Steem Dollars, Steem and Steem Power.

in sd •  8 years ago 

What should I do with my steem dollars? Buy more influencing power, convert to steem? I understand how it works for the most part but not what the best long term investment is. Any suggestions? @dan

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Price of STEEM has increased quite substantially in the last week. Personally I am waiting for a correction in the price before I load up and I will be converting to STEEM power.

I think it might just keep rising it doesn't seem to be a pump..

  ·  8 years ago (edited)

I like the last part @dan hehe good try bro, good try. Joking around, but i would convert it to Steem Power. You will have more value for your up votes and your value will increase in a short time. Making you a bigger part of the community and possibly making more green.

I was just trying to figure this out.. the way I understand it if you have steem dollars you can conver that to bitcoin or steem .. if you convert that to steem, then you have a new steem balance in your wallet..(this takes a week to convert) then you can transfer the steem to bittrex or you can choose to "power up" which means send it to Steem Power

Thanks, that would make sense. A bit complicated but easy enough once you grasp the concept.