💰 10 Amazing Uses For Your Steem DollarssteemCreated with Sketch.

in steem •  last year

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This is a follow-up post to my Steem Power article. Today I will demonstrate 10 amazing uses for Steem Backed Dollars (SBD), the second currency we can earn with our posts and comments on Steemit. They are more then they seem.



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You can exchange SBD to Bitcoin

SBD is a great way to get liquidity! Exchange it on @blocktrades or use one of the other exchanges and receive BitCoin or even better LiteCoin (because of the lower fees and faster transactions). With that you can do whatever you want: Trade it for FIAT money, invest it into other cryptocurrencies or just hold it. 💰💰💰


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With a higher Steem price you earn more SBD

When the price of Steem rises your post payouts will go up as well. If you have the 50/50 payout option activated then you will receive more SBD than with a low price. If the price of SBD itself goes higher than 1 US Dollar than it will be more lucrative to keep your posts on 50/50 all the time.


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You can boost your posts with Upvote-Bots

Investing into your posts is a great way to reach more people! Upvote bots like @minnowbooster, @randowhale, @bellyrub and @booster can push you into the hot and maybe even trending section of your tags. If you are clever about it maybe even in the overall tabs. Some of these bots are bid-bots which will often end up in getting smaller upvotes than the worth of your SBD. However, you can see it as an investment into your Steemit account.


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You can use Resteem services to reach more people

Resteem services are a double edged sword: On one hand we shouldn't have to pay for resteems. And these services either clutter the walls of their followers with tons of random content OR they just have bot followers in the first place. We never know. On the other hand this is a chance to reach more people and Steemit doesn't help with that mission very much.


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You can buy upvote points on SteemFollower

This is a relatively new service that gives you points for upvoting only within its ecosystem of Steemit users. For these points you will get an equal amount of upvotes back over time. The developer told me he works on opening it up to communities which will help them to manage keep track of everybody. You can BUY these points with SBD on its own internal market. You can find a new audience like this.


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You can use SBD for Steemit commissions

This is one of the most beautiful usecases for SBD: You can find someone for any kind of job and pay that person in SBD without fees or delays. It is the best payment system I can think of which only lacks a proper in-house debit card. But that will surely come. Use the tag Steemgigs to find artists and more for your commission work. And you earn while you are looking. Check out my latest posts below for two great examples!


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You can pay Steem merchants

There is @steemporium with creative Steemian designs. Check out their shop and send them your designs if you are an artist, illustrator or designer. And there is the more Steem brand oriented Steemit Shop. Here you find all around the Steem logo. These are merely the tip of the iceberg as more and more merchants pop up as Steemit grows.


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You can tip other Steemians with @tipU

One of the coolest ways to say thank you is a @tipu gift. With that bot you can send tips by just using a the word tip in your comments. Your upvote might be worth little to none yet but you can earn SBD relatively quick. Showing your appreciation with it is fantastic to create trust and respect. And unlike an upvote it will go in full right away into the users wallet.


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You can invest it into @bellyrubbank

The user @zeartul runs his own bank: You can invest your SBD into @bellyrubbank and get 45% APR for a 3 months vesting time. This is a nice alternative to the potential SBD interest rate of Steemit itself, which is currently voted by the witnesses to 0%. If you are not planning to use your SBD otherwise this might be ideal for you.


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It is less volatile than Steem

The price of Steem is bouncing up and down all the time. Steem Backed Dollars are tied to the US Dollar and usually hover around that price relatively stable. If you plan on paying your bills with your Steemit income you can rely much more on your SBD than on Steem. And besides, it is a good idea to not touch your Steem reserves anyway and keep them in Steem Power.


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My Latest Posts


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Brand Image for the Memory Sports Community Account
🎬 Steemy - EP. 26: Steemistry and its Steemit Mention Tool
Meet Marvin, the Animated Memory Elephant - Paid for in Steem!



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I had no idea about more than half of the points you covered here. Very insightful stuff, buddy. Again, a masterclass in some of the great use cases we can put our earnings to.

Very well done, bro. Phenomenal post. :)

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Thank you @ezzy, I appreciate your praise. :)

thanks for the insights

Welcome back from the minivacation @flauwy! A few days off might not seem much but in Steemland time is sped up. Exponential growth is great but it's tough to keep up with everything. Thanks for investing so much time and effort into this, you really bring a lot of value to the community! I love your whole concept with Steemy and the honesty you display in your vlogs.

