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Question answered on Musing.io by valth

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· @valth ·
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Question answered on Musing.io
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authorvalth
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json_metadata"{"app":"Musing","appTags":["leasing","steem","power"],"appCategory":"leasing","appTitle":"What should i do if i have 100 liquid SBD? Should i lease steem power or should i engage bots to vote for my posts?","appBody":"<p>It depends on what you hope to gain from it. I would suggest different approaches to people depending on if they want to a) earn as much profit as possible, or b) want to build a following, and potentially grow as a poster on Steem.&nbsp;</p>\n<p>I'm generally not a fan of bit bots, since these take money from people for themselves, then reward those users with a share of the common reward pool. So we are essentially just lining the pockets of the bot owners when using them, getting a very small return for ourselves. But yes, you could potentially make a profit of it if you are smart with your investments.&nbsp;</p>\n<p>I think powering up to Steem Power is generally a better idea, but it will take a longer time before you turn a profit. However, there are lots of different benefits to this, including:</p>\n<p>- Getting more influence on the blockchain (heavier witness votes).&nbsp;</p>\n<p>-Getting more Resource Credits to allow you to interact more.&nbsp;</p>\n<p>- Are able to upvote your own posts with more money.&nbsp;</p>\n<p>- Are able to sell surplus votes for minnowbooster if you wish.</p>\n<p>- Are able to delegate to other projects, either because you believe in it, or because you want to earn some money.&nbsp;</p>\n<p>- You are able to reward people who engage with you, or people who you enjoy reading.&nbsp;</p>\n<p>- You earn interest on your Steem Power (and not your liquid Steem).&nbsp;</p>\n<p>I guess I know what I would have chosen, but then again, it might take longer to turn a profit with Steem Power (if you manage to invest your liquid Steem smart into the bots).&nbsp;</p>","appDepth":2,"appParentPermlink":"p3k4kmedx","appParentAuthor":"markchu","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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vote details (2)