Be Cautious Using The Internal Market While The Value Of SBD Is High.
Hey steemit,
How is everyone doing today? A heads-up if you choose to use the internal market. Remember that, when you use the market, you are trading for SBD and not American money. That is the reason why steem is .22 on the internal market but .29 on other markets. SBD is currently at 1.30 for each one BUT it is suppose to be pegged at $1. Now SBD might go up and there is always the chance there is another random SBD pump like before when it hit $6 but remember that you will be paying more than a $1 for a coin that was designed to be worth $1 if you choose to trade on the internal market at this time. I have no idea why it is worth more than a $1 so it might keep going up and this not financial advice, just something to think about if you're going to trade.
*my upvotes/rep disclaimer: https://steemit.com/steemit/@whatageek/my-steemit-account-where-i-stand-on-bots-self-votes-and-multiple-account
Indeed, also do not use the conversion function as of now when SD isn't 1$, do not convert SD for Steem.
I got my first .06 worth so i am excited it could go to 6. I suspect it will taje awhile befour I get enough to transfer to buy gold or something.
Produce interesting content and others will reward you with money so your earnings will grow quicker than you think.
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Thanks information update.
Good job
Oh so that is why the steem was so cheap on the internal market. I bought some and but I dont even mind, I like Steem more than SBD.