Steem Dollars (SBD) / Steem-Still with a downward trend?

daviddona (25)in #cryptocurrency • 6 years ago

Steem, the cryptocurrency of Steemit

The STEEM digital currency can not be mined as bitcoin, this represents in some way a disadvantage. But one of the biggest advantages is that it is ideal for all those who are starting out in the world of cryptocurrencies without the need to make large contributions. Or rather with zero contribution.

Steem has a market capitalization of 1.5 billion dollars and is among the first 25 largest cryptocurrencies. Without a doubt this one of the strongest points, although I consider that the number of operations should be increasing, as well as the user number.

Similarly, the only real guarantee, and guarantee of its operations, in this type of digital business is trust, it will become more robust and reliable as time goes by. Not only because the platform is a phase of continuous development, and always looking for improvements.

Time represents trust which is very important in this type of business. since they do not count on endorsements in Gold or in debts of Super powers that sponsor the operations.

So stay in the business of Steemit, because not only will it grow, and it will generate profits, but it will also embarrass its closest competitors.

To earn money in this type of business, you have to be persistent, vehement, and consistent. But we must also take into consideration as a fundamental premise that the real friend of these investments is time.

Steemit has managed to increase its user base to more than 500,000 in less than two years, although this represents an important growth, the majority of the users once obtain utilities within the platform, prefer to change their utilities for other cryptocurrencies or Altcoins. In the staff I think this is a negative point, because they use the platform as a springboard to access other investments. Which does not allow the internal operations of the developers to mature, and we can obtain higher retributions for the swap of the same in medium periods of time.

Undoubtedly, the main attraction is being able to upload content to the platform, and also to pay for it. However as in all crypto entrepreneurship, in order to grow you must contribute, and in this stage Beta phase of the Steemit platform will be evaluating other options, which allows greater loyalty of users in relation to their currency, and on the platform.

By registering a Steemit account, you can access three Steemit digital coins that are: Steem (STEEM), Steem Power (SP) and Steem Dollars (SBD). To contribute to the platform, you can earn the three digital coins mentioned above as rewards.

STEEM (STEEM):

It is the Cryptocurrency that is driving the STEEMIT platform, and which we can exchange, in other currencies. The Steem is a digital currency, it is convertible into fiduciary currency and other digital currencies in cryptocurrency exchanges in recognized exchangers such as Coinbade, Bittrex, Poloniex, UpBit and HitBTC among others. the latter being those with the most experience in the cryptocurrency market

STEEM DOLLAR (SBD):

The value of STEEM is intimately related to the success of the Steemit platform. which has managed to incorporate more than 500 million users since its launch in 2016, demonstrating the potential of Steemit.
Steem Dollars (SBD) is another Steemit internal currency. which are effectively promissory notes, they have the value of a dollar in STEEM tokens when they are exchanged. In this way, the platform mitigates the volatility of the exchange rate within the domestic currency. (An internal control of the platform in the value of the currency).

STEEM POWER (SP):

It is an internal currency of the platform that can not be exchanged in other digital currencies, basically has two functions. First, provide users with more influence on the platform to receive higher rewards and secondly, Steem Power offers holders a share in the Steem rewards package.

My recommendation is to stay on the platform, since you are buying with only one investment (time). the three currencies of the platform. and Although in recent months you have experienced a decline, this will not be for long. The incorporation of new users, the increase of the number of its operation, the incorporation to new exchange, and the signing of new alliances, which we know how to expect, and we believe in Steemit will bring us great rewards and rewards.