Holding SBD as a USD replacement

in money •  2 months ago

Because SBD essentially gravitates towards $1, as long as we buy it at $1 or less, we should be safe from loss. Does your favored exchange not offer a USD or USDT option? If you think or know a big pump is going to take a while, convert your crypto to sbd.

Only do this after you're familiar with the process so things don't go south. Also make sure you do all of the math involved so you don't end up with a negative roi because of the fees. You can, i.e., convert your crypto to doge then send it over to your sbd wallet through blocktrades.

This indirectly helps steemit because, for good or for worse, it ends up being a use case. Use cases are always good. If this tip catches on, who knows, more of the traders might register on steemit.

A personal tip is not guaranteed to work. Take it as a suggestion, not financial advise. You're your own (wo)man.

image source


Thank you for reading!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
Loading...
·

💡 @felipejoys get upvote on 100% (VotingPower 6709.39).
Post can fall into a two-day rating and get a reward.

Rules for calling bot:

  • Anyone can leave an appeal under the author of the post, which is in my subscribers.
  • The bot can be called no more than 3 times in 24 hours.
  • Upvote on 75%, if the Voting Power is more than 93%. Upvote on 45% if the Voting Power is between 92% and 85%. Upvote 30% if below 85%.
  • After the Upvote of the comment, the bot votes with more VotingPower.

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Joys from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

You got a 6.45% upvote from @dailyupvotes courtesy of @felipejoys!