AskSteemit #10: What will you do with your SBD/Steem profits?

in asksteemit •  7 years ago 


Some crazy times in crypto lately. After a long wait it seems like the new money is finally finding its way to Steem as well. I've mentioned quite a few times in chats and posts that Steem used to lag behind a little bit in the altcoin pumps, same thing happened earlier this year which may be due to the continuous inflation of Steem and SBD compared to most other cryptocurrencies.

Many have also been asking me lately what I'm planning on doing with my profits I've accumulated over the year. I don't really think I'm going to withdraw or cash out much, I find this to be a perfect opportunity to invest back into the platform. What I mean by that is that its time to show the world what the Steem Blockchain can do!

There's a lot of new eyes and investors coming into the blockchain world now. With coinmarketcap at rank #269 world wide it is not surprising that mainstream is just around the corner. It feels really good to be invested in one of the most technological advanced blockchains and at the same time it feels a lot safer here than on other crypto wallets.

I'm planning on building a lot of projects on the platform. It feels like the internet has just started again and waiting for a good web browser to handle all new innovative projects. I really hope that many more people feel the same way and will be looking to re-invest their gains, especially the enormous Steem Dollar profits that we are having these days. With STM's just around the corner and so many established projects here already, such as different platforms like busy.org and chainbb.com, we won't need to worry if Steemit.com gets ddosd cause the blockchain will be fine. Other big projects to look out for and use are also @dtube, I used it for the first time today and I was really surprised by how well it is working and has evolved. While uploading my video I could even watch it in real time, it had a really simple way to set a thumbnail and uploaded really fast. Reminded me of the first times I uploaded something on to Youtube before there were adrevenues available for all users and I was still using a slow DSL connection. The best part about it is that its decentralized and uses IPFS, your content is safe from removal and so are your rewards after payout you receive on the posts. Other projects to check out are also @dsound which is also a decentralized alternative to music and voice.

What else is there? A lot! Check out http://steemtools.com/ for more tools and other nifty things for the Steem blockchain. Everything else is just waiting to be created and invented, its up to us and everyone new joining daily to go ahead and start them. There are no limits or borders in the decentralized internet. :)

So what are your plans to do with your profits Steemians?

PS! I have a really exciting project to be announced soon that I've been working on for months. Stay tuned! :)

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Since I recently had my first baby I plan on using it for help and completing my further studies since I am unable to work right now

I'm putting mine towards Christmas gifts for my family since I didn't think I'd have the funds to buy anyone anything this year until the price jump. Probably not a wise idea since I could be using them for investments, but I'd rather get my loved ones some things that they could use/need right now.

It might be just as wise to invest into your family, as it is to invest into crypto ;) I'm sure they will all be thankful for what you did!

Terrible time to take profits when we're barely off the mat and we've got at least a 100x to go.

I agree with you on your decision to hold long and strong!

and thank you for all your hard work.

It is kind of leaving a baseball game in the first inning.

Good point. I think this is a great time to Power up everything you got!

Very nice strategy I would say... Steemit belongs to those who believe in it ,the power it holds and new arenas it can usher.
I personally endorse your strategy to reinvest in the platform.

Looking forward to seeing your projects. I'm liking IOT and ADA at the moment. That, and a new computer so I can write faster. :)

I actually Bought ADA recently and i'm glad I did, I feel like i missed the IOTA* gravy train though.

I am converting SBD into Steem. Holding Steem

That’s what I do since I joined in June 2016 :) Never powered down. I just keep going little by little

I see you! I'm with you!

Halten
Lange oder gan,s lange oder gans ganslange!
lange=3-5 Jahre
gan,s lange =10 Jahre
gans ganslange 10-20Jahre!!
ob es Steem da auch noch gebeb wird???

Don't forget to power it up ;)

We will improve our (GaminGHD) Shows and we will start making more shows and QUALITY ! and i really want to move on D.Tube but i have no idea how to move 700 videos on D.Tube...

Good luck with that on DTube^^
Viewly is also a platform like DTube but they want an independent coin. Currently there is only the alpha version of Viewly which uses the Steemit blockchain. In this version you can paste a YouTube link and then it uploads it to Viewly. I never tried it so I don't know how well it works.
Try it out: https://upload.view.ly/

If you want to get updates about Viewly, then you could sign up to their newsletter with my affiliation link:
https://view.ly?a=jbpViewly

I would appreciate it :D

Thanks for another great post! I personally intend on HODLING on to my earnings no matter how much it might be. I see a bright future for STEEM and I bet it's coming sooner than we expect!

