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Which minimum Steemit Power SP do you suggest we should hold before mining our Investment ; why? by nathen007

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· @nathen007 · (edited)
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Which minimum Steemit Power SP do you suggest we should hold before mining our Investment ; why?
<a href="https://musing.io/q/alaisguineasis/f38xyvyaw">View this answer on Musing.io</a><br />
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json_metadata"{"app":"musing/1.1","appTags":["Steemit","SP"],"appCategory":"Steemit","appTitle":"Which minimum Steemit Power SP do you suggest we should hold before mining our Investment ; why?","appBody":"<p><strong>Hi my old question Ninja friend :-)</strong></p>\n<p>This all depends on personal circumstances and your reasons for being on the platform and on this point, I will make a huge assumption based on your question that it's more to earn money than as a long term investment.</p>\n<p>Firstly, you need to decide how active you are going to be with your posting and engagement, as you need enough RC credits to be able to perform your planned activities. For this, I would imagine that 250SP would be enough to do whatever you wanted withing reason, a couple of posts a day, dozen comments and plenty of upvotes.</p>\n<p>Secondly, decide if you are going to invest in bid bots to upvote your posts, you will need a constant supply of liquid Steem for this purpose, it will all depend on whatbyour posts are earning but I would certainly aim for a 250SP bank.</p>\n<p><strong>But wait......</strong></p>\n<p>I'd urge you to look upon this as a long term investment too. Cash a little and save a little, build up your SP if you can. I think everyone here believes that Steem has long term potential for massive growth, don't forget that this time last year, Steem hit $7. So try if your personal circumstances allow it to save a little.&nbsp;</p>\n<p><strong>However........</strong></p>\n<p>Steem you earn here is yours to do as you please.,That's your right so do what you feel is best for you and don't be swayed by others judging you if you power down or cash out</p>\n<p>Good luck here on the Steem Blockchain, I wish you every success but the best advice I can give is to first <strong>ENGAGE</strong> with people by joining communities and commenting on others posts and slowly building up your own portfolio of posts. It takes a lot of time and hard work but the rewards will come so be patient and take things one step at a time, aiming for a nice cushion of SP so you are not restricted in what you can do by RC limitations.</p>\n<p>Thanks for a great question once again!</p>","appDepth":2,"appParentPermlink":"f38xyvyaw","appParentAuthor":"alaisguineasis","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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@alaisguineasis ·
Which minimum Steemit Power SP do you suggest we should hold before mining our Investment ; why?
<p>Thanks@nathen007. Your advise are quite exhaustive and worthwhile. I will never take them for granted.</p><p>Best Wishes of 2019 to my Pal.!! Thanks Again.</p>
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