Are you happy earning 1% a day with your investment on Steemit ?
1 % isn’t very much..... but 1% a day is quite a lot..... 365 % in a year ?
If you are able to keep a close eye on the price of Steem versus Steem dollar (SBD) and know how to convert your Steem to SBD and back again on the internal Market with your Steemit Wallet you could be earning a fair amount here on Steemit.
I have noticed over the past few years that Steem and SBD often diverge and if you convert your Steem to SBD when Steem spikes and then reverse the trade when Steem drops you could easily earn 1% a day on whatever you are able to Trade. And no fees.
These days, this is how I make most of my Steem....
I’m not always at my computer to take advantage of these daily moves and I never have that much liquid Steem or SBD since I usually Power up or convert to Bitcoin, but maybe when I retire ...
I just check the prices on Coinmarketcap.com .... I keep the steem and SBD chart icons on my IPod ... when Steem shoots way up and SBD doesn’t move I use my Steem to buy SBD on the internal market and vice versa when Steem drops back ...
Steem : https://coinmarketcap.com/currencies/steem/
SBD : https://coinmarketcap.com/currencies/steem-dollars/
Good tip. I never thought of that! Do you know of a trading chart that tracks steem vs sbd within the chart?
No... I just check on Coinmarketcap.com .... have the steem and SBD chart icons on my IPod ... when Steem shoots way up and SBD doesn’t move I use my Steem to buy SBD on the internal market and vice versa when Steem drops back ...
Steem : https://coinmarketcap.com/currencies/steem/
SBD : https://coinmarketcap.com/currencies/steem-dollars/
Ah good. Thanks for the info!
???
Yeah.... you don’t convert some of your steem to Bitcoin every day ???
Nope, i think that is blasphemous and puts downward pressure on the price.
Btc will/has cut it's own throat with transaction fees and congestion.
Why would i trade from free 3 second transfers to a coin that jams up, and fees explode, if the price moons?
No true beliebing for me, thanks.
Oh.... well I am trying to diversify a bit. I saw my Steem drop from $8 to .11 pennies .... and that was kind of painful. I have seen my investment in Bitcoin go from $ 100 to $20,000 and then back to $8,000..... and converted some to cash along the way. So I will convert a little Steem to Bitcoin and cash along the way. I have been able to trade my Bitcoin to Cash, Silver and Gold with very low fees on Shakepay and SilverGoldBull.ca
Hmm, probably good thinking.
I do however regret very much selling my early shares of Apple, Google, Amazon, Facebook, Shopify, Tesla, Microsoft, Netflix, Alibaba, Nvidia, and many others.