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  (edited)

Hi bigdeej,

First of all I want to thank you for this post. I am quite new here on steemit and started a couple of days ago to post some articles.

I made a German post with a German Video for my German fellows in order to describe what steemit can do ⚡

This post was shared, commented and upvoted quite well so that it brought me immediately 28 $US. If you like to upvote it as well find it here 😀

I found that very exiting

and I heard that if I will buy steem or steem power I will be able to make even more money. So yesterday I sent about 400 STEEM to my account witch I was holding on Bittrex.

In order to see if payments are working I decided to send first little amounts and after it worked I sent bigger amounts. That all worked very well and I was happy with that.

The only problem I had, Bittrex did not accept my withdraw steemit address. So I had first to convert my steems on Bittrex into BTC. That does not matter here, but if someone can make a statement, I will be very grateful for that.

Anyway, to make a long story short 😀 I pasted a screenshot of my wallet , and would like to ask you, how you would distribute now my account balance.
seemit wallet.PNG

I understood so far, that my steem-power helped to increase my upvotes from 2 to 10 cent. And I also understood that I can use steem Dollars to promote my posts wich I can not proper check.

Would you transfer my remaining steems to my steem-power-account or what should I do?

And all this meanings Power Down - Cancel Power Down - transfer to savings - Market - Estimated Account Value.

I can imagine that many other people have similar questions.

Thank You in advance for your reply and I hope you understand my English...

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I made a post regarding withdrawing STEEM to Steemit here: https://steemit.com/steemit/@bigdeej/how-to-send-steem-from-an-exchange-to-steemit
Thanks for all your insight I followed you and will be sure to cross promote good content as we build the community together! Steem On!

Thank You I will try again :)

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

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!