Hello thanks for the post, I need help!
what do I do if the money next to my post doesn't convert into my wallet? My first post has made over $1000 but in my wallet it says: steem= 0 , steempower = 3.042, steem Dollar=0, estimated value= 11.05 ? I don't understand this can somone explain? I tried to power down and then this Pops up: account registered by another account requires 10xaccount creation fee worth of Steem Power before it can Power down. What is going on? Someone please explain, thank you!
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Yes it is a little confusing so let me clarify. When you start out you only have steem power. This is essentially the amount your vote will change a posts value up or down. As a new person you will not see your votes change any posts dollar values, because you have little voting weight. Some of the more heavily invested user can make a vote increase 300 dollars with a single like. They value creative content.
So let's say you post a unique article and after twenty four hours the dollar value is at 10.00
You receive the following reward:
50 percent in steem dollars which would be 5 dollars in this example) (which is kind of like a mini investment and gains value over time)
and 50 percent in steem power that reflects the current value steem is listed at. More steem power again gains you more vote swaying power.
With stem dollars, you can keep them as steem dollars (again accruing a small amount of steem dollars each day i believe) or convert it into steem that process takes a week from deciding to turn steem dollars into steem so a week later you will have the equivalent value of steem in your account.
Steem can be exchanged on a trading platform, you can view many posts on taking out money with a quick search about transferring steem to usd (or your chosen currency. (Note you will transfer them into bitcoin and then fiat currency like dollars.
You can also instead of using steem to cash out invest it into steem power for a longer commitment. changing steem into steem power can be instant. But to keep people from quickly buy and selling steem power you can request payment, but it is payed out in equal weekly payments over 2 years. so a total of 104 payment not a lump sum. This helps stabilize the value and market to prevent major fluctuation. Imagine if one day someone just decided to withdraw 1 million dollars. if it were instant it would greatly affect the price) So investing in steem power shows you are pretty commited and since people are commited they want you and others to succed because in the long run everyone benefits, anyone has the chance to make money if the post content that is personal engaging funny or both. Think "What would add value to this platform that probably would not be seen on other blogs" The choice is yours and you may get lucky and make someone laugh with a meme, but my advice is to stick away from memes, copying and pasting youtube videos unless you add a review or add value to it, selfies, and similar throwaway things anyone could easily copy or any sort of thing asking for votes. Just be original.
I know that is a lot of info. Hopefully it makes sense and will keep you from getting frustrated as many people do post great content that might not get recognize and be discouraged. Make an introduce yourself post that shows your interests and what you bring to the platform that adds value to it. A well thought out post can earn a large of amount of success so take your time and try your best.
Good to have you here. Good luck
Thank you very much!!! I appreciate that you took the time, you made things so much more clear for me! Thank you very much and good luck to you to😊🙏🏼💕
No problem just #payitforward and when you are able to answer the questions of someone who is new. Even though there won't be a monetary reward (because new users generally start with just the signup bonus unless they unless they have invested money already, which depends if you want to give the platform a try vs. go all out by investing long term into this community (aka powering up - trading dolloars into steem and then into steem power) you are able to do that too or reinvest earnings. The choice is yours :) Try your best to welcome new people and know that they will probably have lots of question. If you see they have a certain interest or talent, maybe give them an idea to run with and post. And if you tell the newer user or users to do the same, hopefully we can create a continuous engaging platform for everyone to succeed on !
Haha actually as much as I will back my advice, you are killing it even more than me and made a great first post. I'd recommend showing your friends (who will be skeptical as will most parents). You can include everyone, but not everyone feels they could write. All they need to do is try and be positive and they will help. But id especially recommend this platform to ambitious friends, dancers, craft makers, photographers. They can decide how they want to treat it. I am constantly writing down ideas unique to me that I feel people may be interested in. and instead of posting them immediately, crafting one or two ideas into a better story. On tuesday only the first four posts you make (comments are still unlimited - thank god!) will receive 100 percent rewards and posts after that in a 24 hour period you can still do but not receive the 100% author rewards. So instead of many memes and goofy pictures, we should see more content that people have spent time really pouring into. Finally any friends who program can make an absolute killing here if they can develop apps, because it makes steemit better, the more tools that are available to everyone and i am happy to see 40k hit by one feature as this will draw more. There's no such thing as too many quality apps for use. THat's all hope to see more content from you!