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RE: Use Higher Value Of SBDs To Your Advantage To Buy Steem!
Why wait until you have 100 SBD? If you keep exchanging SBD for SP the whole time, it will make it easier to earn faster, right? I like to leave a little SBD free for transactions, but I usually trade in batches of about 5 SBD or even less when the ratio is good.
It's worth to wait the right moment to exchange SBD for STEEM
When SBD was at $11 while Steem was at $2 was a good time to exchange.
Had you exchanged them 1:1 a few days prior, then you wouldn't have made the same amount by author/curation rewards.
Of course SBD is supposed to be pegged at $1 USD, so their are no guarantees.
IMHO, it's as much about the ratio between Steem and SBD as it is about the USD value. You're right, that it's better to exchange when the SBD value is higher in relation to the Steem value, and I do look for that. Honestly, I sometimes just power up so I'm not tempted to spend the Steem. :)
I have to agree with your approach. Reinvest in yourself so you can earn more. It also shows support for Steemit as a platform and a community.
You are right but i use the sbd for upvote bots to give my account a boost. without them you know how hard it is to get moving...
Yeah, me too. (sigh)
GOOD Point, mate !
Upvoted you, as I thought this is a good #tip on #STEEM
If you want some cash or other cryptos like bitshares, it seems better to trade SBD than Steem , right? But how to change your steem into SBD?
If you want to trade liquid steem to SBD, you can do it through Blocktrades.US easilly. If you're talking about Steem Power, you have to read up on how to power down first.
Thanks you! Still don't know if it is better to trade steem or SBD for other cryptos.
I'm still just working towards powering up my Steem account. I traded a tiny amount for BTC just to make sure I knew how. I'm in the US, so I went Blocktrades -> Coinbase but I'm not saying that's the best solution. It's just what I did. I'd love a less-clunky and fee-taking solution.
I guess you have to define your goals. IMO, even if the value of other cryptos fluctuates, we can still (hopefully) achieve positive growth here in our Steem accounts. I don't think Steemit is a get-rich-quick solution for must of us, but I believe it has potential. At least, I hope it does.
II thought to play with my steem earnings a bit around, why not trying other coins? I am not really in trading business.