I'm still trying to figure out the difference between STEEM, SBD, and SP. Could someone explain the difference in simple terms? What are the pros and cons to holding each one?
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I'm still trying to figure out the difference between STEEM, SBD, and SP. Could someone explain the difference in simple terms? What are the pros and cons to holding each one?
Steem is the crypto currency, sbd is a debt instrument that promises one usd in steem, sp is vested steem requiring thirteen weeks to fully redeem and is what gives your vote value.
If, like now, SBD goes up a lot more than Steem in value, and you want to covert it into Steem, do you get more Steem? Or do you lose value?
I would hang on to the sbd, just to see if it rises, even more.
If you are long on the platform then I would convert on the internal market and power up.
We are still very much at the beginning of this ride.