on the Steem Engine.
For example Plankton Token (PLKN), Epic Token (EPC), and QuratorToken (Q).
I currently have 10 Plankton Token (PLKN),
I bought 10 Plankton Token (PLKN) for 3 Steem, and I am receiving 0.008-0.009 Steem per day.
Maybe this is not the best short term investment, because it takes approximately 1 year to earn back your initial investment, but you can sell your tokens anytime.
You can even use your Powered Up Steem as investment in multiple ways:
For example sell your vote on MinnowBooster to earn Steem Dollars (SBD).
And/or do the same thing on Smartsteem to earn Steem and Steem Dollars (SBD).
According to the Smartsteem calculator, if you invest 100 Steem Power, your daily revenue will be 0.043 Steem + curation.
You can also delegate Steem Power to them.
According to the Smartsteem calculator, if you delegate 100 Steem Power to them, your daily revenue will be 0.05 Steem.
They write that the calculations displayed are an estimation and may vary due to the very nature of steem's valuation.
All in all these could be good passive incomes in the long term.
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Hi @goodguymate
and what did you decide to do at the end of the day? :)
Ohh hello. :D
Most people believe powering up is the best choice and they are probably right :)
However, I got some pretty good advices in the comment section and I might write a summary post about them and the overall results.
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