Can someone help me understand what "Power Up" / "Power Down" means in the Wallet section? by dafar

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crypto · @dafar · Jul 10 '16

Can someone help me understand what "Power Up" / "Power Down" means in the Wallet section?

Apologies for the noob question, but I have three:

 - I just purchased some Steem and I see an option that says "Power Up" like the image below. I also see "Power Down" next to the Steem Power dropdown. What do these mean exactly?  

http://i.imgur.com/VIP0iaP.png

- What is the "Estimated Value" in the bottom of the pic being derived from? It says Estimated Value of $33.44 but my Steem alone should be worth more than $60


- What's the different between Steem and Steem Dollars, if I want to trade/speculate on the price should I just deal with Steem? 


Thanks

👍 justtryme90, stealthtrader, dafar, amihay, raghu-nath, gapeborec

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@amihay · Aug 7 '16

Upvoted you

👎 cheetah80, cheetah81, cheetah82, clamps

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@maxb · Jul 10 '16

Power Up = Convert STEEM to STEEM Power
Power Down = Convert STEEM Power to STEEM, not immediately but in batches of 7 days for 1 to 2 years as far as i know :-)

STEEM generally is just meant as a transfer vehicle between BTC etc. and STEEM Power, whereas STEEM Dollars should always be valued at 1$.

👍 justtryme90, dafar, raghu-nath, gapeborec

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@dafar · Jul 10 '16

Thank you

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@gapeborec · Nov 30 '17 (edited)

what is the recommended amount of STEEM POWER to hold on the STEEMit acount? Furthermore, how does a certain amount of  STEEM POWER on the account affact earning potential?
Thank you in advance!

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