I think we will see a bright future as well, so it's probably going to be worthwhile to hold onto as many Steem tokens as possible! Might as well power them up if you are planning to have them for a long time ;)

I totally agree!!! I'm exchanging for STEEM like a maniac :P

I'm HODLING all my altcoins. Some of which are EOS, ATBCoin, PeerCoin, ETN and Steem for sure. Its just fun hodling on to them cos I see a bright future in cryptocurrency. At the same time, im powering up all the SBD ive got.. This a great opportunity for that.

Yeah, there has never been a better time to sell the SBD to Steem and power it all up! Anyone can gain influence on the blockchain pretty easy with these crazy prices!

Hi author.. since this is new to me.. if i get reward from steemit.. i would like to use the money to pay for my children school fee.. currently i'm facing hard time due to money constraint.. suddenly someone told me about generating extra income from steemit.. really hope that steemit could help me solve my problem..

So what's your advice?

What I am planning is to invest in more on steem and other cryptos to it make it grow then later on if I become financially free, I will buy my parents house and lot and we will travel the world together, I will also help other steemians achieve their dreams and the act leverages! :)

Awesomeness

a portion of it will go to savings, then some will go to school's tuition fee I haven't finished my college degree yet. If there are steemed power parks and charity events why not become a steemed power student right? And then lastly a portion to give back to the community by sending some money to the charity. Steem is so amazing and we just need to share it to others too.

I am powering up as much as I can, and when my voting power is higher I plan on curating a lot more, because there is way to much great content that never even gets seen, and that's definitely not good for Steemit.. Especially if we keep losing good content creators that don't get noticed, and leave.. However I do agree it's better to just keep trying, but I hope it is not an issue for others as we grow.

I am with you...all my steem is going right where it is...it is not moving. This blockchain is going to be one of the best stories of 2018 and STEEM will follow along with it.

Anyone who has profits now, that is a mole hill...go for the mountain.

As for exciting apps, DTube is awesome since it is so simple that any youtuber can use it. The other is zappl, which still needs a bit of work. However, think about all the tweets that go out and the option to do the same thing but get paid for a zap.

2018 will be huge @acidyo.

I am really looking forward to your project...it is exciting to see developers producing their own stuff.

Well, after life having children I have had to do with both a life of doing without or where one of the boys break something dear (my youngest trod on my MacBook and cracked the screen!).

I’d love it if I could use profits for something positive for me.

I’d love to get a Surface Pro - so I can start making mixes on the train again (and upload here).

I’d love to get a few hardware synths to round out my unfinished studio.

But I’d also like to do something for my family. Take them away on a plane. NONE of them have ever had a chance to do that, and I’d like to make that come true. The youngest has just got the concept of a holiday so I’d love to make that come true for him.

Absolute dreamland would be to pay enough to be able to move out of this two bed terrace (four people is a squeeze) and into a bigger space.

I’m willing to make an effort on here, I am a writer. My chosen specialty isn’t really a hot topic area of Steemit but I’m willing to make it my own. You’ll find me lurking in the #electronicmusic tag.

If anyone wants to donate something to a newb who is trying to get into crypto, I will take some of those great earnings off your hands grin

GG Steem! I am happy to see value being added!!!!!!!!

You can take the lead and build a community out of it.

Precisely what I’m trying to do, I’m all over the tag!

  ·  7 years ago (edited)

Im trying to make the best of it and power up as much as possible in hopes of supporting the lovely people of EcoTrain. They have supported me for the past 5 months and honestly without them I would have given up on steemit. Honestly not many people give out support to others that they don't know personally.

Much love and a ton of appreciation for your commitment @acidyo. You are an inspirational man <3

Also il try to start a comedy style Vlog series on D.Tube ^^

Invest in steem power (leasing and converting steem)

For me steemit is a better way for a normal person to earn money online to start either trading crypto-currency's and to trade in return for money

For me, i would rather save my sbd and steem in the form of steempower however when the time comes i will use them in buying or trading stuff

If compared with other websites for earning money, @acidyo
your GIF explains everything
Facebook,youtube,instagram,twitter,reddit, and the other one that i dont know.

there melted

That gif touches on a whole lot. i looked at it again earlier today

I'm using it to power up like there's no tomorrow!

Technically if there were no tomorrow you wouldn't be powering up.

Hahaha great answer!

Yeah, best answer! hahahah

Lol, thats true 😂

I cant wait for you to anounced your project, and specially thank you for all your supports

I'm investing in some other coins that are on the low side. So hopefully, when those coins go up I can reinvest those profits back in more steem. >_>

Invest in steem to grow more the account and go saving pair acompra run computer gamer, which I have already is 7 years old.

