Trading Steem for SBD when Steem price is down?
I would like to know how it is that SBD are effected when the price of Steem is down?
I ended up purchasing 250 Steem since the price is down! yay!
Now would it be a good idea to trade my newly bought Steem for SBD at around $1.06 and then wait for the price of Steem to go back up. At which point I would sell my SBD at the higher Steemprice?
If anyone has knowledge of the internal market I would really appreciate your input! 😊
Thank you so much in Advance !
You don't want SBD, cuz it's pretty much limited at $1 price
I see, so is it better to hold Steem or convert to steempower?
Steempower is a trap, you can only cash out all in 2 years time, so I suggest holding Steem and if it goes up sell it for BTC on bittrex or other exchange
Oh really? I thought it locked it in for 3 months...hmm. Holding Steem. Thanks!
good post