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Which of the price directly impacts my gains on Steemit ? Is it Steem price or the Steem Dollar price. I get paid in SBD so I should follow SBD more than Steem right ?

Steem effects Steem power. Steem power is more important because it’s was dictates payouts and voting power and much more on the steemit platform, also investing in Steem has more opportunity. It has a drastically larger market cap and more room for profit at the lower price that Steem dollars. Steem dollars is usually just how people pay each other on steemit. Sorry for the late response, thanks for the comment!

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