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RE: Converting SBD to Steem - Guide for Newbies
Thank you for this great post, so next step will be click "Power Up" and convert all STEEM to STEEM Power?
I have another question since newbie have some SP "borrow" from STEEM so in order to gain more than 15 SP we basically need to "return" those SP to STEEM before we start to gain more SP right?
Yes, so the next step is to power that up. You may not want to power up all of the Steem you get as it does have other uses, but in general if you're planning on being here long-term, powering up is the way to go.
And you're correct again regarding the delegated amount. Steemit gives you a delegation of 14.5 SP when you first start. As you begin acquiring SP and powering up Steem, that delegation will be decreased. It seemed to happen daily for me. So you might get up to 16, but then you drop back to 15. Once you're past 15, no delegation. But that does mean it's all yours and won't go down anymore!
Cool! Now I get clearer as I do notice whenever I get a reward on SP, the delegation part will always decrease and total up is 15 SP. I guess I just have to wait for more SBD and exchange 16 SP at one shot! :)
Thank you for your detail explanation again.
Yeah, that's one way to do it. I considered that. However, there are ups and downs in the value of Steem per SBD, so I just exchanged mine whenever I had it. averages out that way. Also, I know it's tough to feel like you're making progress when they take away just as much as you add, but it feels good to see your part of it growing.
However you do it will be great though! Keep at it. It gets better. :)
Yea I totally undestand it. It takes time to grow and build real followers! :)