RE: My Thoughts on STEEM/SBD and What I'm Doing With My Payouts
You are like 5 steps ahead of me. I am always disappointed when I go to market and find steem prices getting close to SBD. Steem always seems expensive compared to even a couple weeks ago.
When I explained Steemit to a friend and showed him the wallet he asked why posts don't pay in Steem and just get rid of SBD altogether. He said it just makes things more complicated.
When I searched for SBD for USD in google I got information about the Solomon Island currency but nothing about the crypto.
Thanks to you @khaleelkazi and some other generous upvotes I finally have some SBD. Not only am I learning something new every day but I am earning SBD. Now a clear plan of action is necessary.
You give a great example of diversification. As I gain insight into the methods and markets I will diversify and consider cash investments as well. My next post will be similar about HODL nuts. I will let you know when it is finished.
Yeah, STEEM seems really expensive right now, but then again, so did Ethereum a month ago when it was around $400 and now look at the price! Betcha wish you could buy some Ethers at $400 (I know I do!). I think we'll look back at this moment and realize that we should've just dumped all our money into STEEM, but nobody can predict the future, so I think it's best to stay diversified and mitigate your risk. The SBD and STEEM have a necessary relationship economically that requires both to be used on the STEEM blockchain (at least to my understanding, please correct me if I'm wrong).
Thanks for sharing your post as well! I'll check it out soon and hope others do as well!
Steem has a bright future and will be around for the long term. This is a wonderful blockchain and can be super profitable... I hope we all crush 2018 and be 5 steps ahead of the game
Here is my opinion of HODL or FUD. Don't just HODL but prioritize what to HODL (nutashi sakamoto post) Good luck on your enterprise.