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RE: HELP! 2 small issues I have with Steemit - would love some answers
Thanks mate, I appreciate that. How does that value translate Into hard cash tho? I'm interested in that process, from intangible to tangible.
Well traders give steem value because they want it. Same goes for bitcoin. You can sell steem for bitcoin and other coins the same way you can trade oil for gold for example. You do this at an exchange. If your planning on going to cash you trade your steem for bitcoin. After you have bitcoin you can sell it for cash at exchanges as well. Once you have the cash on an exchange you just withdraw it to your bank account. That's all there is to it.
Very helpful, thanks again. Also just read another post for nubes explaining it further so I think I'm starting to connect the dots. Cheers!