What do you do with your STEEM DOLLARS?

protoken (48)in #steemit • 7 years ago

Hi, I have some steem dollars in my wallet, and I don't know how to make the best of them. What is your approach to steem dollars - do you convert them to steem?

I should mention that I'm not entirely up to date on how steem dollars, savings and so forth are actually for, so maybe the answer is obvious for the informed users.

#steem dollar #steem

7 years ago in #steemit by protoken (48)

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thatgermandude (59) 7 years ago

sell them. At least that is what I do. SBD is artifically stabilized at 1USD so it is not really a good investment unless you believe in the USD ;).

Bittrex and Poloniex are commonly used as exchange. Ofc you can also convert SBD into Steem if you want to go all-in on Steem.

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protoken (48) 7 years ago

Thanks for you advice. I have just under $5 SBD, so I don't think I'll go for selling them this time around. I might convert them to steem.

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thatgermandude (59) 7 years ago

I tend to sell them as soon as I have 10 SBD. It is actually quite a lot of fun to micro invest into other cryptos with the money you made on Steem. My Bitcoin Cash alone is worth 50$ and my 5 Antshares went from $10 each to $40 each.

I like Steem but since the HF19 the price for Steem has been rather stagnant.

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