Steem 101 help a noob!

in steemit •  7 years ago 

What is the difference between these 2 numbers?

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When it says Buy below am i buying steem for the first number or the second number?

Is the first number permanent and the second one fluctuates why?

What do these numbers mean and effectively do i want to continuously try to increase this?

Please help a noob understand.

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Is this where i reinvest my steem dollars into to build my engine and upvote power? I guess I’m confused as to WHY there are 2 numbers.

Friends @socky @senseicat @davemccoy @themarkymark @kerlund74 @overkillcoin can you shed some light on this noob lol

Thanks community!

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the first number is how much Steem Power you own, the 2nd number is how much Steem Power is being lent to you (Delegated) or how much you are lending out or both.

How do i own more? I just spent a few steem dollars buying steem but i think it went in the other one. Ie went to the (+xx.xx) and not to the above one... any thoughts?

Steem delegates Steem Power when you create a new account and slowly removes the delegation over time. It also looks like @patrice Delegated 50 SP to you as well.

Yes that’s awesome of her. I was getting bandwidth rejections on posts. She was my first steemit friend and you were #2 lol! Let me take a firefly photo here and I’ll tag you. I forgot

When steem is delegated to you is it temporary or to your point will it eventually dissipate over time?
How do you improve what you “own”?

When steem is delegated to you is it temporary or to your point will it eventually dissipate over time?

New accounts get a delegation from Steem which is fairly unique, it is free and dissipates over time ( don't know the exact formula but you usually start losing some or all of it around 30 days). This initial delegation when paired with the 0.500 Steem Power is what allows you to interact with the Steem Blockchain and actually post and do anything. It also gives you a tiny upvote to get you started (virtually zero).

Most delegations though are bought or earned and are hand selected and are in effect until the delegator lowers the delegation amount or removes it. At this point, it goes into a 7-day cooldown to avoid double vote abuse.

How do you improve what you “own”?

  • Post stuff you are passionate about, get upvotes.
  • Power up by buying Steem with another currency

So if im receiving $10 SBD in 24 hours as a newbie what is your recommendation?
A) reinvest it into steem by buying steem on market?
B) ?

  1. you can take it to Bittrex or Poloniex and exchange it for STEEM now at current market price.
  2. Wait and hope for a better SBD price to exchange it for STEEM
  3. Exchange it for some other cryptocurrency like Bitcoin

I see but if I believe in Steem is it better for me to take those earnings and reinvest it into STEEM for my Steem Power? what do you recommend? I guess I am curious is my Steem Power equivalent to owning the Steem coin on an exchange or no?

Do I want to have a high steem power so that I can acquire more steem etc so then at some point cash the steem dollars out for a crypto?

This whole Steem Dollars thing vs Steem Power theme still I don't get. And I'm curious what I should be doing as a NEW user to improve my rating and continue to improve making my Steem Account value go up I guess.