For someone like me who loves the market...
I cannot believe that I did not realize that I could increase my account's value by trading my active STEEM for SBD and vice versa! WTF!?!?!? I must have lost my damn mind! If you too, are unaware of this beautiful feature, go to your steem wallet and click on either your active STEEM or your STEEM DOLLARS savings accounts and select market. You can see market depth here as well as trade history and price. Because of the swing in value between STEEM and SBD you can actually make a profit trading back and forth within these two trading pairs quite safely!
Just wanted to throw this out there for all you Steemians who might not be aware, like I was not. Buy SBD when it is low and you suspect that STEEM has reached a peaking point, and when the opposite is true, flip the script and buy STEEM again! This is a great tool to add to the arsenal of our investment into STEEM and the community! Increase your accounts value by posting great content, and pair this with trading the swing between STEEM and SBD to increase those profits simultaneously! What a bangin' deal! Have fun fellow Steemians!
Do not act on any market advice or information without first doing your own research. I am not responsible or liable for any financial gains or losses that you sustain using this or any other investment strategies that I post or have posted. Trading and investing is dangerous, especially in cryptocurrency markets. Do so at your own risk.
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Hi badseedalchemist, STEEM/SBD Market (I know!)
Please don't give advice so lightly to make strategies on trading market. In many countries what you wrote is outlaw without appropriate disclaimer. You can't know who read your words, give anytime caution advice and disclaimer.
Roger that will make sure to include
Yeah I should just use the internal steemit steem/sbd market more often too. Thanks for the reminder! I have used it plenty of times in the past, and I Heard they will get SBD back to 1, & actually a little over! lol
So today is not a good day to switch since steem is down a little? Maybe all the new high days will be good for swapping to SBD?? ! STEEM going up to the MOON lately!!!
Just think, when the SMTs are here, we will probably get to trade them inside the wallet too!! Wow!!
I need to learn more about SMT's. I am not sure exactly what they are. Maybe you could offer me something on this as an explanation? If so, I would be in a state of gratitude. :)
SMT or SMART MEDIA TOKENS will be native decentralized assets (STEEM tokens) that run on the STEEM blockchain. They are a token protocol for content websites applications, online communities and guilds seeking funding, monetization and user growth. They will be the newest way for publishers to monetize their online applications and communities. They are in testing now, they already made millions of them for testing now. There will be a hardcap on the amount created, but it's plenty!! It will be the next rage and major underlying catalyst to pump the STEEM price back up!
Here's everything you need to know, read the white paper!!
https://smt.steem.com/smt-whitepaper.pdf
Thank you very much, I'll check it out. Is it related to the tribes and front ends?
Damn dude. I had no idea! Does it swing pretty regularly?
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Well recently STEEM was down to 0.12 cents and is now up to almost 0.15, and SBD in the last couple weeks has fluctuated from about 0.56 to 0.72 or around that... I'd have to look back, I wasn't watching as I didn't realize that I could actively trade it.
Good to know. Ill check it once I have something to trade with 😁
@tipu curate
Upvoted 👌 (Mana: 0/10 - need recharge?)
I always figured it was a big part of why they stop giving out sbd in post payouts when the price of steem is very low. If the price of steem eventually goes back up enough, you will most likely see more sbd and less actual steem in post payouts again.
Ah I see! Well, I hope that spreading the knowledge of the trading aspect increases the liquidity of STEEM as this would most likely attract investors and add more value to STEEM as a whole.