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Here you will find @quinneaker's PROVEN tips, tricks, strategies, insights, and perspectives for achieving sustainable success on the Steem blockchain.
REVOLUTIONIZE your social media experience
EARN CRYPTOCURRENCY for posting and curating unique, quality content
JOIN a cutting edge community & establish networks around the globe
REVOLUTIONIZE your social media experience
EARN CRYPTOCURRENCY for posting and curating unique, quality content
JOIN a cutting edge community & establish networks around the globe
You have immediate access to this entire
STEEM POWERED SUCCESS SERIES!!
Click here to navigate to another topic.
Here's what we will cover in this section:
Section 5: Power UP!
19. Why Power Up
20. How to Power Up
Let's get started!
STEEM POWERED SUCCESS SERIES!!
Click here to navigate to another topic.
Here's what we will cover in this section:
Section 5: Power UP!
19. Why Power Up
20. How to Power Up
Let's get started!
19. Why Power Up
If you are one of the millions of people throughout the world living on less than a dollar a day, then maybe cashing out your rewards to have a living wage makes sense.
If, however, you intend to keep using Steemit and you're not going to die without these extra liquid funds, then it makes sense to reinvest your free rewards by powering up!
The higher your Steem Power (SP), the higher your upvote value. The higher your upvote value, the more you can pay yourself and other members of the community for creative content by upvoting every day.
If your strategy is to power up your earnings, then you compound your Steem Power every day, giving yourself an ever more valuable upvote!
Of course your investment strategy is completely up to you. In my experience, powering up has led to great success.
Remember from Section 2 that if you want to convert your SP to Steem or any other form of currency, you can do so by powering down. A portion of your SP will be paid out once a week over the course of 13 weeks. The power down process can be stopped at any time.
If, however, you intend to keep using Steemit and you're not going to die without these extra liquid funds, then it makes sense to reinvest your free rewards by powering up!
The higher your Steem Power (SP), the higher your upvote value. The higher your upvote value, the more you can pay yourself and other members of the community for creative content by upvoting every day.
If your strategy is to power up your earnings, then you compound your Steem Power every day, giving yourself an ever more valuable upvote!
Of course your investment strategy is completely up to you. In my experience, powering up has led to great success.
Remember from Section 2 that if you want to convert your SP to Steem or any other form of currency, you can do so by powering down. A portion of your SP will be paid out once a week over the course of 13 weeks. The power down process can be stopped at any time.
20. How to Power Up
The easiest way to power up is to choose 100% SP as your payout option when you make a post.
But if you didn't choose that option, or if you are investing Steem or Steem Backed Dollars (SBD) into the platform (see Section 10), you have other options.
But if you didn't choose that option, or if you are investing Steem or Steem Backed Dollars (SBD) into the platform (see Section 10), you have other options.
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If you hold Steem that you want to convert to SP:
Go to your Wallet. Click the dropdown arrow next to Steem, and choose the option to Power Up. |
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A screen pops up to enter how much Steem you want to Power Up. Enter your preference, and hit Power Up.
That's it! The Advanced link shows that you have the option to give SP to another user. |
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Converting Steem Backed Dollars (SBD) to SP is a bit more complicated only because you must first convert your SBD to Steem.
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To convert SBD to Steem:
Click the dropdown menu next to Steem Dollars (SBD) and choose Market. |
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This takes you to Steemit's internal market.
At the top, you can see the last trading price, the 24 hour volume, the highest bid, and the lowest ask. The chart shows recent trading volumes and price points. At the bottom, you can see current buy orders which set the bid price, and current sell orders that set the ask price. |
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To trade SBD for Steem, use the BUY STEEM option. Set a price you are willing to pay based on current conditions and the amount of SBD.
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IF you wanted to trade Steem for SBD, you would use the SELL STEEM option and set the same parameters.
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The exchange will match you to someone who is willing to complete the transaction at your desired price and volume. Your order will appear under Open Orders until someone is willing to accept your terms.
When you have Steem, all you have to do is Power Up from your wallet!
When you have Steem, all you have to do is Power Up from your wallet!
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