RE: How to Delegate Steem Power the easy way if you have over 30 SP you can delegate. (Minnowsupport)

[keshawn]

hey sir, i'm a newbie from philippines can i ask a question?

• what exactly will happen if we Power Down our SP?

thanks sir.

Comments

[sevenstars]

Hi keshawn,

I believe I could help with your question. Powering down your SP basically converts your SP it back to STEEM, but over 13 weeks. Once you have your STEEM, then you can sell it for bitcoin. The thing is, SP is a better long term investment, so keeping your funds mostly in SP will benefit you the most for the long term.

[whitesj40]

@sevenstars since you are volunteering information how do you convert Steem Dollars to Steem Power?

[nepd]

Use the market button to use the steem dollars to buy steem. Then power it up.

[sevenstars]

What he said ^^

[whitesj40]

Brilliant Thank you both.

[keshawn]

13 weeks? too long... Lol, so you're saying that it's better to stored/preserve our SP to make a long term investment? how about converting SP to USD... can i do that sir?

thanks for this sir,

[zeartul]

Yes long term hold steem, and you get high weight on your votes.

[keshawn]

ok sir, thank you so much!!

[zeartul]

Thanks for responding! Great response.

[sevenstars]

Thanks @zeartul. Btw protoss was my favorite race to play in SC. I loved doing dark templar drops on the suv/drone/probe lines. Sometomes I'd even add a few dragoons to distract people from the DT's for those few extra seconds.

[arcaneinfo]

It means you're withdrawing steem from the steem power balance. As a new user powering down doesn't pay much steem at all and really is pointless, cheers!

[getpayed777]

What is it im new. To steemit

[keshawn]

ohw.. now i get it... lol, thanks for your information, atleast now i slowly understand how this steem works.