Today I am going to introduce a function on Steemit that we may always use but not fully utilized - Internal market. You may have already used the internal market to trade your SBDs for STEEM to power up, but you may not have noticed that the internal market has
ZERO TRADING FEE!!!!!!!!!
How awesome! It’s like a gospel to traders. You can save a considerable amount of trading fees and get much more profit if you are a frequent trader.
You can simply click “Market” in your own wallet to enter the internal market. So convenient.
The spread is so small too that it is very easy for you to earn a profit here. As you can see, one of the most popular exchanges, the USDT market of Bittrex generally has a % spread with more than 0.5%. Moreover, you have to pay 0.25% transaction fee for each trade on Bittrex. The interface of the internal market also looks neat and clean, not hard to figure out how it works even if you are a newbie in trading.
You can view the buy and sell orders here, the amount and the orders that are recently filled here.
This is the screenshot of one of my trades and I earned 1.5% in 30 minutes. Yes, the amount of money earned here may not be significant, but actually its % return is very sound. Well, at least it's much more than the interest rate that you can earn by putting your money in your bank account, and it's just one single trade done within an hour! Just imagine how many trades you can do in a day!
The only problems here may be the market depth, volume and liquidity, but I can tell that the volume is increasing too! And these problems can be alleviated or even solved if you start trading here too! It may even become one of the reasons that people want to hold STEEM, for trading!
Indeed, STEEM did not rise drastically like what Bitcoin did, but STEEM has been trading within this range for the last three months. You can still make use of this pattern to make some money, and now with STEEM under $1, it seems like that it is a good chance to BUY!!!!
I know that not all people here have experience in trading cryptocurrency, but I think Steemit internal market is a really good place for beginners to start learning trading. Why don't give it a try if it is so easy and convenient, and it is FUN!!! In fact, I am trading in the internal market almost every day now. Let's go! Don't miss out this great feature on this incredible platform!
.png)
Thanks for doing this post in English I think it costs a bit as it is not your language but for many is better as it is better understood what you want to explain or teach and that is why you appreciate your effort.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yup. I have been buying steem from the market when it's low... Hmm... Maybe I should consider selling steem when it's high.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haha buying steem is not a bad idea at this price. Maybe you can also consider powering up
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yup... Been doing this... But I don't have much sbd to spare now... Actually no more sbd now.. Spent all on steem... But I am gonna keep 10steem
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, Steem is trading low but one day it is going to be huge. I don't mean as huge as Bitcoin but like $10 in a year.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah, $10 in a year!!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
$10 in a year would be a great start point:)...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very good post @htliao, i am always used internal market too..., it very simple and off course zero trading fee...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great. It is fun!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for reply and thank you very much for your support... now help me again and click here , and have a nice weekend @htliao
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
自从你上次教了我就都在内场交易，非常方便。谢谢
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Steemit internal market is a really good place for beginners to start learning trading. i will try later , thanks for your sharing ! good and usful post !
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haha thank you :) Cool.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I love the internal market, that's where I exchange my SBD to STEEM, because it has the best exchange rates.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haha I love it too. Yes it’s great!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
me too buddy @drakos - we have something in common again :-)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the information. The market is a bit strange in that you can't automatically "buy/sell at market" - which is basically the set and forget method to buy/sell. However, once you get used to missing that feature it's really quite a good marketplace and traders probably don't want to be doing "at market" trades anyway.
Another reason that I think the internal market is excellent is because the prices are quite stable and don't seem to swing as much as many other cryptocurrencies. I think some of reason for that is that there are a couple of accounts that bracket the spread.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think this may be because the price you enter turns out to be not the price you really submit for order(for example I entered 1.05, it may turn out to be 1.04998), maybe you can enter a higher price than the default price and can buy immediately.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I generally find steemit is very senstive to decimal places. So, I add the extra zeros to pad out to the number it expects.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm glad to find out that I'm not the only one trading here in the internal market lol. I think it is nice for beginners like me
@htliao, how often do you trade here? Does it all happen within an hour or within a timeframe? Because I usually just change my sbd to STEEM, especially when the price is low, then I just leave it there until I could sell at a higher price again (which of course it's taking so long). I also bought STEEM from bittrex and wait for it to go up again, then sell here. I appreciate if you could teach me.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't trade on the market since I'm in powerup mode. At most I hold back some of my SBD when the STEEM price is high and hold back no SBD when the STEEM price is low.
I might start trading later- but I'm a firm believer that you shouldn't HODL and trade in the same asset pair. So, if I do decide to trade then I might start another account to do just that.
But, yes, so far, the STEEM-SBD marketplace has been moving up and down in ways that make swing trading a viable strategy.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post
Yes the price now is so good yo buy and power up
Thanks for shraring the info about TRADING FEE
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes the price yesterday was really good. It is rising now!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thank u for this information. how do u know what to sell and what to buy? I ask because I know nothing about trading
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is good info! Good looking out.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
great post @hitliao, thank you for information
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Upvoted and also resteemed :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good job @htliao...resteem
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
very informative post thank you for sharing
thank you so much
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
very interesting post @htliao.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for explaining this more, I have had a look at the market a few times but didn't really understand it - this has helped me alot. Great work.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In these weeks SBD and STEEM prices are almost the same, no price changes. Unpredictable when the price will turn. If you do not mind @htliao, I really hope you can visit my post and support it
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @htliao! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i am using it and its very cool after you said it in your earlier post's i loved this internal market
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for the info! I JUST traded some sbd to steem power, but I used @blocktrades, as usual. Cant beat the price! I will try this next time!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't know how did I miss that...
I've been searching for ways to test my skills on playing the market with my 10 SBD 😅
Thank you @htliao
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I often used it after comparing with current @blocktrades prices - now bought some Steem again. Thanks for the summary, useful for newbies
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well now you've got me thinking... Thanks for the info! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hello sir. This is Auvishek Bhadra. Your post is just awesome. I am very beginner at this stage. Can you please help me! please upvote my post. Its pleasure to me. Thank you sir.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That is very good advice indeed. Still, people that are not so used to this type of trades and are used to the regular exchanges might prefer using what they know.
If there are a lot of people using this option, it is going to be become even more appealing.
Next time I want to turn SBDs into SP, I'll give it a try.
Cheers and thanks for sharing this useful tip!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks i will check it out!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the information, it is very important to be updated!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the information, it is very important to be updated!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit