The thing I'm struggling most with Steemit at the moment is the financial side of it.
I keep going to power up but then chicken out because I have no idea what the figures mean.
I have been able to find lots of posts about how to power up but not really about what difference it makes with real examples, when not to power up, what the figures mean when you go to the market page etc. etc.
There are dictionary type explanations but when you don't understand the bigger picture a definition is not enough.
Also, I have suspect that a lot of the stuff I read doesn't really make a difference to a new minnow.
It would be really good to see something about what the real implications are of powering up/not powering up when your numbers are low.
i don't get what you mean,
powering up means of supporting yourself in terms of upvoting your own post and influence.
if you have enough sp, and can give about a minimum of $1 per upvotes, then that is a power to your post to be visible,
less steem power means less influence and less self upvoting support to your post,
Ah ha. And there in lies the problem. It's obvious to you and most people who talk about this stuff. It's difficult to express myself because I probably don't even understood the basics of trading/powering up/upvoting.
But let me see if I've understood what you've written. Are you saying that once my upvote reaches $1 then that is enough power to be visible?
And what do you mean by visible? Is $1 upvote sufficient to appear in the hot tab for example?
Currently my upvote @ 100% is 0.01 so let's say I wanted to make that $1 right now. How much would I need to earn/buy to take it up to $1? These are the sorts of examples I was referring to that are hard to come by.
And, if I wanted to increase my upvote would I do it by buying Steem or SBD?
Thanks for your patience. 😁
there will always to types of visibility here, one is tru investment of money to power up your account so you can upvote your own post and it will gain attraction or visibility. the second one is by engagement tru commenting other steemian post but not by spamming, and this require hardwork,
for current estimated calculation, 500 sp will give you $0.25+ per upvotes, so maybe a 2000 sp can give you more than $1 per upvotes.
sp or steem power is came from steem. if you have sbd then you can convert them into steem in internal market then power up,
most new users here in steemit should power up there account at least a minimum of 500sp so they can adjust the voting power they give,
Thanks so much @albertvhons. That's REALLY helpful to have some real figures to look at. This is what I was trying to say is missing in most of the information I've read. It helps put it into perspective.
I'm earning SP by engagement, commenting and contests at the moment so I can see it's going to take me a very long time to get to 500 SP, let alone 2000!
Something to aim for though. 😁
posting high quality post can help to gain sp but at our current steem price, it will take few months maybe if all your earnings power up,
slowly and keep steeming, you will reach that,
I can see that now. That is why showing me the actual figures is so helpful. One last thing, if you have the time, no problem if you don't . . .
Having never made a crypto trade of any kind (so I'd have to learn how to do that 😁) if I went out right now and bought steem/SBD so I could power up to 500SP how much would it cost me?
As I say, no need to answer if it's takes too much time. 😁
you can go here https://coinmarketcap.com/ and seach the current price,
currently steem is almost $5 and sbd $6.23,
500 sp is around $2500