I will be aware of your project

i will buy mining rig... and start mining.

I'm excited to see what your plans are, @acidyo! It's great that you invest back into the platform instead of cashing out :)

As for my own SBD profits: my original plan was to power it. However, as what any normal grown man would do I instead spent it on digital kittens. It might not have been the smartest choice, but they're just so cute :P

For sure I will put everything I earned into Steem Power.
There is so much potential and the platform is just in the beginning.
So everyone who now starts powering up und putting time and effort into his posts, will be happy in the end.
I am convinced, so no thought wasted What I will do! :)

Hold that STEEM and reinvest it

My pipe dream is to retire in 10 yers at age 48 and get out of Corporate America. More realistic plan is pay off my house. Even more realistic, just hold it and withdraw money once or twice a year for vacations.

Wünsche dir das!

As my posts have not been doing so well lately, I do not have much to do anything with. I will be using some to continue on building our homestead debt-free and will be powering back up with some. I have been doing lots of curation as of late so I hope it will help out. Hopefully, things will turn around for me soon. It has been a long road and it has been fun and I will continue to keep moving forward on Steemit.

Here's a small challenge to maybe earn a bit more SBD. I just nominated you my 'pick' for today. Have fun and hope it helps...

Seven Day B & W Photo Challenge

I just have to figure out how to B&W on my phone. That is all I have right now. Thanks! If You can help with that I will accept that challenge.

I use my photo host website's edit function. The 'effects' portion includes the B&W option. I'm not sure if that's applicable to a phone camera. Fingers crossed it helps...

I have got it figured out. Thanks! It is in the effects.

Woot! Cool beans!

Err.. more food..

I am going to save my to pay for next years steemfest!

Go to Bali with the rapped OCD money then I exchange it from SBD in STEEM to even buy the yacht there.

I plan to hodl on to my currently meagre earnings and become wealthier with Steem into the future.

I do plan to sell some of my SBD someday soon and maybe buy a bike or a car. But as of now I just have a few SBD.

Maybe when I start making a thousand dollars a month I might start selling some of the SBD that I own. Until then I will just power up and up and up.

My rewards pile is small right now, but I am hooked and I plan buying Petros when they become available.

I am going to start a 2 year hitch-hiking trip in the middle of 2018. I hope Steem will somehow help me not be hungry on the road :D

I am going to power up for sure, but sooner I am waiting for just a little decrease in STEEM's price, in order to be able to buy a little more :) I see good and interesting times are comming and I need to be prepared!

This is what i call wisdom, i think i need to learn from you @acidyo

I think I'll sell Sвd on the stock market and buy Steем there. And then we'll have a look :)

I'm so sad that I sold all my SBD for Steem 2 months ago...
But it's still great to see all those high numbers which hopefully will stay!

Sup dude! I'm planning on powering up some, invest a little in other cryptos and funding a future project I'm working in; Bottom line is I'm All in with Steemit!

Converted my huge 0.3 SBD to 2 Steem :D
gosh I sold 40SBD like 3 days ago @ 2$ :(

By the way, although this is a slightly irrelevant comment, should I be moving my videos over to dtube in your opinion? I thought about it the other day, but then I'd have so many mirror uploads coming up on here and that'd probably get annoying for my followers.

Also, I don't know if you saw my comment on the CS:GO post you made, but if you ever need help editing footage for a future post hit me up. I'd be more than happy to help, and I have gotten pretty proficient in video editing lately with all the stuff I've been making for Steemit posts.

HOLD ON TO IT... and then play a lot later! :) If I could make a living off of Steem, I would spend my time volunteering at animals shelters :)

I'm investing in Steem what else? Congratulations on hitting 74.

me no sell, only buy!

Most of it I will keep invested in steem, meaby move a little profit to other coins and keep investing there. I must admit that with my latest profits I bought my girlfriend a tablet :)

Right now, I'm waiting for my Bittrex account to be verified. During the time, I'm trying to buy/sell SBD and Steem for profit to ease all the stress in before Christmas and New Years Eve... Which obviously will be even worse if I don't get my Bittrex account verified before then.

That being said, I have also every intention to invest back into Steem Power and I have some ideas on what to do for a better Steemit experience in the near future too.

Unfortunately, I can't afford to rent enough Steem Power to make the most out of my ideas. Perhaps one day I will.

Buy all the cuteness in the world !
Like crypto-cats, crypto-pugs or crypto-platypus !!

Don't buy crypto-ponies though, those never turn out well...

I will pay for a dinner for my parents who would give the world for me...

