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RE: Question of the day still confused about steem power
Hey! you can trade between Steem and SBD in your wallet, just click on the arrow close to SBD, steem dollar and then click market.
Steem can be sent out of steemit the same way it came in!
Hope it helps :)
oh yeah don´f forget to power up with your stee! To get your steem power back to SBD simply power down and go to the market again, trade to SBD and its done.
good luck!
Sweet thank you I'll probably buy some around the 1st of January
Sweet thank you so much so if I put it in and decide that I need to pull it out is there a minimum amount of time and has to stay in
yeah if you power up the power down takes a while!
Click power down and u ll see a gauge, indicating how many weeks it will take and how much steem power u will get out per week!
Yep, it means you can power up instantly, but you can only get out of SP gradually. This works for the platform as people can't leave as quickly as they came. In theory this should attenuate volatility, but in practice we are still very much subject to speculative Whales. For that reason I keep a little of everything even if most of my earnings go into SP. Oh, and always go to "market" to make your trades instead of using the "Buy Steem or Steem Power" button. Some guys have already figured out that you get less Steem if you use that option, though I haven't tried that myself. Happy Holidays!
Well that's a helpful little piece of information thank you so much for your comment I appreciate it as do most of my followers.
Do you have a particular Market you would recommend me go to purchase Steem all I have is a coinbase so I can purchase ethereum Litecoin Bitcoin Bitcoin cash there and I've had that long enough where I can buy as much as $15,000 worth however I don't have any other exchange setup.
I haven't made any transfers yet, but some of the guys I knew from YT are using uphold.com since they charge the lowest rates. I haven't checked them out yet so I don't know exactly what currencies they support, but it could be a good starting point in your search. If they do end up working out for you, I'd like to hear back from you. Good luck in your search!
okay sweet I guess I'll give that a try
I know with coinbase I buy the coins and it takes a week to get process before and you can't do anything with it or even see it and in that time the value could either tanker go up.