How much is your STEEM DOLLAR worth in Malaysian Ringgit

in teammalaysia •  11 months ago


As of today 12th December 2017

Do you actually know how much your steem dollar ( SBD ) is worth ?

Let me help you break it down so you fully understand this. So past few days the price of STEEM DOLLARS (SBD) has been on a high rise. A lot steemians who understand its true value took full advantage of it. But there were a few which didn't know so i guess this would generalize for almost everyone who is new on STEEMIT.

Before I go in , let me drill down back to the basics. How did you get STEEM DOLLARS in the first place. Every post that you do, when you earn the rewards in 7 days you get a 50/50 split of your 75% of the total earning. The illustration below shows how the payouts are divided.


thanks @maverickfoo for the photo which i conveniently plagiarized


So if we based it on todays SBD price lets do a direct conversion using CoinGecko

You can use the link here to do a direct conversion https://www.coingecko.com/en/price_charts/steem-dollars/myr

Yes ! You can RUB your eyes ... just 3.5 STEEM DOLLARS ( SBD ) is RM180.48 !!


The list of things you can buy with 3.5 SBD / RM180.48

Groceries for a small family for at least 2 weeks


Carlo Rino handbags - for wife/girlfriend/ex-girlfriends and female friends
New kitchenware for your house

OPTION 1

OMG !!!! How do I cash out NOW ???

I did write a 2 part post to it. However I'll just do a summary and place the links to the posts below.

  1. Open account on LUNO.com its free but if you want to receive a small bonus you can use my affiliate link ( https://www.luno.com/invite/YJPDT )
  2. Create a Beneficiary on LUNO - put in your bank account details
  3. Click Wallet and Add a BTC / ETH wallet ( select ETH if you can else BTC .. varies in transaction fee )
  4. Add an Address on the wallet you choose
  5. Copy the Address of your wallet .. its a very long alpha numeric thing
  6. GOTO STEEMIT.COM and open your wallet
  7. Scroll down where your steem dollar is and click the arrow beside it then click SELL
  8. Another page called BLOCKTRADES will show up
  9. On the left side will show STEEM and on the right side will show BTC .. change it to ETH if you are sending to an ETH wallet else you can leave it to BTC
  10. In the address field just paste your address and click GET Deposit Address
  11. Copy the memo
  12. Goto STEEMIT.COM go back to your wallet and this time click the same arrow beside the SBD and click TRANSFER
  13. Send : blocktrades MEMO : just paste whatever you got from item 11 and amount you fill up how much you want to transfer. You will see something like this in your Steemit wallet
  14. Go make coffee and after a few minutes goto LUNO.COM
  15. If you had used ETH all you have to do is to goto your wallet and SELL ETH to MYR
  16. If you are using BTC .. you literally do the same thing just pay higher fees

  17. Here are the links to the full tutorial


    If everything goes well , you should receive your early Christmas Present / Ang Pow / Duit Raya whatever you feel like calling it.


    shamelessly taken from @danieldoughty 's post


    OPTION 2

    Hope you find this post useful and understand that your Steem Dollar and Steem Coin is worth a lot once converted to MYR. Of course the alternative option if you do not want to cash out is to GROW your Steem Power


    Why do you need to grow your STEEM POWER ???
    The more steem power you have ... your upvote will be much higher . Benefits are long term ! Take the opportunity to do that.

    Do NOT in any CIRCUMSTANCES click CONVERT TO STEEM

    This is how your power up your steem

    1. Click the Arrow beside your SBD and Click MARKET
    2. On the LEFT of your screen just click on the green word AVAILABLE
    3. Then click BUY STEEM
    4. Go back to your STEEM WALLET ... once you see that the STEEM has increased ... just click the arrow beside it and POWER UP

    Hope this guide is helpful for you and have a great great week ahead


    follow_bitrocker2020.gif






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I was quite surprised by the increased in the value of SDB but it is a good surprise. My confidence in Steemit paid off

I'm in staying Bangkok now and I've done 3 visa runs to KL and Penang. I LOVE your country.

I know exactly how much ringgit money this is and how much it means to my Malaysian friends. I would only take about 500 ringgit for my 2 day trips and not even spend it all. I was not throwing money around, but I was not broke over there by any means.

What a miracle for all of us.

Don't get sidetracked and keep posting awesome content daily. I believe this situation will only improve.

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HI Sharon! When is your next trip to KL? We could arrange a meet up with awesome cool Team Malaysia members... 😀💗💕💖❤️♨️

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I'm not sure. My next one is Yangon in January. But I will not forget again and make sure to talk to you in the planning stages. I have at least 6 weeks notice to what I'm doing. I kick myself for the last one. I really thought you were far out of town for some reason. Who knows why???

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Not just you... Even my Auntie from Singapore also thought that I am far out from town when they have been visiting Sunway area for the past few years... And we just managed to meet up for the first time in Sunway Pyramid last Sunday. 😅

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How funny! Maybe you are a farm girl at heart and you just don't know it. I seriously thought you were out in the country somewhere. Honestly. I wonder how many other stories I have made up about my online friends!

