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RE: 11 Reasons to Power UP STEEM and SBD
I've been on this platform for just over a year and it's good to know about the actual benefits of powering up. I knew it meant a bigger reward on voting others, which is what I want to do but the other 10 things you mentioned I didn't have a Scooby about!
One question I do have is that I have a bit of SBD, I've been told to hold on to it by some, others say power up... can you shed some light on the benefits of doing either? What if I held SBD?
to hold or not to hold, thats a shitty question to ask me. Okay so SBD is supposed to be pegged to the us$, if that peg were to stay in place, holding for speculative reasons is not worth it. However, the peg tends not to hold and the price does go up and down.
I use SBD to pay for some stuff, like my steemsql subscription so I like to hold some for that reason. but what I have spare, I like to power up. And now for every SBD you get just over 2 steem.
It's not that shitty of a question is it? Always good to get an opinion from someone who knows more than you do about it haha
Thanks for answering, I had a feeling there wasn't much point in holding SBD because you can just trade it to get more STEEM whilst prices are down. I powered up all the SBD I had left as it seemed to make sense.
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