Emptied Cold Storage To Buy SBD; Converted SBD To STEEM
So, my BTC has just been sitting there... neither losing nor gaining value. Some people might find that acceptable. But not me. I think there is a significant risk in holding BTC. It could go to zero in short order. I don't feel like I want to assume that risk without a return...
When evaluating all the other possible holdings that promise some kind of return, none match the value proposition that Steem Dollars represents.
With Steem Dollars, I get 10% interest right off the bat. That's phenomenal compared to any traditional low-risk investments such as money market accounts or certificates of deposit.
There's also conversion cycling, which I've outlined in previous posts:
https://steemit.com/steem/@bacchist/testing-the-steem-dollar-peg
https://steemit.com/sbd/@bacchist/sampling-sbd-conversion-returns
https://steemit.com/steem/@bacchist/my-week-1-sbd-conversion-results-18-615-sbd-or-7-446-roi
https://steemit.com/sbd/@bacchist/i-stopped-converting-sbd-for-now
To make a long story short... I've determined that now is the time to go all in on SBD. And perhaps the last great opportunity to do so. Recent and proposed changes promise to strengthen the SBD to USD peg, and add value to the SBD as a store of value.
The 85c that I was able to purchase this SBD at is something that I think will be less available in the future.... So I'm hitting it pretty hard by my own standards.
We'll see what happens... I'll let you all know.
What do you think?
https://steemit.com/sbd/@dennygalindo/sbd-near-80c-on-bittrex-should-interest-rate-be-raised
hi,
I wrote a cute little story about a baby dolphin and you're in it :)
have a look, I hope you like it :)
I agree! You can monitor the amount of sbd vs Steem and sell if it gets dangerous.
Damn you.. now you got me thinking :)
Just wait a few days for me to make a few percents. :P
You said you were drunk tonight in chat ? you writing this post drunk ? lolz
of course
bout to get stoned too tho
:)
hopefully, you wake up and don't go wtf!! did I DO! nah, good decision btw.
I'm pretty confident this will work out, actually. ;)
I love these type posts to get the brain cells cranking.
I love the post...... but am kind of confused
that is what i have been doing all week! putting my sd$ into steem :D
With the sbd supply soon to be constrained and paying above market rates I wonder if it starts trading at premium?
It's traded above $1 in the past. But I doubt it will ever stay that way for long.
@bacchist - I made the same move on wednesday. Investing my fiat into bitcoin into steem. Bottomline, until I get a huge following or have a whale consistently upvote my content the best way to invest in the opportunity of steem is through $$$.
I am interested in all of this