Why I Will Not Cash Out My Steemit Dollars And Why You Shouldn’t Too! - Invest Long Term To Make BIG MONEY
Why I Will Not Cash Out My Steemit Dollars And Why You Shouldn’t Too!
As a D Tube and Steemit Creator who makes Steem Dollars through these amazing blog and video platforms
something I wanted to share with you all is why I will not cash out any of the Steem Dollars I make through these platforms.
D Tube and Steemit are becoming more and more popular to the masses and no one has ever seen anything like D Tube which
Is the first video platform I have seen out their that can and will rival Youtube long term especially due to having complete
Freedom on speech which Youtube lacks.
So due to this reason I will hold onto all of my Steem Dollars because the price of Steel Dollars will continue to increase over time
just like Bitcoin and many other cryptocurrencies out their, so for me its a huge long term investment that will maximise the earnings through
the Steem Dollars I acquire.
And the current value of Steem Dollars is still quite low so now is a good time to get into this cryptocurrency before it booms in the future, so you could make urself super rich long term.
Whats your thoughts? Are you spending your Steem Dollars or are you holding onto to them long term? Let us know down below.
Why I Will Not Cash Out My Steemit Dollars And Why You Shouldn’t Too!
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Question is, will Steem go up more than Steem Dollars?
Steem is expected to rise higher than Steem Dollars, at least that is what the whitepaper laid out in the beginning. SBD is supposed to be pegged to the USD. However once it made its way onto several exchanges there is no keeping it from fluctuating. Traders who don't even use the Steem platfroms buy SBD up and send the price through the roof quite often. As of now, SBD seems to be staying right around the same as Steem. There is no telling what will happen in the future to be honest. It could push to radical heights like it has in the past (around $15), or it could stabilize back to $1 like it was meant to exist.
My own know-how and what I've learned here since joing tells me that I should convert all SBD to Steem and power it up; if I plan to commit to Steem for the long-run. That is a lot more secure than just hoping SBD continues to rise, although it is designed to remain stable. Steem itself on the other hand has near infinite potential growth.
Yeah, that's what I do as well. Convert SBD to Steem and Power Up. But not so long ago SBD went through the roof, and I was wondering how that was possible.
We can mostly blame Korean exchanges for hodling excess amounts of SBD. But everyone contributes some.
All i do is power up, power up, power up !!!!
I feel that is the best course at this time.
Oh and try to build up some follower s that will upvote you.
If you are planning a long term strategy then I believe converting everything to steempower would be the smarter play because you then make more money via rewards while still keeping inline with the fluctuations with the steem dollar. Unless you are planning on simply holding steem or steem dollars and never posting or upvoting/curating, then it makes no sense in holding steem or a large number of steem dollars in your steemit wallet.
@conscalisthenics how to Steemit rewards your value creation?