  ·  7 years ago (edited)

Since Christmas is coming and SBD is high, I plan to send money to my family in the Philippines. And because I believe the future of Steemit is so bright, I usually use my earnings for power up.

  ·  7 years ago (edited)

Awesome. Nice to learn all these new oportunities. Im new to steemit, hope it will be a nice ride in this plarform. Btw anyone know how to change coinbase country location so i can buy bitcoin there?

I’m working on building bigger prize pools for our games.

i never convert sbd or steem, only accumulating more steem.

All the profit from Steem Ill make for (hopefully) few years to come will be kept in BTC. I only trade with the steem though i dont intend to sell it forever, therefore i always buy it back..

I have lots of plans but first is to invest more on steem, Bitcoin etc

RISIKO und CHANGE
Kurz oder Langfristig!
Was wenn die Kryptos scheitern??

I really hope that many more people feel the same way and will be looking to re-invest their gains

I'm investing every damn sbd in steem power.. I strongly believe in the success of steemit!

I plan to engage more in the platform.. I have been cashing out this year, but as much as possible I wanna keep everything in Steemit next year... I hope so.. ^^

Very possible. I am working hard. Twill be more evident really soon

Thanks a lot for your constant support sir Terry... I hope to talk with you again soon... :)

Bought 3 Steem Silver Rounds from Phelimint.com who is now accepting Steem and SBD as payment. SBD is stuck at the $1 value so if you're going to check it out I suggest paying with Steem in this current state.

I am planning to cashout on some of my SBD's and trade them in the internal market for STEEM. And hold unto my SPS's because I believe that they would go up in value anytime time soon @acidyo

#PSA: Don't send SBD and STEEM funds to Poloniex

I am hodling it.. converting sbd to steem and then powering it up..

I paid a couple bills but will reinvest

Build up some steem power

When I joined steemit, my ultimate goal is to enrol in an online atelier that costs $111 for the first 2 months. :) I am so looking forward to somewhat get passed the label of being a self-taught artist because i'll be part of a beautiful community in Sadie Valeri Atelier!!!

After that goal, POWER UP all the way although SBD is sooo tempting these days. :)

Thank you @acidyo for your hardwork and support to this wonderful community! All the very best!

  ·  7 years ago (edited)

best of luck for your wonderful projects & good work friend @acidyo

i resteemed all post that everyone could see it...................

best of luck for your projects....

Ja Glück und Erfolg!

Very patriotic plans, delayed gratification is a virtue and hopefully I will reinvest also

i will try divide the street people.
thank you

I can see you're working hard these days... Sbd at this level it's like offering honey to a hungry bear...

good to know! I will wait to see those projects! As you know I am curious so I hope I will not have to wait so long :D

The rich get richer ### steemians , hahahah

Brilliant, it just gets better and better.
Thanks for the info acidyo!

Ja da gets rauf und runter!!!

DQmQMdBpVvZQQ6MGGvNhEEYgPjUCMpBwqKutVZBvJHUjcTA_1680x8400.png

  ·  7 years ago (edited)

I was thinking about Steem. This is a good option now, and it will grow.
But also now I keep SmartCash. At the end of the year they will launch a MasterNode, which will significantly raise its exchange rate. Maybe higher than Steem.
Perhaps you will be interested in this. And I would be glad :)

I will end worth suffering. Then buy and own my whole neighborhood.

With the winnings that I will draw soon, they are raffles and contests to all my friends and followers

Great job bro thanks for sharing this post. you have my upvote & resteem @mannyfig1956

I have not gotten much out of the recent surge in sbd rate but i hope to make enough to get new laptop and other relevant equipment to make my blogging on steemit better

I just got my steemit account yesterday and this is my very first post (so I hope I do it right! Intro post soon.) But reading what everyone else wanted to do, sharing your hopes, dreams, practicalities of babies, tuition and Christmas presents. You guys are awesome!

With the winnings that I will draw soon, they are raffles and contests to all my friends and followers

Your post has been resteemed to my 2500 followers

Upvote this comment if you like this service

it's been only around 4 months since I joined Steemit and learned about this wonderful crypto world.. So far I been investing back to Steemit whatever I have been making here.. I hope to invest everything back for the next two years and then maybe buy a sexy car.. I hope Steem continues to grow and the crypto market just don't collapse before I get to buy that car 😎

Split between steem and other cryptos. I think I'm the only one on here who has known what Crypto is and didn't have any. I hink steem might be one of the best places to keep it though

Looking forward to your project dude.

I am new on steemit so i am planing to invest all of my earning to increase my steem power. So that i can increase my voting value and help other newcomers on steemit.