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$50 USD In First Week

in steemit •  last year

I made over $50 USD on Steemit so far and a third went to Steem Power (SP) which means like a share or a smart contract with this website, this block chain community which is connected also to the Steem cryptocurrency too. Steemit is cool like MySpace, memorable like AOL, lovely like Yahoo, big like Google, hot like Bing, kid friendly like Nintendo, artistic like Apple, and it will compete with Facebook and maybe also Twitter, YouTube, and later maybe Minds and Gab and Medium and VidMe. Steemit is a bit like Reddit. Steemit might become a bit like Amazon. Me and Brent Groth worked on MeaOmnia.com in 2011 which was going to become something like Steemit and we worked at it for 2 years using Go Daddy and Word Press. We tried. I'm sad I was not the creator of Steemit. Mea Omnia is Latin for my everything and it was meant to be the one social network where you could do everything at more so than Facebook.

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I am trying to send Steem Backed Dollars or SBD to my Bitcoin wallet on Ubuntu and I am trying to learn how to do that and I joined Steemit last Sunday, Fathers Day 2017.
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Are you making more money than me? I got almost 500 followers now here. 20K on Facebook.
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Which cryptocurrencies should I buy or not and why?
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I have no Steem. Should I get Steem? I have some SBD and SP.
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I have no Steemit Savings. Should I keep some here?
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How are you? Are you new here?
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Thanks for reading.
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Joey Arnold
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Right on!

Great...upvoted...
you can visit to my page @futureentech - upvote, restee..thanks

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Great post! I signed up last year but only started getting back into it this week. .. I bought most of my Steem power tho. :D

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good job

congrats on $50.. anyway, Who are they?

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thanks and these are friends I see sometimes in Vietnam

nice post, i just resteemit

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pleasure

Way to go Joey Arnold. Cheers!

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@joeyarnoldvn to answer your question on whether or not to get Steem, the answer depends but, probably not (now at least). You only really want to convert to Steem if you are ready to cash it out or exchange it on a market. Otherwise, Steem Dollars (SBD) are less resistant to inflation, and Steem Power (SP) is a long-term investment that also increases your voting power (and thereby curation rewards).

If you are in it for the long haul, stick with SP as much as you can.

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Why cash out with Steem if you can cash out with SBD?

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SBD is made to be valued at ~1 USD. Steem is not. So, if you exchange for USD, there is a clear winner. The market gets muddier though, because crazy people are actually paying more for SBD. Right now I am seeing the Steem Dollar trading at $1.43, which is higher than it's intrinsic value and thus a great trade to make. I would presume this is largely because outside investors are just buying and selling on the price points without any actual knowledge of the currency or Steemit platform and how it all works.

Also, I'm not so sure you can simply take SBD and exchange directly for USD, though I've not done it with Steem tokens either, so I admit I cannot speak to that so well.

well done!