Hey everyone! I've gotten a lot of questions about SBD and STEEM and what I expect in 2018, here's a short post on my thoughts regarding the price of SBD and STEEM and what I'm doing with my payouts right now.
As you've noticed, the price of SBD is high and it's allowing every author on Steemit to earn massive rewards and either power up or diversify into other cryptos or fiat.
Do I think the price of SBD will go up?
If you look at the fundamentals of SBD and STEEM, it's clear that they are supposed to move inversely. As the price of STEEM goes up, the payouts on Steemit get larger and therefore, more SBD needs to be printed in order to pay authors.
As SBDs are printed, the number of SBDs in circulation increase and thus, should dilute the overall price of SBD. This is contrary to what we have seen over the past several weeks - the price of STEEM has risen and the price of SBDs somehow continues to stay high.
What this tells me is that there are a number of people who are continuing to buy/hodl SBDs in hopes that the price spikes back up to $18. Fundamentally, this would be a bad tactic, but you have to keep in mind that SBD is a cryptocurrency! Cryptocurrency price movements do not always reflect fundamentals (in fact, the majority of crypto price movements have nothing to do with fundamentals!!).
There's also been a lot of speculation that there are several large investors who are utilizing the low supply of SBDs in order to pump the price and make a profit by dumping massive amounts of money into SBDs. This is definitely in the realm of possibility, but I have no way of confirming it.
Do I think the price of STEEM will go up in 2018?
I think 2018 will be a huge year for STEEM. Here's a few quick reasons why:
- HF20 will be released
- SMTs will be released
- STEEM is fundamentally the best blockchain (in my, and many others' opinions)
- Steemit has seen explosive growth and it is continuing into 2018!
- The STEEM community has a vested interest in the growth of the platform and we are all working as hard as we can to make it better for everyone!
- The Snowball Effect - Steemians are obsessed with getting their friends on board (I know you've told at least 1 person about your excitement for this platform. I've told everyone I know and many have signed up as a direct result! Steemit is growing like wildfire and its mainly by word of mouth from fellow steemians!!! Keep up the good work!).
What am I doing with my SBDs?
Because I can't really make a concrete prediction about the price of SBD, I've been selling roughly half of my SBDs as I receive payouts. It's a kind of middle road that makes me the most comfortable during these volatile market movements.
I've been using the income from these SBDs to do 3 things:
- Buy Steem and Power Up
- Diversify into other cryptos
- Diversify into fiat investments
If you go to the internal STEEM market, then you can find the ratio of SBD/STEEM, I try to time my trading of SBD for STEEM when this ratio is peaking at its 7 day average.
I diversify into other cryptos if the ratio of SBD/STEEM is too low and I spot a good buying opportunity in a particular project that I research and like.
I also participate in real estate development and investing and I diversify a portion of my earnings from crypto by purchasing land and investing in several real estate projects. I've considered starting a vlog series about my real estate projects, would you be interested in getting an inside look as to how I make money in real estate? Let me know in the comments!
Disclaimer: this is not financial advice. This is just one man's opinion, do your own research and seek professional financial advice before making investment decisions.
QOTD: What are you doing with your SBDs? Are you hodling against the fundamentals, deploying a middle of the road strategy like me or selling them as fast as you get them?
P.S. In case you missed it, TKC has moved back to the comments and QOTD! For the past week, we tried featuring authors but it turned into a beast that we didn't really enjoy handling. I miss the old days when we would have our discussions in the comments rather than accross a multitude of posts. I hope you also enjoy the new changes! Thank you for reading and supporting!
Don't forget to leave your thoughts below and I look forward to seeing you in the comments!
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You are like 5 steps ahead of me. I am always disappointed when I go to market and find steem prices getting close to SBD. Steem always seems expensive compared to even a couple weeks ago.
When I explained Steemit to a friend and showed him the wallet he asked why posts don't pay in Steem and just get rid of SBD altogether. He said it just makes things more complicated.
When I searched for SBD for USD in google I got information about the Solomon Island currency but nothing about the crypto.
Thanks to you @khaleelkazi and some other generous upvotes I finally have some SBD. Not only am I learning something new every day but I am earning SBD. Now a clear plan of action is necessary.
You give a great example of diversification. As I gain insight into the methods and markets I will diversify and consider cash investments as well. My next post will be similar about HODL nuts. I will let you know when it is finished.
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Yeah, STEEM seems really expensive right now, but then again, so did Ethereum a month ago when it was around $400 and now look at the price! Betcha wish you could buy some Ethers at $400 (I know I do!). I think we'll look back at this moment and realize that we should've just dumped all our money into STEEM, but nobody can predict the future, so I think it's best to stay diversified and mitigate your risk. The SBD and STEEM have a necessary relationship economically that requires both to be used on the STEEM blockchain (at least to my understanding, please correct me if I'm wrong).
Thanks for sharing your post as well! I'll check it out soon and hope others do as well!
