Lets do our part to keep the price of STEEM rising while earning additional rewards in the process.
I've been taking a browse down trending, new and hot and still notice way to many of these.
The indicators that a post is 100% powered up.
That was a good strategy when the price of STEEM was declining but it is a very poor option to choose right now and someone who currently uses it deprives themselves of the opportunity to benefit themselves and the ecosystem as a whole.
Here is a ping to some of the members currently with posts on trending that are using this option.
We love your commitment to STEEM demonstrated by doing 100% power up posts, but you can benefit the ecosystem more by not doing them.
There are two reasons for this, the price of STEEM is rising but more importantly a STEEM Dollar is worth more than $1.
STEEM Dollar is fluctuating at roughly one and a half times its peg value. So right now after our post pays out we will be able to get a 50% bonus on the SBD portion of our author rewards. That's 25% bonus on our author payout for doing virtually nothing.
That's what is great about SBD right now
...and the pegging is not likely to be aggressively defended, on the upside, in the near future, therefore SBD is likely to trade well above its backed value of $1 for some time into future.
So by not doing our 100% powered up post we get our 25 % bonus payout simply by selling them, that's also when we benefit everybody else.
SBD are created when our post pays out, that way our post helps to create more SBD and increase the overall supply of SBD and its market capitalization.
High SBD levels are only a problem when the price of STEEM is very low. In the past no new SBD was being printed as a result and everyone was encouraged to burn SBD by doing SBD to STEEM conversions.
Conversions reverse the SBD creation process.
Times have changed and the market speculators appear to love SBD.
We all help the ecosystem by creating SBD with our posts right now, but just as importantly, selling SBD creates BUYING pressure for STEEM.
Selling SBD can actually raise the price of STEEM.
This is the real positive about SBD (in a climbing market or when SBD is trading above $1). It's also the downside when prices are declining, it accentuates things.
Right now SBD is accentuating in the right direction and we should leverage it as much as possible.
We can sell our SBD for STEEM most simply on the Internal Market and then power it up along with our 50% bonus.
Getting more bang for our SBD buck
The prices on the internal market fluctuate with what's going on on the external market and barring very sharp rises and falls we are likely to get close to the equivalent, as if we had moved the SBD to an external market like bittrex or poloniex, bought bitcoin for SBD and then bought STEEM with BTC.
Selling SBD and Buying STEEM either on the internal of external markets creates buying pressure because we are taking STEEM out of willing sellers hands and powering it up. The more we buy, the less sellers have to sell and we end up doing our part to increase the price of STEEM on the markets.
An increased STEEM price benefits everyone.
The reward pool fluctuates in Dollar terms based on the market capitalization of STEEM.
Very simply, the higher the price of STEEM the more rewards in dollar terms there are to go around and the more everybody's posts will earn.
In these market conditions SBD creation creates a virtuous circle.
Lets get or best bang for our SBD buck, both for ourselves and for the entire ecosystem.
Help educate others by reminding them of missed opportunities.
Edit: also DON'T use the convert to steem option, check out this excellent post on that here