Here's two tools that are really useful when bidding on the upvote bots!
BIDDER — DR. OTTO ANALYZER

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Steem Upvote Bot Tracker
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There's a poker tournament tonight where you can win SBD.
Lucksacks logo
Free to play and over 60 SBD in prizes! :)


Sverige_reko

Thanks for sharing this post bro

With a higher Steem price you earn more SBD
When the price of Steem rises your post payouts will go up as well. If you have the 50/50 payout option activated then you will receive more SBD than with a low price. If the price of SBD itself goes higher than 1 US Dollar than it will be more lucrative to keep your posts on 50/50 all the time.

Is there any time that it is favorable to use the 100% SP option?

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Yes, when the SBD price is far below 1 USD.

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Ok thanks. Is there any interest paid on sp or sbd?

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Yes, there is something like a 1.9% yearly interest on SP. There could be interest on SBD as well but the witnesses have voted it down to 0% currently.

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Sure, Steem sounds like a good idea to make the triplet complete. ;)

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Good question I don't know!😀 😃 😄

would you do a post on explaining tipu more. How does that work?

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Thank you! Got it now!!

I also am proud to say that we accept Steem Dollars for the people that want to buy any printing product from us. We even encourage it by giving a 10% discount on any purchase. Just write us at info@impressionhd.com and ask for a tender. We deliver everywhere in United-States and Canada.

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Nice, that's the way to go. The more people who do that the better for the Steem value!

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It is the idea, I hope it is going to be the next number 1 cryptocurrency

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Maybe good that they take sbd. I fear the day when steem is full of ads like the above.

I ain't got no Steem Dollaz. Will it work for me anyway?

I never heard of the Bellyrubbank thats sounds like a great investment to put your SBD, thanks for sharing!!!

Nice information!

I enjoyed reading this post because the ideas are easy to follow.

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Good, I kept it simple! :)

WOW that's a great post! Awesome list how to use SBD!
Thanks for creating and sharing! Resteemed for sure!
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Thanks @flauwy for more hints using SBD. Amazing! Keep on your good job! Saludos!

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Hey @quincho, hope you are alright. No flood where you are?

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Oh thanks @flauwy, we are alright after a very, very big storm with masses of rain. Now the sun is shining. And you? I hope you succeed in making outside videos! Have a great day!

You can buy music, digital art, and books on steemfiles.com https://steemit.com/steem/@steemfiles/steemfiles-service-announcement-for-october-07-2017

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Awesome, I didn't know that project yet. Thanks for sharing with me. Take a tip! for that.

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Thanks. I will check it out.

My man! What a beast :)

Nice advice for the uses of our SBD. Very valid points right there.

How you doing? :)

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Doing great. The last few days were tough to get back to work but I think I found my mojo back. :D

This is awesome @flauwy, resteeming

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Nice, thx for the resteem, @mrs.digitalgold!

I'm new to Steemit, so thanks for the advice and breakdown, so helpful :)

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Check out my animated Steemy series for daily Steemit tutorials. :)

a good post I like it I've upvote and resstemI will always wait for your next posting

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Cooool, thanks for the resteem! :)

Thanks @flauwy , U got a follow and vote.This helped me alot. So much info about steemit, steem, cryptocurrency that we need more clarification at times, well i know i do.

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Hey Kevin, Steemit can be confusing. Check out my animated STeemy show where I do Steemit tutorial videos.

Great Post. I used your link to give Steemfollower a try and even upvoted this post using it!

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Very good points. Thanks for sharing.

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You are welcome. Glad you liked it.

Very nice post @flauwy

Calling @originalworks :)
img credz: pixabay.com
Nice, you got a 2.2% @minnowbooster upgoat, thanks to @flauwy
Want a boost? Minnowbooster's got your back!

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The @OriginalWorks bot has determined this post by @flauwy to be original material and upvoted it!

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To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!

To enter this post into the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!

For more information, Click Here! || Click here to participate in the @OriginalWorks sponsored writing contest(125 SBD in prizes)!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!

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Sneaky Ninja Attack!!
You have been defended with a 20.00 % upvote!
To help keep my Jōki (蒸気) power strong I rely on the townspeople of Sōsharumedia (ソーシャルメディア).
I was summoned by: @flauwy.
I have done their bidding and now I will vanish...

woosh

To buy more crypto and buy more crypto

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CRYYYYYYPTOOOOO

This post has received a 4.88 % upvote from thanks to: @flauwy.
For more information, click here!

