RE: Top 10 Cryptocurrency Questions and Answers!
Do you mind expanding your article with the next one and answer few more questions, that first times have? How do I know? I'm one of them :-) Questions:
1 - Say I want to keep portion (or all) of my earned money here on steemit ecosystem for a while. Say year or two, no rush... What is the best option for me? What are experiend users doing when they decide to keep STEEM's? Should I:
a - just keep everything in SBD's?
b - should I convert them to STEEM coins?
c - should I convert to steem and move to steem saving account
d - should I power up (say I'm wiling to have steem for year or two minimum), can I later cash them ALL out with 13 weeks power down process? (not quite sure about this)
e - something else, please advise :-)
So what are pros doing, with the earned part that stay in steem ecosystem?
Basically what I'm asking is, what are the benefits, pros and cons for each option, so i can figure out which one to use
Power up to Steem by converting any SBD to Steem! I have powered up more than have of my SBD to Steem and then Steem Power while selling some to pay taxes and keep in case of a big price drop.
" Power up to Steem by converting any SBD to Steem! "
Just to be sure I understand, you are not talking to convert to STEEM, but you are talking to convert to STEEM POWER, correct?
And if I want year or two later cash some out, I can always power down and get money back (whatever will then be the ratio) with 13 weeks long procedure, correct?
STEEM POWER
Exactly!
Great, thank you very much!