So @exyle - advise me please.
I have been buying my way down this slope for days now. I have a lot of cheap STEEM now. I was setting orders and they just filled as the price dropped.
So now I'm thinking I should take some of that STEEM and sell my way back up? Like set sell at .40, .50, .60 etc up to some large number. Then when (if) the sbd price stabilizes - won't I make money again on the way up? Or am I thinking wrong?
I already went from value of $300 to about $750 in the last days or however long this has been going on.
2+ of your free faucet STEEMS are in this big pile I'm sitting on. I am forever grateful to you and I'm going to go get what's in there soon again.
I'm so glad you are doing so well. This is wonderful to see. I don't use a phone so you will have to app without me, but I know you will succeed.
The account value is based on a Steem price average of 3.5 days. STEEM went up so much this week and that's why your account value went up so much these last days.
You did well buy STEEM with SBD. I have done the same. The price of STEEM did not drop btw....the price of SBD went up 10x so that's why it feels that STEEM was cheaper while it was not in USD.
You can indeed buy back sbd when it drops back and then you have more SBD then you had before. Me, I'm keeping the STEEM I bought. I think it's a dream come through being able to buy more STEEM with these SBD prices.
Well, for me - I'm thinking increasing the value of my account is important. So I have like 150 STEEM now and I would only sell maybe 30-40.
Will you keep buying STEEM all the way back up to $1 assuming that's how we go? Should I only sell over a dollar? My average cost is probably about 20 cents for what I have now. So If I sold at .40, wouldn't that double the money again?
This is all "free" money so to speak, if you count my labor for it's usual zero :)
I'm also completely stuck in here, so I was going to use some of this bonanza to open a few wallets so I can at least get money out if I ever want to. Steemit is my first entry to crypto and I have just been ignoring the money side until now for the mot part. I have just tried to maximize rewards over time, but there was not enough to even think of using some until now.
My son has a wallet and I transferred $25 sbd to him a few months ago but it is stuck in his coinbase wallet for whatever his problem is. It's in btc, so maybe he is rich by now. Then I transferred some SBD to @mariannewest and she converted to USD and drove it over to my kid since she is in the same city. That was a very successful transfer but not scale-able :)