I am writing this post for those who are not clear about which one to choose. I made mistakes before. I don't want you to make the same mistakes.
Let us look at the different choices for post rewards between 50%/50% and Power Up 100%.
- 50%/50% - This rewards in half STEEM Power, and half liquid STEEM / Steem Dollars. The ratio of liquid STEEM to Steem Dollars rewarded is based on network conditions at the time of payout. This is the default payout option.
- Power Up 100% - This option rewards the post in 100% STEEM Power.
Example
Let us assume your post has $100 payout as shown above. In the current market, if you chose 50%/50% payout 7 days ago when you first posted, you get a payout of 296.64 USD (50% SBD + 50% STEEM) now. On the other hand, if you chose 100% power up, you only get 75 USD (50% STEEM + 50% STEEM).
The difference is almost 4 times in current market! In another word, you have just lost 75% of your payout if you chose 100% power up.
In conclusion, you only choose 100% power up if you predict the price of STEEM to be less than USD 7 days from the time you post it. In another word, you predict you can buy more than one STEEM with one USD in 7 days. Current STEEM price is 6.09 USD. It's very unlikely the STEEM price will drop below one USD in 7 days so I would choose 50%/50% for now. After the payout, you can then convert the SBD to STEEM and then Power up!
Please also note that you can't go back to change your choice between 50%/50% and power up 100% after you post it.
I hope this helps as you try to navigate through steemit platform among many other new things to learn! I'll make another post when it is time to be better off to choose 100% power up. I hope it will never happen.
Please let me know if there are any other topics you would like to see. Simply make a comment to let me know and I'll do my best to cover them in the future. Thank you!
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