1 - What did you learn about SteemIt today?
That Steem and SBD are almost at parity which means they are pretty much worth the same so we need to pay attention. If the value of SBD value drops below the value of Steem we need to change our Rewards choice, on our posts, from the default (50/50) to Power Up 100%.
2 - Why did you think that was important to learn?
If we do this we will be getting maximum value from our posts.
3 - What was your approach? What did you do to learn this?
I follow a few people who write about crypto in general in a manner that I can understand (at least some of it) and not end up feeling overwhelmed.
I've just started trying to educate myself about crypto. I've been here 6 weeks so I thought it was time.
Learning about the possibility of needing to change our reward choices was triggered by a post I read this morning. It wasn't in the post but I remembered reading about this somewhere else so I went and checked.
Since writing this comment I was told that this isn't necessarily true
Read more here: Should I Set My Rewards To 100% Power Up
So now I feel I'm in over my head again which just goes to show we really do have to keep learning here.
Don't worry about that. I've been working with crypto for more than a year (only very basic stuff) and whenever I read those kinds of posts I also feel like I'm in way over my head. It's almost like my brain stops working every time I'm trying to figure out about Steem and SBD.
I trust in the community. When something like that happens, there will be plenty of people to lay out the possibilities for us.
But don't let that keep you from learning. Keep on reading and use the examples given to do your own math and test things out. You'll soon get the hang of it, I'm sure.
Thanks for the encouragement @simplymike. That was the conclusion I came to in the end. If we need to switch the community will all be talking about it so I'm not going to miss it. 😊
The numbers are a funny thing. It's like part of me wants to know and understand and my brain just says "nope. I'm not going there" 😁
Same here 😉
Iagree with you completely @gillianpearce! As I was reading your comment, I was like Ah, that makes sense! Then I continued to read and I was like, No, I guess it doesnt! LOL I want to understand it all so bad but like you, my brain says HAHA! One day at a time, one day at a time! :D
Yep, one day at a time is the only way to go @smylie2005. I thought I'd got the SBD to Steem powering up thing handled but today I'm in a total fog about it again. No doubt the light bulb will go back on at some point!
Not even 24 hours later, we see the price of SBD drop below the price of Steem... I'm looking for information on how to deal with this. Please drop me a note if you come across valuable information. You can find me on Discord with the username @simplymike#5957
Will do. My name on Discord is the same as here. I haven't seen anyone saying anything about powering up yet.
I need the numbers that are behind your name to send you a friend request on Discord.
I already sent you a message there. Can't you see it?