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RE: Newbie questions. Appreciate helpful answers!

in #steemit8 years ago (edited)

He's right... your amount of Steem Power governs the power of your votes. Steem is what you can trade (sell). If you want to convert steem to Steem power you can power up. That increases your voting power. That's what I did. It depends on your strategy. I take a long term view. I'm looking to stay in for a long time so I want voting power. If you're looking to cash out soon (bad idea seeing how steem value keeps going up) you need to stay liquid. Hope that helps some. Also, to convert SP back to steem (powering down) it takes a long time.