@cryptoctopus,
"Keep Your Cool and Accumulate SteemPower When SBD Is Up"
I never think I am a day trader! If I do day trades I will be the worst one from all! So, HODL is my passion! When SBD UP it's best time to buy STEEM and when STEEM UP it's bes time to buy SBD! So, this is an iterative process!
As you said, I am also a father! So, I will keep STEEM as a long term investment to make his life a heaven!
Cheers~
Can you elaborate on this further. I am somewhat new to this steemit and I am still somewhat confused about the difference between steem and steem power and steem dollars. Not to mention the savings.... I guess that is just a feature that is currently not active.
STEEM: Liquid cryptocurrency
STEEMPOWER: Vested STEEM that gives you influence on the rewards (when you vote.
STEEMDOLLARS: Used to be a somewhat stable value worth at least $1 of Steem.
@theguruasia,
STEEM - is the coin which is work on STEEM Block Chain
STEEM POWER - earning from our posting divide as 50% 50% Steem Power = STEEM is going as an investment (We can withdraw it in 13 payments) to convert back to Steem.
STEEM DOLLAR - is the liquidity, 50% of posting rewards will credited as SBD and you can withdraw it anytime!
(I am not an expert in describing things, hope @cryptoctopus will correct me if I am wrong
Cheers~
my confusion lies in the recent post by the same author.
https://steemit.com/warning/@cryptoctopus/never-ever-use-the-convert-to-steem-button-always-always-go-on-the-internal-market
I am asking because I did what this above post says not to do (convert steem to SP). I can't figure out how to purchase and trade these currencies relative to one another. If i shouldn't convert Steem to SP; what is a the difference. Can someone give a real life scenario. Maybe use current market prices.....
https://steemit.com/interest/@sigmajin/understanding-the-steem-economic-system-vests-sbd-steem-dilution-interest-and-all-those-crazy-things
*edit This link helped me