RE: SBD Is Worth Over $12 on Bittrex Right Now! How to Sell your SBD
The rise in SBD has been crazy. It's been fun watching people I've gotten to know in Discord channels convert for a big gain, but I changed my SBD to Steem in the internal market when it was 2:1, and don't have any posts paying for a few days now.
I find it strange that SBD is the asset rising so much rather than Steem, when SBD is supposed to be tied to the USD. This makes powering up with additional funds a little unattractive at this current time, which is odd because powering up is supposed to be incentivized to raise the say your account has on the rewards pool.
I took a quick peek at the BitShares market and it doesn't seem like SBD is having the action there everyone's getting at Bittrex. Do you have any suspicion why this is mainly happening with Bittrex? Guess I better scurry over there and set up an account!
Lastly, I think my favorite part of this post is "I just walked my 8yo son through the process right before he went to bed."
My son is 7. He's got smart management of fiat down pretty good, guess it's time to take it to the next level. We'll see how that works out; my wife says she hardly understands what I'm going on about on a daily basis when I give her the latest crypto dish. Haha.
One thing I think is important is to not use the "convert" word when describing selling SBD. Unfortunately, some hear that and then use their wallet's convert function and miss out on the SBD premium.
For your son, have you thought about setting him up with a SmartCash wallet?
BitShares unfortunately doesn't have the volume of other exchnages (yet), but I'd love to see that change if more people would use it. That said, the price (according to coin market cap) seems similar right now (around $11).
Thanks Luke. I have considered smartcash for him, from your last article about your son. Good point about the term "convert", I guess it's just been so long since I've used it I forgot it was a thing with SBD. Someone would not want to use that right now.