Thank you for your article, please as a new user I want to ask. Between keeping your Steem in your wallet and powering it up to sp which is better assuming you don't want to take it out as fiat currency for a while? Thank you
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Powering up is the best idea because it does a couple things for you.
To start, the present inflation rate is 9.25%. To prevent the holders of SP, ie those who invested in the platform, from suffering a loss, they are protected from that by receiving additional tokens.
Also, as your SP increases, so does your VP which means you can upvote at a higher amount. The amount of SP is what determines your "contribution" to the blockchain hence, the more you have, the better it is for you.
Keep in mind if you do need the money, it is a 13 week scale down system...meaning you get 1/13th your money each week. This prevents massive runs on STEEM while also protecting against one's account being wiped clean if someone else gets your key.