You are viewing a single comment's thread from:

RE: The Kelly Criterion

in #trading7 years ago (edited)

you mean change the posting option from 50/50 to 100% powerup ? I've been giving my steem dollars away anyway, all $1.50 of them lolol

I'd much rather have the power to upvote other people posts than the piddling amount of money that posting makes.

(edit) just checked and I had $5 ! no idea where that came from. I'll never understand the monetary system here...

Sort:  

Now, I'm referring to taking the SBD that you earn from your posts and converting to extra SP. It's better to do that until you have a lot more SP to work with.

Sorry, I've still never got my head around the whole system (lazy). There's Steem, Steem Power and Steem Dollars. Do you mean converting Steem to Steem Power ? or is there a way to convert Steem Dollars to Steem Power ?

Man, they could have made this system easier, I'm sure. And I'm really into money and finance as well, that's embarassing lol.

Yes, you can sell SBD for Steem. Then use that Steem to convert to SP. I should do up another post on that, it seems like that's a regular question here...

that would be good, I wasn't even aware that was possible !... I thought you could only transfer SBD to another user, or into 'savings', whatever that does.

Savings generates interest, but only after you've accumulated a decent amount. Don't use that until much later.

Use the "market" option, you can sell your SBD for Steem. There's a witness, @blocktrades, who also runs an exchange for SBD straight to SP. The exchange rate isn't quite as good as going through the market and buying Steem directly, but it's quick and easy. So take your pick, really...

nice ! thanks for the info. Now I'll need to make another post just so I can try it out :-)