Steem WALLET - I Need Assistance
This is what steem wallet looks like;
AccountName's Wallet
BALANCES
STEEM 0.00
Steem, tradeable tokens that may be transferred anytime.
STEEM POWER 0.00000
Steem power, influence tokens that earn more power for holding long term and voting on posts. The more one holds the more one can influence other's rewards and earn rewards for accurate voting.
STEEM DOLLARS 0.000000
Tokens worth about $1.00 of Steem.
Estimated Value 00.00000
I don't have the clear understanding about the wallet. I don't want to pretend, I really don't understand how this things will work. It is very important for me to understand the things that are found in a steem wallet.
What is estimated value? How do I know my earnings?
Please I need to know how to do these things, how to generate a payment ( is it automatically given or you need to generate a payout for yourself?) How are we going to deposit steem and steem power.
I'm sorry I tried looking at the pop up menu for instance steem / steem power but I don't understand the things that I am seeing. Forgive my ignorance, I really need somebody's help, I need a very detailed information/explanation on how to?
Wallets are publicly visible there is no need to hide your 10.57 steem power :)
Steem and steem dollar can be exchanged for bitcoin instantly, steem power can be withdrawn every week within a 2 year period , steem power interest is 90%/year, steem dollar interest is 10% per year
When you are rewarded for a post you get 50% in steem dollar and 50% in steem power, you are also rewarded for upvoting good content
Im ashamed of steempower :) How to exchange steem and steem dollar for bitcoin and how that 2 (steem and steem dollar) be given value?
There is a lot to read here but you should invest time into if u want to know how things work.
https://steemit.com/steemhelp/@lehard/steemit-for-dummies-5-simple-steps-from-beginner-to-steemian-80-lvl-50-useful-links-2-edition