Nope, but it's wiser to do 50/50 since Steem Dollars are selling at a premium above 1 USD in bitcoin terms. So effectively u can actually gain more steem by going 50/50 at the moment instead of 100%
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Nope, but it's wiser to do 50/50 since Steem Dollars are selling at a premium above 1 USD in bitcoin terms. So effectively u can actually gain more steem by going 50/50 at the moment instead of 100%
Oh that's a really good tip!
Just to be sure - you mean it's better to collect SBD, and then manually turn them into Steem Power later, yes?
And what's the right way to do that - use the "market" function in the wallet to turn them into STEEM?
I recently used the "convert to STEEM" function in the wallet and lost half of my SBD value. That's why I thought it's better to power up 100% directly.
(There should be a warning that you lose half of your money if you use the Convert function, to protect people, I think.)
Oh don't use the convert to steem function. You can either send SBD to poloniex and sell it for BTC to buy Steem on that exchange, or use SBD to buy Steem in internal market. Have to check where's the best price though!
The convert function is averaged out over 3.5 days. So if the price is going up in that 3 days, you'll end up buying up more expensively. But if price goes down then you'll end up with more Steem. but generally, i'll just stay away from that function.
Thanks Kevin! You live and learn... ;)