how to accumulate value in steemit

in hive-175254 •  4 years ago  (edited)

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One of the things I like about this social network is that it allows me to trade between currency pairs from the platform and that from my point of view is an added value, because when you have little profit every dollar counts.

When you enter your wallet there is a place called currency markets where you can buy and sell SBD/STEEM. But how can I make a profit here? It's simple but you have to practice to improve.

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Here are the steps to follow:

1- Enter your wallet: this area of the platform offers several options, among them is trading in Binance, Poloniex and Coin Markets. In this article we will concentrate on how to trade in the Coin Market.

2- Once you enter the "Coin Market" you will be able to visualize 02 areas (one where you will exchange your SBD for Steem), this is where the lowest bid and the amount of SBD available will be reflected, that is to say, the SBDs that you won for your items and (another where you sell your Steem to exchange them for SBD) here you will also have the highest bid and the amount of Steem that you have.

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3- Once you know these areas, you can see the price indicators to make a decision about when to change SBD for Steem and vice versa.

What I like personally is that since you only work with the SBD/Steem pair it is easier to determine when to make the exchange transactions either SBD/Steem or Steem/SBD. The value of our items is paid in SBD, so that currency will be our starting point.

Let's say you already accumulated $10 in SBD for your items, when you have this amount you go to Coinmarketcap and/or Poloniex to locate the Steem vs. In that graph you find the lowest value experienced by Steem in the last 6 months, then locate the highest value experienced by Steem in that same period of time. This is done to determine the minimum entry price and the maximum exit price, or what is the same, the moment I will pass my SBD to Steem or my Steem to SBD

Let's say that the experienced minimum of Steem in this period of time is about 0.195 SBD/Steem (each Steem costs 0.195SBD) and the experienced maximum is 0.35 SBD/Steem (each Steem was achieved at 0.35SBD)

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With this reference you will expect Steem to reach its minimum value experienced in the 6 months and once I change my SBDs for Steem, I will now be on the lookout for when I go up to sell them.

I know that many people who already have enough experience in the cryptomoney trade; these tips and/or simple explanations don't like them. But the article was created for those who only have experience creating items and for various reasons do not know how to take advantage of this option that provides the platform.

If this is your case you can leave in the comments a tip for them and if you are one of those who have not yet explored this option, with this framework you can try, as it will allow you to win and / or increase your coins with little risk. Having a minimum and a maximum reference, it will facilitate the realization of your operations (buying and selling)

I hope you like it, I'm very happy with the results... Greetings.

Note :
This strategy is based on some of my experiences in the crypto coin world, it is not a business recommendation, therefore its use is at the risk of the user.

Written by:@Trabajosdeliglo.

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Most of the time what I do is to get my steem exchange to sbd when the price is high and wait for the steem price to fall and get it exchange back to steem making me to earn some few profit during that process.

A couple of days ago I earned $1 at hive and with the purchase at steemit I'm waiting for the starting price to get $10, the amount you earn will depend on several factors