Hi Fellow Steemian

Read carefully thru this Short Post and you will Understand how Exactly steem works.

I will keep the answer as short as humanly possible and to the point.

Let's Look into a wallet:

Using @JerryBanfield's Wallet for an example hope he doesn't mind.

Steem

Steem Power

Steem Dollar

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How it works?

• You only can turn Steem into real money

• You can turn Steem power, within 13 payments throughout 3 months of time into Steem(that you can later turn into cash)

• When you want to cash steem you transfer Steem into Bitcoin and transfer Bitcoin into real money.

• 🅲🆁🅸🆃🅸🅲🅰🅻 🅿🅾🅸🅽🆃 Steem Power Grows in value as Steem Coin value Grows on the Market.

• More Steem Power you have More power you will have Within the Steemit community. Your Upvote will earn other people more money than a newbie's Upvote depending on how much Power you have.

• Jerry's Upvote will be worth around $2, newbies upvote = $0-$0.01.

• It's a lot more valueable for you if Jerry follows you which means potential Upvotes from him in future($0.5-$5 per 1 Upvote) than if a newbie follows you and brings potential $0-0.01 Upvotes since he does not have Power yet.

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So where the heck should You keep your steem moneyz?

Answer: Steem Power. Why? Because Steem Power will grow as Steems Market Cap goes up. If you have $20 in Steem power today, 1 year from now that 20 will be worth $100-$200 (depending on how fast Steemit value will go up)
Just take a look at what the most successful Steemians are doing.

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Jerry keeps his moneyz in steem power

@trafalgar keeps his money on Steem Power.

I can give you a ton more examples but that's not the point.

Conclusion. Don't overthink it. Focus on making as much Steem Power as possible and hold it until steemit value skyrockets, and you are rich.

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Now you Understand Steemit. Please Upvote if you Found this Valuable!

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