Just keep a 10% powerdown going all the time, so you are always taking something off the table, yet earning in the meantime. Or just wait for $2 or $3 prices, then start.
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Just keep a 10% powerdown going all the time, so you are always taking something off the table, yet earning in the meantime. Or just wait for $2 or $3 prices, then start.
That's actually a really good idea.. I've thought about doing that in the past, but it never felt like anything "substantial" cashing out 10%.. But everything adds up.
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Thats a good idea!
And what if it will go higher?
Steem was around $10 USD a few years ago.
The more the Hive worth, the more your upvote value worth. Why power down, when the things are getting good? I will not power down in the near future. Not even if the price will be $5 USD. I am planning for the long term with the Hive blockchain.
I can totally understand- and relate to what you are saying.. What if I continue to stake my tokens for years to come and everything just suddenly crashes though..?
That would mean a lot of time/money spent with zero profits in the long haul. A power down (or a couple of power downs) would reduce the risk of getting zero profits.
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With what they have done with Hive security, etc, I'm not too concerned. On the other hand, if it were Steem and Justin sun, then never.
Yes, I agree with that sentiment. My plan is to continue stacking Hive, powering down only tiny amounts. Or delegating, and possibly selling earned tokens, at least something like that.