This is freakin awesome for us newbies to Steem and the whole crypto world like myself.
One thing I still am confused about is, how exactly can any of this actually be turned into and actual USD payout? Maybe add that to this graph as well?
At this point by the little I know and understand the only way this can be done is turning your steem into bitcoins than bitcoins into USD? Is this correct?
Personally I want to invest into the long term Steem option, but like myself and others new to the "game" might want to know exactly how this is done.
Is there a future plan maybe where steem could actually be converted into USD directly???
Thanks to anyone who can answer this!
I believe STEEM -> BTC -> USD is the most used option. Some steemians might be willing to buy your STEEM for USD from you, I believe I have seen posts here offering such a service. But of course you'll need to trust them.
When Steem wins the world, I'm sure there will be direct USD <-> STEEM exchange services, it's just that the time is not ripe for them yet...
I laid out how (and some theory as to why) I invested in STEEM here. It is a personal decision though which you need to make yourself; I cannot make a recommendation for others.