POWER UP 100%
With the price of STEEM currently being so low, you should be powering up 100%
Power up option
Alot of new members, may not be aware of this option on your post. At the bottom right side of your post, there is a box, that box probably has 50 /50 in it. You can change this box by clicking on it. Once you click on it, a drop down screen will show up. In that screen you will have 3 options available to you, decline payment, 50 /50 and power up 100%.
Decline payment
It means just what it says, if you click on decline payment, then you will not receive any rewards for your post.
Default (50% / 50%)
This means that your rewards will be split 50% in steem backed dollars (SBD) and 50% steem. Steem backed dollars are pegged at the $1.00 USD. Steem is what ever the current market price is. Here is an example.. let say that steem is currently @$2.00, and keep in mind that SBD is always pegged at $1.00 USD. your post is getting ready to pay out, it is currently @ $40.00. You will get 75% of that $40.00. So we are talking about $30.00 being split 50 / 50. So you would get 15 SBD and 7.50 STEEM power.
Powering up 100%
This means that your 75% of the rewards will be paid in STEEM power. So using the example from above your $30.00 reward would turn into 0 SBD and 15 STEEM power. Can you see the difference?
STEEM is currently close to $1.00 USD in price.
With steem being so low right now, you should be powering up 100%. Steem is what you want, the price will go up and down depending on the market. SBD will always be close to the $1.00usd in price.
So with steem being so low, you will beable to accumulate more STEEM power by powering up 100% the going with the DEFAULT OF 50% / 50%...
It's all about STEEM POWER.
The more steem power you have, the more your vote is worth. The more steem power you have, the bigger your curation reward will be. You get the picture? You want STEEM power not SBD.
FEEL FREE TO COMMENT AND IF YOU HAVE A QUESTION FEEL FREE TO ASK
Follow me @raybrockman
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DON'T FORGET TO UPVOTE AND RESTEEM
Good advice Ray. I'm going for it next post. Now, can you call poloniex and tell 'em to get their steem witdrawl working again -- i mean sheesh!
U'd and R'd
Its all about that steem.....
Doing it... holding back on U's for a bit -- i'm down in the 50's...
Cant help you with poloniex, i have not heard many good things about them. I have never used them.
I have made literally hundreds of trades (prob a couple thousand...) i have been trading there since Jan '16 and never lost anything, but there are rumblings in the community...
great tip thanks for sharing this it makes 100% sense :)
Your welcome
such good timing for this info. in my latest post just a few min ago i asked steemit ppl why when i upvote the post of other members i don't see that numbers of the post's cost increase (only sometimes they do)
i got some very good explain and now your post about !
thank you !
Welcome.
So, we don't want to get SBD at the lower price and hope it goes up as we convert it to STEEM?
Good to know.
SBD is always going to be @ around a $1.00, STEEM is what goes up and down and with it down right you will get alot more steem for yiur dollar on payouts
Thank you for this post @raybrockman. The only problem is that if you need your SDB, I am really depending on this few dollars extra income. But will remember what you said. If I am a bit better off I can power up. Will resteem.
Thanks for the visit and comment @scotty777 , you are right, if you are using steemit as income then you should continue to use the 50 / 50
Cool, i thought the 50/50 meant you was sharing the author rewards with those that voted you up, i only want the dollars for the steem (i say dollars lol) so power up all the way :)
Yes, but keep an eye on the price of steem, if it goes up to high then convert back to 50/ 50
how high are you talking about to switch back to 50/50 ?
I would change back @$1.75 or higher.
thanks ray i will change my settings :)
Thanks for explaining that in a simple way.
Your welcome, thanks for the visit.
You are welcome. I Powered UP and Resteemed your post to encourage others too! :-)
Good stuff my friend! The price has been pretty volatile recently!!! I saw $1.50+ within the past few days and like $1.06 not too long after that!
Yeah, I hooe it doesn't drop any more.
I try to buy small amounts when I can instead of just going all in because I never know where the bottom might be.
thanks for the info ,i will give it a try and see how it goes.
This has helped me out so much. Thank you. I always wanted to know what that was for as have left it on the 50/50 in case I messed things up. Thank you again
You are welcome @welshstacker.
OK I've done a new blog at 100% but my next question is - under the drop down box is a tick box with upvote. So do I tick this and is this upvoting myself? Thanks again(in advance)
Only click that box if you want to vote for yourself. By clicking you will auto vote yourself.