My investment plan is still same.
I'm not buying any crypto until it's under my baseline that I set a week ago.
The only thing I bought is STEEM with some SBD.
SBD price
I read some interesting comment about the SBD.
One person said that the reason it's gone up is because they are used a lot in voting bots.
Now I always believed that voting bots would have a bad ROI.
But I did some calculation this morning on a post and I might have been wrong.
One person that is currently trending spend around 200 SBD on bots. (because this blockchain is so open you can see everything).
His pending payout is 200 SBD + 45 SP.
That's not a bad deal.
Of course for this to work STEEM price will need to be stable or go higher in the next 7 days.
If STEEM goes down the person will lose out but still will have visibility for the post.
Of course wether this is a reason for the high SBD price is speculation.
But if it is, I think it puts an extra positive side effect on bots for now.
I talk about it more in my vlog.
https://steemitimages.com/0x0/https://steemitimages.com/DQmf84t6h3Ds3PRaKvNgnSgL9WZuWzphjXhBKJDfpGDun4g/Exyle%20logo%20final%20_%20RGB-04.png
I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.
We build Steemify a notification app for your Steemit account for iOS.
Get it Here:
https://steemitimages.com/0x0/https://steemitimages.com/DQmd4uuke7jSGrYPZvWBaXYtfaupBWCkSNSx4gdVrQdjVcs/witness_vote.gif
▶️ DTube ▶️ IPFS
Oh and btw @exyle when I mentioned the possibility to use bots with SBD in my comment on your last post, I didn´t mean this as something minnows can do, but as I see it at the moment, it´s the only chance to get seen. This is a problem in a way. So if your are not one of the big fish and post about Steemit as your main topic (no blame here - you are one of the few people, who do this in a very innocent and authentic way, which I love!!), then it´s hard. Even when you got your niche (which in my case is spirituality, meditation etc), there are simply not enough people here yet in this niche with enough SP to make this a worthwhile stay. I think, what most of the big fish are "doing wrong" is to focus their interest on very self-referential stuff and upvote only things that have to do with Steemit, Steem or the platform itself!
I think, that this will be the main challenge, if the STEEM blockchain wants to grow - to broaden its spectrum of topics and don´t primary reward posts, that are about the platform itself.
It´s like in a new relationship - if the only thing you are talking about is your relationship, then it will soon be gone!
➡️Would like to hear your thoughts on that - maybe even in a new vlog. Consider myself as your personal idea contributor for new content. 😀Thank you!
I fully agree with you that it's hard to re-distribute power towards smaller accounts if those are not powering up all they have. According to your own wallet, you're currently selling your SBD, too. I guess you're considering to re-invest back into Steem, which is what many others also do. Maybe you're not, who knows.
To judge people who power down is too easy, you always need to know what they're exactly doing afterwards. Steem users are very loyal, and even though not everybody is in a financial situation that enables them to power up 100% all the time, they may be able to do that in the future.
In the beginnings nobody ever dared to criticize people like heiditravels who used their Steem to travel the world and make this platform popular, so why judge people who use Steem as a currency now?
These were the biggest transfers out in 2017 (Source @paulag):
https://steemitimages.com/0x0/https://res.cloudinary.com/hpiynhbhq/image/upload/v1516917253/togfozfjsgvimprlx6vq.png
She added:
> 65.2 M US$ worth of STEEM was transferred into Steemit in 2017 and 98.8M US$ was transferred out. Many of the steemians that transferred STEEM out of STEEMIT also transferred back in.
It's always important to look at the big picture.
Steem on! :-)
Your options are limited. Bittrex is a favorable option with many; but, as noted...doors closed to new accounts.
Many use Poloniex with mixed reviews. Blocktrades is popular with many; but, to buy BTC you have to first get a BTC Wallet, i.e. Coinbase.
OpenLedger is an option; but, until it has more consistent usage (down for maintenance for weeks) I can't recommend this one either.
Truthfully, and I could be wrong; but, you're pretty much locked in to Powering Up, Powering Down; or cashing out SBD for Steem.
I hope this helps.
Peace.
Hey man
I'm trying to power up, but also using SBDs to travel as well.
I did wonder the same about the bid-bots, but the SBDs they take are going to the pockets of a few (to pay the delegation lease etc).
I think that SBD are traded like the rest of the alts. and when the chartists/forums decide its time to buy, the price rockets as the rest do.
Of course, i hope SBDs remain here or rise, but at the back of my mind I still think $1 is coming at some point, and so if you can, buy that STEEM and power up!
Cheers!
I've just now begun to understand the fundamentals of how the Steemit platform works on a minimal basis. I was able to pick up on my early mistakes relatively quickly. I'm not able to invest my Fiat into Steem because of the stringent policies where I live, so I have been forced to work hard for my minimal success, and I don't mind this, because it derives a feeling of success within me. I've sinced opened up a discord server with an incentive to help new users grasp the basics. I also host a daily dogecoin giveaway, and try to give back to the community. I am of the mind to hodl every bit of Steem power I obtain right now. Especially, with a growing user base, and where the value of Steem could be potentially headed. I think it's a users responsibility to educate him or herself. I've even pondered some intuitive ideas for the steemit platform, such as a reward base training program, that you can earn SDB for passing. If users have a reward base incentive for educating themselves, they certainly would take the time to do this. If their serious anyways. Well that's my 2 cents, in the form of a 1cent upvote, so I guess I owe ya one. Thanks for your time and insight. I followed you. @futuremind