@flauwy take part of the @minnowhelper's 50 SBD Contest. For more information, click here!

This post has received a 2.62 % upvote from @buildawhale thanks to: @flauwy. Send at least 0.50 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.

To support our curation initiative, please vote on my owner, @themarkymark, as a Steem Witness

Ive tried signing up for steemfollower but kept getting errors so trying again. As soon as I get 20sbd investing in bellyrubbank

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No idea why SteemFollower is buggy but the page needs some work anyway. I also have 20 SBD in @bellyrubbank to see how it goes. I might invest more later.

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Im hoping by the end of the week Ill be able to make my first investment! I finally got to join steemfollowers!

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Nice one! Good luck with that. :)

SBD Guide
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Very useful information from @flauwy... as usual!

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Thx @otage.

By the way, are you aware how your comments look like in the comment section? I see the devider graphic as a preview.

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Yes, I actually saw your tutorial about this exact thing and I have been looking for a solution to fix it. I guess I should refrain from using the image line until I do. I think it helps my comments stand out in the comment section without being too loud. But I guess power users like you read all theirs in the reply tab. Is it annoying to you?

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No, it is not annoying at all. And yes, I always read in the reply tab. Do you read in the post? I never really did that but then I loose conversations from others with each other in my posts.

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Thanks for the feedback! I do not get a ton of responses so I do read them in the post. If I have been off Steemit for a while I will go to the reply tab to see what has happened and if I see something new I will click "view the full context" which takes me to the comments section so I can see the comment in context and any other conversations that have occurred.

Excellent!! Keep these coming. Us newbies need all the info we can get! 👍🏾👍🏾😊

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Rest assured that I deliver more content for newbies than anybody else here. :D

Check out my animated Steemy Tutorials if you haven't done so already!

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I agree!

This post has received a 0.83 % upvote from @booster thanks to: @flauwy.

Great advice mate! I'll try to keep that in mind. Cheers!

Great post. Couple of things I didn't know about there. Followed.

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Always good to find some pearls of wisdom here and there. :D

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by flauwy from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in 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.

So interesting @flauwy ...thanks fore sharing.... Blessings

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And blessings to you, @andrewramdas!

Dang I didn't realize all the possibilities. Wow this is some legit info thanks and resteemed.

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Cool, thanks for the resteem @jlsplatts! Glad you like the post. :)

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This post has been upvoted and given the stamp of authenticity by @qurator. To join the quality content creators and receive daily upvotes click here for more info.

wonderful

That reminds me, I should put my little bit of SBD into one of my favourite low cost coins and get a bunch. :D
Also, great list to show people that are undecided on their possibilities.

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Low cost coins can be a really nice investment if you think they will kick off eventually.

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That's right and even doubling what you put in on a quick bull run.

That's great

Great tips here...

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Thank you, make good use of them!

Congratulations @flauwy! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

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Click on any badge to view your own Board of Honor on SteemitBoard.
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By upvoting this notification, you can help all Steemit users. Learn how here!

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Thx Steemitboard :D

Thank for knowledge!

How do I keep my posts on 50/50 all the time?? thanks for your time in advance

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Every time you post you can choose how you want to get your payouts.

Hiii @flauwy,
very greatful to you for sharing such an important and valuable informations for SBD usages. i impressed and appreciate your efforts for this community and follow your suggessions. keep it up and best wishes for you..
FOLLOW.

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Hey @rabeel, thank you and swing by again. Daily good stuff coming from here. :D

Didn't know about most of this stuff. Thanks for posting! Upvoted and followed!

Invest that free money for good, me I covert it to btc and sold btc to usd and deposit it for my daugther trust fund. However because of fiat money inflation rate I have plan to just create steemit account and deposit steem as a trust fund.

Comprehensive list, ive been planning to use bellyrubbank for a

Ah, didn't knew there could be so many uses of SBD. I loved the bellyrub bank one!

Between I see that you are using my best friend @aleister's page divider. I really appreciate this and would let him know about this. You can use his latest one also.

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @blocktrades valued at 95.28 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".

Congratulations @flauwy, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Superuser account holder (accounts that hold between 1 and 10 Mega Vests). The total number of posts by Superuser account holders during this period was 601 and the total pending payments to posts in this category was $4421.92. To see the full list of highest paid posts across all accounts categories, click here.

