how cool, I still don't understand all my steem, sbd and sp, but I have some! ha Thought I was powering it all up, but some is in savings and not sure how to power that up, but am hopeful for the future! Thanks for sharing your story with the gift cards.
Okay. Your posts get paid out in Steem Dollars which should be valued at $1US but due to an odd market event shot up over 10 dollars and is slow to come back down,
You can save them at 0% interest 😕 or turn them into STEEM.
Steem is the token like Bitcoin, whose valuation is made to fluctuate. For the first six months I was here, STEEM was always valued above Steem backed dollars, so when it became worth less in the Currency Market (it's in your drop down menu)
I suggest turning your SBD to STEEM, then 'powering up' by converting the STEEM to Steem power.
Steem power increases your voting power, it's catch is that if you decide to cash out, it takes 13 weeks of 13 equal payments, this is to avoid the major swings in the market, giving STEEM a stability, like pennies in the bank
If the whales are all cashing out, it is a warning to start emptying your own account... But let's hope it never comes to that.
Good luck, happy steemin!
So how can I change SBD into STEEM so that I can power it up, I only see a transfer option or put in savings.. Thanks for your help. I wanted everything to go to steem power.
If you click on the market bottom it will show you the current price the two are trading at, how much you have available. I tend to stick to leave the current price as is if I feel I'm getting a good deal, you can game it all you want, but transactions/swaps happen quicker when you don't try to get more for less. After it is STEEM the drop down will give you an option to power it up.
I see, it use to just have a convert in the drop down instead of the market view. Thanks!