I strongly recommend to hold Steems right now as we are facing the lowest price of Steem for almost 2 years now. We are now having 55 cents per Steem and its really a good back to be honest.
When bitcoin gets its momentum and gets back to its original price, Alt markets will eventually recover. Steem is so much underpriced right now, very underpriced.
Aside from holding Steem, I also recommend converting your SBD to Steem now because we're having a 0.61 : 1 Steem ration. Its almost 2 Steems for an SBD. This is for me a good trade though there are hopes for possible pumps of SBD as what has happened in December. But for me, it will less likely to happen.
This is the perfect time to accumulate more Steems. Continue posting and participate in a lot of dApps and if you can - invest.
Here's a simple explanation of the difference of the three currencies within Steem blockchain:https://steemit.com/steemit/@investingpennies/the-difference-between-steem-steem-dollars-sbd-and-steem-powerBased on that we can conclude which currency is the best to hold depends on your current view towards the blockchain:
Those basically summarizes my perspective to the three currencies when we are on a crypto bear market like the one we are in right now.
I would say the best thing to do right now is to power up as much Steem as possible - the ratio of SBD:STeem is now more than 2:1 - every one SBD you power up you will get 2 SP. If we expect that SBD will stay nearish to the peg of $1USD (which it has been doing relatively well), and we also expect that Steem will sooner or later rise, then powering up seems a good option.
Also powering up and holding SP has many beneifts such as higher upvotes/curation, and the ability to delegate SP, wheras holding SBD really doesnt have any real benefits
I think the best and logical thing to do is to convert everything to steem power. But that should be if you do not need instant cash as powering down takes as long as 13 weeks to be complete.
The benefit of doing this is to acquire as much profit for yourself in the long run. If you do not intend to sell off your Steem or SBD, then it is best to power it all up instead of stacking/hodling it.
I never believed steem will dump so bad to the Extent of it dipping to $0.59. And I also think it will be the lowest in years to come cos when steem rise, it will be hard to stop it. So I really think this is the right time for people to invest heavily on steem, buy the dip... You can also set your post pay out in 100% power up because right now. More sp will be given than Sbd...
Time for inv3stors to invest
Buy the dip!
I repeat by the dip!
In my point of view no one knows but as history has been we might be able to see a long run of Steem in the next current days.
If you see the bigger picture in here
While as the rate is low right now of Steem the most important thing to do right now is gathering as much Steem as possible as for that if you believe in long term strategy than mostly give the posts as 100% powered up and get the payout as Steempower.
While as of now if you want liquid steem than in your account so that once the price rises you can use them in any other ways than just get the possible payouts of blogs in 50/50 and convert the liquid SBD into Steem.
SBD is bound to stay within 1 USD so you will get a lot of chance to collect it but as of this Price Steem could be the lowest and nobody actually knows when it will rise or even go down as it is now.
So use your own logic and invest wisely.
I think the best policy right now is opting for receiving 50% of your rewards in Steem Power and the other 50% in SBD. It seems quite possible for STEEM to go even lower. Because SBD is a stablecoin designed to be kept close to 1 USD in value, the amount of STEEM you can buy with the SBD you hold will go up under that scenario. I don't believe in a bull run starting for quite some time. But you never know and Steem doesn't allow under 50% of your rewards being liquid anyway, so you'd have to power down to get all of your rewards in liquid form which is slow. If STEEM should go so low as to get close to breaking the SBD-USD peg, getting rid of the SBD would be urgent. That can be done by exchanging it for STEEM or fiat via BTC or using the built in conversion mechanism that gives 1 USD worth of STEEM in exchange for 1 SBD burned in a process that takes 3.5 days to complete.
I don't know if you're aware that steem power is same as steem ?
Well, what I'm trying to say is, there are no difference in price for holding steem and Steem power.
But there are differences in terms of usage. You get more power to influence positively on good post when you hold steem power.
The only advantage in holding steem is Instant Withdrawal. And the price of steem isn't pegged. Which means it goes up and down.
Currently, holding sbd doesn't make any difference as holding your fiat . That's just Because I read sbd's price is being pegged to $1.
That's how I see the future of Steem, sbd & Steem power usage.
I am very disapointed about steem price. When i was started steem journey. I wish to be steem price at above 4 USD in december. But the conditions are totally opposite about that.
In this situation i would like to save my steem as SP. The more sp will increase your satisfaction. And you will not think about steem price.
The earned SBD and steem is your hard work. And you will not to be lose in low price.
But in this low price of steem, you USD reward will gives you more steem and SBD to make some more coins. This thing makes you happy in these bad conditions.
Depends on your personal strategy/aims.
If wanting price STABILITY, it would make sense to hold in SBD.
If holding for long term, aiming for capital gains, and have conviction that Steem will rise again, Steem or Steem Power. SP if prefer to utilize it to increase voting power rather than keeping liquid.
I like the idea of being able to earn with steem power. If that is not your strategy then I would say holding SBD is next best as it seems to be holding its value much better then steem at this time.
In my opinion, I think you best bet is to convert whatever you make to Steem Power. I guess a lot of that depends on how long you think it will take for Steem to recover. If you think it is going to be a long time before Steem goes back above the $1 mark then you are probably going to want to hold SBD because it will stay closer to that point like a stable coin.
Personally though, I would rather power up all of my earnings so that when the price of Steem does go back up over a dollar my account will be more powerful than it was. Powering up now is just going to give you more rewards in the long run. I think it is the smartest thing to do right now besides purchasing whatever Steem you can and powering it up.
I advise you to save it in steem, because steem is the main life of every platform. If in the future Steem is above the price of $ 2 for example, you can get multiple profits.
We can also exchange items as a source of power to curate ecosystem communities. You can do it in two ways.
1. You can exchange it directly by adding it to power up.
2. You can exchange a number of steams into loan power loans by renting it from Minnowbooster.net/lease or Bosa also through the blocktrades.us service
In contrast to SBD that is liquidity, and you can set aside a little in case you need it.
All depends on you, you want to make SBD and Steem.
Hopefully this advice is useful.
Convert everything to Steempower. There are lots of opportunities in this. You can have more influence on user posts and earn curation rewards plus author rewards which will increase your Steempower pending the time you decide to power down.
Leaving it in Liquid Steem and Sbd means you can not earn more from it. You just have to hodl till price increase before selling. Why hodl when you can power up and earn something decent from it.
For me the most audacious thing is to power up or save as much steem as possible, mainly because the blockchain of steem is only producing SBD so it is logical to think that eventually the steem will recover its value and become the main asset of steem.
In addition, by powering up, we will be investing in ourselves allowing us to produce and earn SBD without spending anything more than our voting power. I am particularly saving a lot of steem so that I can take advantage of the best time to use it.
Best thing is to convert the liquid steem in to steem power and if you have SBD or earning SBD from your post then go on converting those to steem and that way you will be profitable.
I think November is the best month to invest in steem and it is quite low now.
Thank you and Have a great day.
Holding SBD & Steem is not a bad option either but SBD may be increase and decreased depends upon your luck. So collecting steem is an other good option. It will help you to utilize it wisely. but if you are long race runner and want to earn some thing than. It's best time to convert everything to steem power. Steem power increase your influence and upvote value. Your Steem power will also motivate other people to HODL which minimize the selling of steem & SBD. It's a universal truth no one wants to sit a sinking ship. So let's incease the steem power to show more believe in this community.
I am powering up everything I can. Teh more steem power I have the more i can earn. when the market is really down like it is now is actually the best time to earn.