Update on my steem journey and what I decided to do with my $60 SBD
So.. This morning before bed I decided to sell my $60 in SBD for close to $13 each.
Then I bought steem, which was a little less than $3 at the time.
It gave me 252.423 STEEM POWER which at the time put my account over $11 thousand.
And I wake up today to pleasantly see my account is now worth.. $12,020.28
Before this recent spike in value/prices, my previous high for my account was around like $6,500...
Heh.. That means my account has basically almost doubled in value and is the highest I've ever seen it.
I think it was probably a wise decision to put back into steem instead of investing elsewhere.
Though.. Part of me thinks I should have got a physical wallet and diversified..
Also.. Time will tell if I shoulda waited, but I felt like the high SBD might be a temporary thing and I should take advantage of it while it is here.
I can still do that if I want to.. Though.. This is good for now. I'm happy.
Steem is the main coin I believe in. And.. I feel pretty good about my choice.
I have a feeling it's going to go up a lot more in the not too distant future, and especially over the next 5-10 years.
We shall see what happens.. Though.. I really have a feeling steemit is going to be around for a while and continue to grow. :)
I think you made a right choice cuz with steem power you can have steem and produce sbd. It's a win win situation. Steem could get much higher.
I think Steem is starting a solid climb. With all the apps and community support along with the vicious amount of money coming in, I think we are looking at a pretty great ride.
Word.. And yeah.. I agree. That's a good point, and that was one of my major considerations.. Having more steem has it's perks! Especially for an active user on the platform.
You took the perfect decision. Because SP wll produce sbd again so you can multiply it many times in future.
Definitely be around. Well done with your choice, you can always buy another coins when steem is up.
@apolymask,
Bro you got a right decision! Holding STEEM will be a precious gift in future. Not so long, I hope in 2018 we can feel that!
Cheers~
@apolymask - Sir STEEM & SBD are new generation crypto coins... So, it's price will rise eventually... Therefore, please hold few more months Sir...
+W+ [UpVoted & ReSteemed]
Sounds like good strategy to me. If SBD doesn't go back down, then they really aren't functioning properly. That doesn't mean that it will go down. Look at all the actual shit coins that have had a nice long ride so far by just being a speculation vehicle.
Time will tell, but I would do the same thing.
Thanks for the thoughtful response and your thoughts. And yeah.. I thought the SBD was suppose to be pegged around a dollar.. So.. I dunno what's really going on there, but I still believe in steem longterm, so.. I think it was a pretty safe bet. Time will tell! Though.. For my first ever crypto trade, I think it was decent.. :) And yeah I basically agree with everything you said.
hodl steem, sbd, they will make you leave the job & make your own wonderful life. impressive post @apolymask
@resteemia
reteemed & upvoted & commented & followed
just imagine when steem is 10 usd ans you have this much SP then how much SP and SBD will be generated. So its a wise decision by u.
Enjoy ur time.
We should convert SBD to STEEM as long as the price is above 10 who knows when SBD will back to 1 or 2 USD.
So that was the right choice made by you.
It will be very exciting to experience this journey!
Indeed! I appreciate your posts on the subject. You've helped me learn a bit! Thanks!