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Awesome job. Very creative. Excellent skills

Thanks for the information about steemit dollar.
I am new here. I need your help and support. This follow me, upvote and resteem my posts.. I am resteeming your post.

Many thanks for the good info and nicely done...upvoted!

This is super cool

Hi,
nice post.I just upvoted it.

This post received a 3.64% upvote from @randowhale thanks to @flauwy! To learn more, check out @randowhale 101 - Everything You Need to Know!

Upvoted and resteemed!!! Nice tips my friend :)

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Thx bomby, I really appreciate it!

Feels like I have been living on Mars. I didn't even have a knowledge about half of this. I guess I am more enlightened now

This post has received a 29.85 % upvote from @boomerang thanks to: @flauwy

@boomerang distributes 100% of the SBD and up to 80% of the Curation Rewards to STEEM POWER Delegators. If you want to bid for votes or want to delegate SP please read the @boomerang whitepaper.

This is a very helpful post. With ur Articles/posts i believe i would get better results in steemit community. Just followed u and resteemed

This is a very helpful post. I never knew about half of the stuffs u mentioned could be done with SBD. Just followed you and resteemed

This is some really useful information. Thanks @flauwy.

Very nice advices and tips. Thank you for the resume ;)

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Hey @cryptopassion, thanks for the help. :)

Great post, Now I have a better idea of all the possibilities that I have with my SBD, it really helped. Thanks!
@lillieskold

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Hi @lillieskold, great that my article was of help to you.

You could perhaps buy a car one day from your steemearnings. This is my dreamcar image

Very nice post, I can consider this article as an introduction to steemit. Thanks for the great effort and wish you a great day.

@flauwy,
Very thorough! Straight to the point as well! Thank you as always.
@Lymmerik

very knowledgeable and helpful for better future on steemit.

Very useful information indeed. Thank you for the in-depth research and great writing @flauwy
Upvoted & Following!

Learning much, thank you friend.

Awesome Post.
Really good summary and explanation.
I also learned something ^^

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Thank you for Information, I macke a Power Up, @bellyrubbank is alternative.

Which is the minimum amount I can send to bots?

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Depends on the bot. @bellyrub and @booster accept 0.1 SBD. @randowhale 0.5 SBD. And Minnowbooster 2SBD. But you should always double check their profiles for updates first!

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When you say "updates" what you mean, what to be careful about? Thank you!

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They change the rules all the time so you should not rely on what I said here.

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Oh right, thanks for pointing that out!

Congratulations @flauwy!
Your post was mentioned in the hit parade in the following categories:

  • Comments - Ranked 10 with 92 comments
  • Pending payout - Ranked 8 with $ 176,46

very nice

my link is http://steemit.com/@rkanwal
upvote and comment

Thanks for sharing this ideas :) I am new here so I want to learn more about steem

okay... thats informative to a newbie like me..!!!

The Steemit Shop sounds pretty cool, I haven't tried it yet though! 😀 😃 😄

@flauwy is back!

Of course I knew about all of these :p Nice one dude :D

Really ! perfect

Nice and Awesome Posts Keep Posting in Steemit @steemit and Make it Bigger than twitter,reddit and even from Facebook.If You Believe steemit will break their reputation one day than follow me I will follow back thanks @hakeemshah96

very informative

I took the time to read it all and it is all good info. I think I have heard about it all but it is good that You have condensate here in one place :D Job well done :D

Very good info, thank you

Very good information you gathered. Thank you

A great post that illuminates some of the creative ways to use steem! Thank you for all of the information

Great post! Thanks for sharing! Looking forward for more!

Very informative post! Keep steeming on Bro you do a great job at it!

This is good news. Well done!

I was not aware of these things!! Thank you so much for sharing a great information @flauwy..

indeed SBD are very useful, hopefully as the steem ecosystem grows we will find more use for it!

Let's make serious money together, steem family!
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Your guides are amazing. Thanks for this

i´m gonna keep this link on my favorites, for a later review, it will be very helpful to me. Thanks for it!

Great post, this was very helpful. But way tired will have to look at it again and again probably haha.

#cof

This was helpful cause i new here thank you

Super helpful article! Thanks. Followed and upvoted

I'm new to Steemit, so thanks for the advice and breakdown, so helpful :)