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As long as there's internet (good and strong), I don't mind staying in the farm...

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Me too! I was in the middle of nowhere - Northern Thailand -last winter. Loved it! Nothing but me and the wifi :)

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That is awesome... We are not weird, right?

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Awesome stuff indeed!

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Go read Nigerian posts. They are freaking out. $60 usd pays all bills for one month for some of them. They are a good group who support each other and already had good post payouts. I can barely breathe right now. Just keep posting.

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Yeap keep posting while it lasts!

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Cheers @fitinfun ... Especially in Penang .. rm500 you can literally eat and eat and eat !!! Best street food around

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:) So much food! The place smells fantastic on all corners!

How much it's worth in Bangladesh I don't know,but it's not bad that's for sure 😋😋😋

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Way a lot for sure

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1 sbd equals 11 usd

11 usd equals 1181.95 pkr

You need author rewards to get the sbd - so post your posts and make good comments to get it. Good luck :)

Its awesome @bitrocker2020
Thanks for the infomation you had share. Upvoted and resteemed it. Since im new in steemit and a malaysian , its very useful guide to converting to fiat and also have been using luno as exchange. Cheers!!
#teammalaysia

I understand the results of the voting division thank you, about the price increase and, now especially the users of Aceh are increasing rapidly @bitrocker2020

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Awesome bro .. glad you know it. It's literally about rupiah 640,000 if I am not mistaken

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yes my friends do not argue about it, but in steemit contains valuable learning value, people who no longer school, can sharpen their ability again here, in steemit.

This is an excellent post!

All the way from Nigeria I say nice post enlightening the Asian community. @bitrocker2020 ride on

Wow, that is just amazing!

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its exciting right ??? :)

Thank you so very much for the great explanation @bitrocker2020, it's really a great help to people like me who is new to this game! I was trying to find out the way to cash out after reading @maverickfoo's post.

At least now I have some SBD/Steem to test it out, or you have any advice how to utilised it, that would be good.

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I'd suggest you take this opportunity to powerup . As it benefits you long term

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Thank you for the advice, will definitely do it.

How do I get the follow me gif?

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You need to make those ..

@bitrocker The growth for Steemit is massive :) Best wishes. - @splendohub

Luno is has one of the greatest App imo, good platform.

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You think so ?? Only if they supported visa/master debit like what wirex use to have

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I really think so, their UI and App is sleekiest I've ever use for trading. And their maker order charges no fee.

I almost bought a new camera lens but i controlled myself..

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Wait 14 days and keep posting :)

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14 days ???? hmmmmm .... SMT !

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I think in 14 days you will be very happy if you just keep posting. Maybe you will even get a better lens :)

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Yeah i'm posting every day!

I am having problem opening Luno account. Is there any other way?

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@asyrafahamed as for your concern, you can check out at luno status page
https://luno.statuspage.io about the current status on luno exchange. As many users around the world try to get their btc to hodl on :)

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i think luno pretty heavy on volume now cuz soo many people wanna onboard.

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Any other alternatives? Is remitano ok?

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I've not tried that personally ... You could try with a small amount and let us know 😀

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i used remitano alot @asyrafahamed . magical.. ^_~

great note! Thanks :) but still prefer to keep it still :P

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haha dont want to be BAGHODLER as well.

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What does H.O.D.L means?

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Ermm ... An intentional mispelled hold 😆😆 true story

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Any link to the "true story"?

Great info! Do we need to declare our steem earnings?

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only to yourself each night before you sleep

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Lol that’s a good one

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Declare to ourselves... 😁
And maybe to those who "laughed" at us saying us doing nothing useful online...
Nah! I am earning SBD... And 1SBD is about 10USD... Still wanna laugh at me ah.... Muahahahahaha

Thanks @bitrocker2020 for sharing this. It help alot...^^

it is really hard choice for me. power up is better for long term? or cash out is better?

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if you are below 2k SP .. i suggest power up kao kao

3 words - Mind-blown-ed. I can add a fourth, but that will make it NSFW.

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lol ! the water fountain effect

Terima kasih bos @bitrocker2020, lama dah bos tak jenguk blog saya ..hmmm hahaha

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lol ... i see always bro .... =)

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Lol..Thanks

thank you! now i need to pin this on my browser for future reference coz i’m not planning to cash out in any time soon.. must focus into increasing my steem power - taking your advice for long term benefits! thank you again! 🙏😊

Thanks for the post. I haven't really withdrawn anything from Steemit yet because I have switched to 100% Power Up for a long time. It's time to cash out some of them.

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Yes you should 😀 makes a nice Christmas present

Thank you for sharing. It is very informative.

Thank you for sharing this. Nice info to know.

Thanks bro. Will keep this arty for future reference.