Is Steem Backed Dollar (SBD) The Next Best Thing? & How To Increase Your SBD
Most folks will not believe it, If told (few weeks ago) that SBD will trade at 12USD+ today according to coinmarket cap .
In fact, this is the beauty of good cryptocurrencies : ability to give a common person an amazing return on investment (ROI) if the person sees the light and hold.
With a circulation supply of 4,000,547 -according to coinmarket cap SBD has been moving in tandem with USD for a while now (guess it was meant to be like that) however it is argued that investors rushing into the crypto space (due to bitcoin ) are looking for the next best thing , thereby believing that SBD is currently undervalued and thus a great source of future investment (buy and hold).
As steemains, here are few tips on how to increase your SBD:
**Steemit posts **: Posting great content is a good way to increasing your steem dollars which will be paid to you 7 days after your posts goes live. In posting, avoid plagiarism (copying other people work without proper referencing) , avoid low quality contents (posting only a picture of bird, flower, insect, moon, sun, sea etc) and importantly , use your post to teach the community new things which will result to great rewards from steemians.
Comment: Commenting on other people posts in a respectful way and not to share your link without permission. Avoid copy and paste bot like comments like follow for follow or vote for votes. In fact, some people make more money throwing in great comments than posting.
Upvotes: Upvoting people votes and comments are great because of the ability to reward great authors in the steem blockchain and thus motivate them-which in return earns you a good reward.
Steem Power: Steem power is still the best way to earn more SBD because the more steem power you have, the more SBD you can earn in author and curation rewards including the ability to delegate your steem power for SBD rewards. Therefore, it pays to buy steem and power up.
Now is your turn: do you believe that SBD still has room to grow? Send in your comments - upvote to send in your support and resteem in order for your contacts to join the discussion.
Click here and read my former post : Do You Employ The Rich Man´s Strategy?
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Your Steem Power explanation is not right. It does not help with you SBD rewards. I have gone from 50K SP down to 9K SP and my rewards have stayed the same. Steem Power is only based on Steem, nothing else.
You can see it that way however the way I see it is that with high SP , you get more curation rewards and author rewards which reflects in your SBD rewards isnt it or not? moreover, when you delegate your SP to minnowbooster et al, you get SBD isnt it? I am sure that you know the game here @hilarski . I wish you a blessed Christmans season.
I feel the same with this but again @hilarski definitely knows his way around steemit so I'm probably missing something
Good info, thank you😊
what is good about the post?
Excellent question to engage vague commenters =)
Hello Charles,
Eventhough i agree with you in the long run, personally i don't believe that quality of the posts make newbies earn more steemcapital than the quantity of the posts bring in the short run for them. Because it doesn't make any difference for the newbies to put great effort on a really unique article and post it. Because nobody sees it. When they realize that no matter how hard they try to produce quality content, if no body sees it, it is a waste of time. So, people try to find more cost/efficient ways to earn credibility here, which is producing huge amounts low quality content. And unfortunately it is a trap for the steemit. Because the increase in the total amount of the junk posts make new solid posts less visible. I am pessimistic about the future of the whole project because this low-quality post trap is going to be something like a culture here.
I hope it changes.
(I am sorry if my argument is not clear because of my poor English skills)
Take care
You are correct in your arguement about issues with newbies ...hence why I concentrated on commenting when I was new and thus build up trust and following before concentrating again on posting . Learn the game and play smart-I have more details in my older posts...success
yes, it's about the networking and getting some bot help along the way, a whole menagerie of things, if you will //// PPEEAACCEE !!
Good point, glad that you know how to play smart...
@tubi You're inaccurate here. You need to focus on producing content that makes you memorable. Then you'll get resteems & other Steemians will notice you. Posting a bunch of stuff with no aim on quality will get you no where. I've been on here six months and experienced more success than I ever thought possible & not by doing that. @charles1 is right, curating on others posts early on is also KEY!
Here was a first for me ! a straight copy and paste, from the both the original poster and my comment!
I notified @steemcleaners of course, and did my first flag - they were getting money from other peoples effort..
( I don't normally put links in either, as you say unless I know the person - I hope you don't mind me putting this link in now..?)
People should be on the oulook for this kind of theft, and act accordingly.
Has this ever happened to you?, btw?
https://steemit.com/blog/@lucylin/annoying-plagiarsim-getting-paid
Happened to me ...someone copied my whole post and pasted as his own...I pointed it out and many people flagged him to zero ....many terrible people here...
Thank you for your reminders! (not the quality comment you would expect... :D). So to increase our SteemPower we can Power up our posts and buy Steem and Power it up, is that it? And then, how can we transfer SteemPower to SBD?! Can't find anything in my wallet... Sorry for all the questions @charles1! Just trying to make the most out of all this :)
You cant transfer SP to SBD rather when you power down , you get Steem and then you can buy SBD with your steem.
Ok got it it now! Thanks!
welcome
Thanks Chuck ! Staying active baby /// Steem and SBD are living large! (-:
Good point, let us get them SBD asapppppppppppppppppppppp lol
Love the extra value in SBD right now. Yes, it is not a long term ideal for the price to stay this high, but it makes for nice conversions to Steem.
Make it a great day my friend!
I agree..however I prefer SBD price to moon more..it is all about demand and supply...the circulation supply s low and demand is high, so no surpression of sbd price will work ...it will always rise I guess
We shall see. Will wait on the witnesses
ohhh , do they wanna surpress the sbd mooning price? if they do then expect resistance from investors...giess that this is a free market or not?
The goal to my knowledge is to keep the peg at $1, which at this point requires more supply of SBD. Lots of talking going on right now
celebrating steem
feels like a dream
but it´s real
such a great feel
sharing it with friends
joining hands, having fun
party everyone!
Thank you so much for following me. This is my little Christmas present for you!
Looking great @sumsum -quite captivating ie your smile...sending you love from Nuremberg Christmans market
thank you for the nice compliment :)
You are welcome and feel free to join in celebration ...
@charles1 payed 10.0 SBD to @minnowbooster to buy a stealth upvote.
transaction-id 1401691384a153eececa967d034a343ac5e70c56
@stealthgoat
@charles1 payed 5.0 SBD to @minnowbooster to buy a stealth upvote.
transaction-id 9d72793f3a9e73d959b886e742741d9c940a0963
@stealthgoat