Steem, Dollar, Power. Buy Low Sell High, Long Term Questions [1st time user]
Hello world! I've done extensive digging for days now and have recently joined the community. I've even completed my first long term investment through Steem Power!
Joining Steem does come with some investment questions that Google couldn't help answer. Perhaps you the community could help!
- For short term gain minded people (like myself): Once bitcoin is transferred to Steem (in my wallet), Should I keep it as Steem and wait for the value of Steem to increase then sell back to Bitcoin? Or Convert Steem into Steem Dollars? Is it Steem Dollars that fluctuates with the market?
- What are some of your strategies for investing here? I've done my first "power up". Would you recommend consistently investing my Steem earnings that way?
Any tips, suggestions, links to help my growth within the site would be appreciated.
For other new users -Below are my sources of knowledge.
Sources for knowledge :
- How-to buy Steem - (https://steemit.com/steem/@timcliff/newbie-guide-how-to-buy-steem)
- Understanding Steem, Dollar, Power [user shredlord]- (https://steemit.com/steemit/@shredlord/steem-steem-dollars-and-steam-power-explained)
- Steem Dollar Ticker - (http://www.steemdollar.com/)
I was thinking about the same thing. Thank you very much for the sources! Looking for some advice as well (short term gain). I'll be powering up too
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