RE: Why purchasing Steem Power and Steem Dollars matters? [Beginners Guide]

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Why purchasing Steem Power and Steem Dollars matters? [Beginners Guide]

in introduceyourself •  8 years ago 

I would spend 100% power up (I am almost 100% powering up) you can view my account here: https://steemd.com/@bigdeej as well as here: https://steemit.com/@bigdeej/transfers

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Done! Thank You!

STEEM POWER is non-transferrable and requires 3 months (13 payments) to convert back to Steem.

I see, it will come back and I won't lose it...

Yes! THAT is why we power up ;)! IF you want to cash it out you get it back over 13 payments over 13 weeks back as STEEM which you can cash out for Bitcoin! It is an amazing way to earn in crypto!

Now I got it 💡, and I guess that must be one of the reasons why steemit is so strong.

You catch on quick ;) I like that! Just wait till next week when we roll out phase 2!

🕶️ looking forward to that :)

I don't understand this power up thing? does it make posts more visible? does it make upvotes earn more?

It makes your votes earn more. As your votes make others more money they are more inclined to follow you and up vote your content, in turn making you more money. I will post a follow up to this post, thanks for reading! Followed you back as well!