My old SBD/Steem Bittrex Strategy vs Current Internal SBD/Steem Market

in sbd •  7 years ago 


Source: https://pixabay.com

  • At the Beggining as a Neophyte, I sent SBD to Bittrex where I exchanged them for chunks of BTC when prices were low with respect to averages, them sold them, bought Steem, send them to Steemit and then Power UP. Everything looks just fine, and still make sense if you clearly see a jump in BTC prices where you profit based on your expectation of price hike.

  • But then, came @cryptoctopus with his warning of Never use the "CONVERT TO STEEM" botton: Always go to the Internal Steemit Market. That post change my life, the way I change SBD and my whole 2018 Capitalization Strategy.!!!

I had never used the internal market, nor I was even aware of it, due other confusing internal links of Steemit:

Also, somewhere I read that changing SBD into Steem would take at least 3 days, which was not in line with my Real Time operating mode. All of these made me go into the Bittrex Exchange for Real Time transactions.

However after reading @cryptoctopus, I started to use the INTERNAL MARKET, and I am finding I can get more Steem in a faster way than going Bittrex.

Hence I shift my whole strategy: Now I would send to Bittrex only those SBD that I would like to invest in other cryptocurrencies, but not for exchanging them to Steem for Powering purposes.

Of course if I were to exchange SBD on Bittrex, it would be for BTC or any other Crypto I could sense a huge profit so as to buy even more Steem and make more SBD, in a indefinite cycle.

I want reach 1,000 Steem the fastest. I have realized that large amounts of Steem behaves as Black Holes regarding Followers: The more you have, the more they suck in due to the gravitational pool of potential rewards on upvotes and cash cow milking.

So far, I am making very good at this Strategy

Could you share yours?

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bcz you are my friend, i have doubled my vote to you 0.038 and resteemed to 430followers
btw, 0.01 steem is 1/8 of sbd value - ok honey
but as i said, you are my friend - love you

1,000 SP is a magical number in my mind. To start, it makes you votes worth something so that you can upvote others and actually be giving them (and yourself) a financial reward.

The second thing is that I believe we will see $100 STEEM. WIth 1000 SP, that will be $100,000....that changes the lives of many people.

Welcome and keep up the good work @justinomora.

Thanks for your comment: Yes, a 1,000 Steem Power. I am a lover of log base 10 and of statistical Math. At log = 3, then I can make financial impact calculations and see if I want to invest more time, money, creativity, and imagination in this Cloud Mind Mining operation as I call it. I have to say I find steemit.com extremely fascinating and mind blowing to the point some are starting to think I went nuts.

Well done post . You deserve for getting Upvote from me. I appreciate on it and like it so much . Waiting for your latest post. Keep your good work and steeming on. Let's walk to my blog. I have a latest post. Your upvote is high motivation for me. Almost all Steemians do their best on this site. Keep steeming and earning.

DONT FORGET VISITING MY BLOG

**

My Link : @insideeesteem
**

Img

Thanks for your upvote. Start Following your posts

You welcome 😊😊

Certainly pushing towards this same goal myself also. This period of SBD high prices has certainly helped with getting there quicker. If only I had more SBD to trade! pretty much gets traded on the market as soon as I've collected it.

And thankfully the link to 'convert to steem' seems to have been removed from the wallet links now too

Thanks for your comment. I started to follow your blog

I am on steemit almost 7 months, and my strategy was always to withdraw steem dollar and convert it into bitcoin because I was seeing that the price of steem dollar just going down, but when it start to go up from 1 to 5 dollars, I decided to not withdraw anymore, and at the same time I find that people are buying upvotes here and I start to do it, latly I bought an upvote for 6 steem dollar and the post made me $17 and today I bought an upvote for 10 steem dollar and it made me $30, so it's a very good way to grow on steemit, I will not withdraw for about a year because I am a long term investor, I will do that to grow my steem power and then I will do some business on steemit, this is my strategy for now, I hope everything will be ok in the future and steem dollar will just grow in price.

I don't quite understand the business model of buying upvotes since I can not control that process. I am using is resteem services to grow my followers and hence increasing the likelihood of getting upvotes and get a worldwide exposure

It's very good, you can also join my group : ↕ Resteem to steemit. I am moderating the group for about 6 months, I have there more than 17000 memebers, the main rule in the group is to resteem someone from the group and then post the link of your post there and other people resteeme you. I hope you join my group. ☺

Groups???. Are they internal to Steemit.com or external from other sites.

no it's just a group that was given to me before because I was very active on facebook and they proposed to me to take it because the admin wasn't active, and those days I was new to steemit and I decided to convert it into steemit group and moderating it, and I came with the idea of resteem to be resteemed and I still defend it because I've read about smm(social media marketing) ans I know how it's important to share to grow on the web.

I think resteem it's like share in facebook or retweet in twitter, so this why I belive that more people resteem you the faster you will grow, and I didn't see a lot of people that care about resteem, usually everybody are crazy about the upvote.

Well. I am crazy but about buying reshares = Resteems. Not fun of buying or selling upvotes

At this moment I am not center in cash milking cow operations. I am center on Network expansion. I am used to run networks in the thousands. I enter Steemit.com on June 2017. But it was not until December 2017, that I started to assign 40% of my time to Steemit work

Believe me I did a lot on steemit to grow, I am here for almost 7 months, and you can check my last post and you will undersrtand how much I spend time to grow on steemit, but I still earn cents if I don't buy upvotes. Buying upvotes it's like an advertisment for me to be noticed by big people on steemit and I decided to not withdraw steem dollar any more from steemit for one year, I want to use all my earned steem dollar in growing here to have a lot of steem power and to incease my reputation, I am tired from earning cents for a work that deserve much more and I am building also a community so join me, let's work together. ☺

I really have a very deep intuitive feeling that buying upvotes may be just scamming. I rather buy Resteems. Currently I pay $1 USD dollar per 10.000 followers. I use the formula: (#Followers* /(10000*SteemValue). For example for 1975 followers I will pay 0.1097 Steem per post

The 10000 boundary comes from Facebook and SendGrid

the resteem in our group is free

I am getting out of Facebook. No sense in coming back. Besides my subject matter is highly specialized : Job Search, Headhunting & Recruiting

Yeah, I do the same with putting SBD into bittrex and investing in outher cryptos.

Thanks for sharing your experience

Resteemed and upvote by@drakbirkenau

This post was resteemed by @steemvote and received a 45.16% Upvote

May Peace, Love, Awaken and Awareness be your guide.

Resteem your post at Steem/SBD 0.03

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