Are you buying Steem Dollars (SBD) too? Just curious. What is the difference between the two?
Luckily I was able to buy a bunch of Steem (STEEM) last week! :)
Just wondering if others are investing in both or just the one.
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Steem Dollars is pegged to the US Dollar thus should be more "stable" than STEEM.
No matter how well or how badly STEEM does, you can always exchange 1 STEEM Dollar for 1 US Dollars worth of STEEM.
An additional attraction to STEEM Dollars is that it paying out interest at 10% pa.
STEEM Dollars are also liquid. You can cash out anytime. STEEM Power requires you to power down at a rate of 1/104 over two years (see here for a simple explanation).
That's a simple explanation of why people buy STEEM Dollars. A lot of bloggers, will like to cash out in a currency that they can translate to their day-to-day life simply. STEEM Dollars allows that.
Investing in STEEM is like buying a stake in the eco-system. As the network's wealth grows you share in the success. Also it gives voting influence.
STEEM Dollars and STEEM combined offer the best of both worlds. Cashflow and Capital growth.
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Happy with @bitcoincash his question !! And even more happy with your answer, i start understanding it, i think thank you so much !
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I upvote you, too
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i cant find liquid market on steem dollar, can you?
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I was wondering this as well. Thanks for the info! UV and followed!
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I upvoted you.
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What an insightful comment.
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my goal is to build steem power.
This is what you want if your in this for the long run
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around after 2 years of today, a lot of Steam power (SP) is mature and almost everyone cash in their steem since they have waited for 2 years... will it make the value of steem and entire system down at that time?
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Can I convert Steem in my Steemit wallet into Steem dollars?
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I don't have a high opinion of the US dollar, so why should I emulate it with my Steem? I wonder what they are going to do when the dollar crashes and becomes worthless. I'd rather see Steem Silver Ounces.
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Yeah me too!
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