BTW, I have to ask, why are you picking 100% Steem Power as a reward? So long Steem Backed Dollars are worth over $1 USD, you're better off picking 50/50 and exchanging your SBD for Steem and powering up.
BTW, I have to ask, why are you picking 100% Steem Power as a reward? So long Steem Backed Dollars are worth over $1 USD, you're better off picking 50/50 and exchanging your SBD for Steem and powering up.
You're right. But the last time I powered up 10SBD I got less than 8 Steem. I was told I should go to the market and convert that way but I keep getting ripped off every time I try to move my money around so I hesitate to do so. Not sure how to protect myself here.
I'd recommend converting via Blocktrades.us then, no setting prices yourself, just presets, so you know ahead of time what you're getting.
Thanks. I'll look into it.
When you set the post 50/50 you get half in Steem(power) and that already calculates in the current prize (right now) 5.50 USD - so, if your post is voted with 100 Dollar (let me igore the 25 or 30 % that are deducted for curators and go the easy way here for the calculation, just to make you aware of the BIG thing) so let us got half and half: 50 dollars are going to be in Steem(power) at the current prize: 50 USD divided by 5.5 = 9 ... so your post will give you 9 steem(power) - but the SBD (Steem based Dollar) so far still pays out as if it was worth 1 USD... right now it is at 7,44 ... so your post will pay out 50 SBD and you can sell them into steem on the market or through Blocktrades (or bittrex etc.) but the market is fine for now.... even the lowest sell is fine... because if you have the post on 100 steempower, you only get 18 steem(power) ... if you have it on 50/50, you sell your SBD and power up... did this make anything clearer for you? Jeeee, sometimes my English is just not what my German is... hope I managed to ring a bell in your head! - and just realized that the prizes I quoted are Euro - so Dollar is even higher... you can check it out here https://www.coingecko.com/en/coins/steem-dollars
Sorry for being so tardy. Other stuff going on.
Your explanation is very clear. I hadn't realized how convoluted the allocation procedure was. It really shouldn't be that way. Why couldn't we just play for points and use them to power up or to convert them into fiat. It makes it way to hard to keep track (at least for me.) Maybe that's the whole point.
I'm a real dummy when it comes to numbers. They've never made much sense to me. Money, either. I'm glad you've clarified this for me, Natalie. Thank you.
I'm so glad it clarified a little bit... your comment is the very first thing I'm reading on my birthday-morning :-) a hug goes out to you - and a big Cheers!
Happy birthday. Hope someone will bake you a cake and then post it on Steemit!
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Don't forget to make a wish. :-)
thank you so much my friend @citizenzero!!! Wish is made :-)