Can we Make The Most of our SBDs higher In a going down value on steemit ?

A lot of fuss has been going around steemit in the past few months.
Steemit is kind of a social news platform that pays users with a digital currency called Steem for posting and upvoting good content.

The problem as I see it with Steemit, is that the concept is just too hard to grasp. There are too many confusing concepts.
For example, you have Steemit which is the platform, Steem– the digital currency, Steem power Steem dollars and it all becomes one big mish-mash of unexplained terms. In the end, the average user who wants to get started with Steemit is left confused and leaves the platform.

Steem– Is the basic cryptocurrency used to power this whole system. It’s like the bricks used to build Steem Dollars and Steem power. You can buy and sell Steem, speculate on it’s price or convert it to Steem dollars and Steem power. But if you’re not looking to speculate on the price or if you’re not cashing out your Steemit earnings, you don’t need to deal with Steem directly.

Steem dollars-This is the currency of the Steemit platform and is also known as SBD. This is what people send to one another when they upvote posts on Steemit. The reason it’s called Steem Dollar is that 1 Steem dollar represents any amount of Steem required to reach 1 USD depending on the exchange rate at that time (more or less).

Steem power – Also known as SP, in short, is basically a crypto asset created on top of another blockchain symbolizing how much influence you have inside the Steemit platform. If you have a lot of SP your upvotes will count more and will award different authors SP and Steem dollars as well.

Powering up – means getting more SP either by upvotes or by buying it via Steem.

Powering down – means liquidating your SP into Steem.

can we Make The Most of our SBDs In a going down value on steemit.

I know many of us are hodling our SBDs in hopes that it will go up. But chances are that it might not go back up over 500pesos or $10, some insane figure you are expecting it to do. When SBDs first pumped up a couple of months ago, the circulating supply was very low.

It isn't the same case today! Infact the supply has more than doubled in the time frame owing an increase in the price of Steem. As Steem continues to rise in its value, a higher number of SBDs are printed to be distributed to the users of our platform.

Thanks to @bobiecayao, for mentoring me.

@surpassinggoogle is such a generous person and has a very big heart for all of us here. Please support him as a witness by voting him at https://steemit.com/~witnesses and type in "steemgigs" at the first search box.

If you want to give him witness voting decisions on your behalf, visit https://steemit.com/~witnesses again and type in "surpassinggoogle" in the second box as a proxy.