RE: N.E.L.S. Or Non Exchange Liquid Steem
you should make a post out of your reply to me. This I understand :D Thank YOU for taking the time to come back and explain it to me.
so really I should not power up everything I have?
or what would you suggest? yes, I know I have the final decision on what I do but would like to hear your point of view please.
and if I would, I would think lots of others would, if you do it in the easy to understand manner you replied to me in.
we are not all investors and learn slowly as we go what we need to know. some of us......got talked into being here by their son's and when asking them about stuff don't really understand what they are saying loll and then think.....well I will learn that later :D
and then a year goes by and you still have no idea :D
Hope your day is going great!
Oh, and what the hell is FIAT? please.
Thanks for the reply. I am considering doing something like this again, possibly a DTube video.
As for powering up, it depends on what your purpose here is. If you are just going to upload videos and not purchase anything then power up the whole lot. This increases the value of your upvotes, author rewards and curation.
There is not much to buy with Steem except for maybe Steem Monsters cards, etc.
But maybe you want to send Steem or SBD to your son or buy something?
I just paid 50 SBD for tickets to a Christmas party. So, in that sense having 'liquid' SBD or Steem is important.
Your wallet says you have 8.409 Steem. This is liquid Steem you can use.
Your 1619.536 Steem Power is locked away and isn't liquid.
You can always earn more Steem the more you power up and interact here.
But if you want some set aside for emergencies, then do that.
Also, adding SBD or Steem to 'Savings' locks it away and it can take 3 days to get it out again. Not liquid at all. :)
Posted using Partiko Android