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RE: ⤴So i asked : when or is it a good idea to put my SBD INTO SP!? With no responce!⤴
It gives you more voting power, yes.
Currently, I have about ~300 Steem Power, and I can move posts ~$100 if they are already a top trending, and can e.g. move other posts ~$10 if they are at ~$50.
Not only that, if I feel my comment should be heard, I can upvote it and it sits higher in the comment section, which can be useful at times also.
Then, of course, there is the added bonus of larger curation rewards, as well.
Hope that helps.
p.s I am 100% investing all author, curation rewards into Steem Power via 'power ups', in other words, I have an interest in the success of the platform, and the direction it takes in general and am interested in it long term.
Kind regards,
Optimistic
What he said ^^ Im doing exactly the same thing, everything I make goes to SP
Thanks for the replys! So you guys are saying that its still a good idea to put my steem dollars into steem power even though steem keeps dropping and whales are like cashing out right now?! Also is it hard to do?! Thanks again!
@karenmckersie you have nothing to lose, only difference is when you cash out its 104 months instead of all at once. But I read your posts, and you'll be rewarded eventually like the rest of us, hang tight
Oh?! I thought it was 2 years, 24 months!? And how does that work? Do they just slowly every month put the money back into steem dollars?
Yes two years, my apologies, I meant 104 weeks