Do you trade on Steemit.com’s internal market?
Steemit's Internal Market let's you trade Steem and SBD
Over the last few weeks, I have been not so active on Steemit.com. I was busy as usual, but I did spend some time learning to trade on Steemit’s internal market. I have not made much, I did lose a little, but I am still waiting for the price to raise and give me some returns.
You can access the market here: https://steemit.com/market
Best thing about the Internal Market
The Steemit.com’s internal market is easy to use, and I love it because there are absolutely no charges or commission. If you have had traded on any stock exchange, then you’d know that they charge a certain percentage of commission and this is the major reason why most novice traders end up losing their money.
Trade as low as you wish
Another plus point is that you can trade with as low SBD/Steem you want to. I have traded as low as 0.500 SBD a still managed to make a little profit, the profit was less than 0.01 SBD, but still it is better than nothing.
Prices fluctuate, but there’s minimal risk
If you trade a small amount of SBD/Steem, then you might be safe. As a rule, always invest the amount that you can afford to lose. I never made any trades more than 10 SBD.
Like all markets, the prices do rise and keep on falling, for a new trader it might look like a bad thing but a seasoned trader will know that you need to buy when the prices drop and sell when they go up.
For example, I bought 3 Steem once at a price somewhere at 1.3 SBD per Steem, and I sold it when the price was 1.4.
It didn’t make me rich but still, I earned a little Steem with little effort.
Buy when the prices fall and sell when they go high
As of now, I bought Steem at a low price, and I am waiting to sell it as soon as the price goes high. I will end up making at least 3-4 Steem in profits.
In my opinion, trading is a game of waiting and watching and then making a move at the perfect timing.
Note: These are my personal experiences and opinions and in no way must be taken as expert opinion or advice. I am still a novice, and still learning many new things.
Kam az Kam link to bata do, internal market ka. Mere khiyal main is ki baat kar rhe ho aap, https://steemit.com/market
Yes: https://steemit.com/market
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