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Steem has a bright future and will be around for the long term. This is a wonderful blockchain and can be super profitable... I hope we all crush 2018 and be 5 steps ahead of the game
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Here is my opinion of HODL or FUD. Don't just HODL but prioritize what to HODL (nutashi sakamoto post) Good luck on your enterprise.
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Each time I have SBD in my wallet there is this fear of loosing paraventure the price falls down. I have always traded SBD for steem and other crypto.
I will love to see some vlog about your real estate.
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I agree @samiwhyte! I have a similar fear all the time about holding SBD, it's honestly more worth it to sell into other crypto or STEEM and wait for the price of those to go up. I hate that feeling of uncertainty over the market of SBDs. Thank you so much for your input on the real estate vlog, I think I'm gonna go ahead and do it when my newest project starts (should be next Monday)! I'm super excited to share this side of my life with all of you and I look forward to hearing your input as the project progresses and new projects begin!
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Looking forward to the great project
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Well thanks for sharing the details in an easy to understand format for a newbie like me, Khaleel. In the morning I was looking at the tkc digest and could not understand what you mean by going back to old days. Now i can sense that from this post.
I have just started to learn the platform and most things are new to me right from blockchain to crypto. I am currently working on to increase as much SP as possible by sharing more and more quality content on Steemit. Hence, I convert all the SBDs to Steem snd then power up 100% with them. I believe in the power of this platform and hence, do feel that best way to survive and improve and advance yourself in Steemit 2018 is to keep working hardand reach a target of asmuch SP as possible by the end of it. I honestly hope it will help me in long term than cashing out short gains.
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Thanks for supporting the community @devilonwheels! I felt that going back to the comment style discussion was a much better way to engage with the community and encourage good content and good insights and from this post, I think I made the right choice! I hope you and the community agree with my decision and find more value in this post than in the curation posts! Please let me know more of your thoughts as this project continues! I love that you're continuing to power up and invest in the community, I think that it will pay off in spades for you. Having a long-term mindset like yours is the key to creating a real impact! Thank you!
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O yeah !! When it comes to engagement, I do believe too that comments make a lot of difference. IT helps you build strong readership and community around it and I am sure will help the collective grow. On the other hand, it will help especially the newbies learn from these insightful articles if they decided to post some meaningful comment and get into the discussion. It brings a win-win situation IMHO. I am sure I am going to love it and will do share the feedback here or on Discord whatever I feel is going along or whatever needs some improvement/considerations.
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I was also thinking that HODLING SBD is good but your logic is very genuine if price of steem is high then more sbd will print & price will go down. Its good to to power up & buy some other cryptos instead of holding them. Thanks very nice analysis.
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Hey Vegeta what are you doing here? How's the tournament with Son Goku ?
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Exactly! Thank you for your kind words and support @kartiksingh!!! I agree, it's good to diversify rather than blindly hold onto something that you can't really make a concrete prediction about!
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I think this is one of your best posts! I look forward to the magical things Steemit has to offer this year.
I truly want to hear more about your real estate projects. Real estate fascinates me.
Currently I am working at getting the following before HODLing and SBD or Steem:
I will then return my focus on Steem and SBD.
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Thanks @sequentialvibe! I really appreciate it! 2018 will truly be a magical year for Steemit and crypto as a whole! I also appreciate your input about the real estate, I'll surely start posting about it as soon as my next project starts (should be next Monday!!) Those are great goals! Smartcash is something I've been looking into and it recently pumped like crazy! Are you staking for the dividends each month or for the masternode?
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It will be a great year indeed!
I am working to get 1,000 SMART to do the stake. Very few coins allow staking with a web wallet!
I can't wait to hear about the Real Estate and learn about it. I want to buy land and homestead someday soon!
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While I agree with the fundamental analysis for Steem and Steemit, I kinda don't so much with your view on SBD. Imo there are two effects to that:
This is kind of a general pattern, but its economics obviously also depend on the amount of Steem and SBD out there as you mentioned. Therefore, the pretty much parity we've seen will surely not prevail forever...
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Thanks for reading and sharing your views, I appreciate hearing your perspective.
I'm not entirely sure that the price of SBD front-runs STEEM. You do in fact generate more SBD from having a higher SP, and a rising SBD price will surely cause more people to want to power up and start posting. But, with more and more people powering up, it requires more and more SBD to be printed in order to pay those people. As the volume increases, it will cause downward pressure on the price of SBD. This should make the price go down, but SBD is being bought/hodled for some unknown reason.
Though you can generate STEEM from buying upvotes with SBD, you also earn 50% of that increased payout in SBD that also must be printed. Thus, causing the volume of SBDs to increase even further, which, under normal economic theory, should dilute the price of SBD.
Again, SBD is a crypto and despite all of these downward market pressures, it continues to have an elevated price. I'm not mad about it at all, in fact I wish the price of SBD would continue upwards as it allows myself and many other posters to power up more SP.
Thanks again for your perspective, it really is valuable and I hope to hear your perspective on my 2 points as well!
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Great discussion, thanks for your reply!
Yes, I think we're also discussing short-term and long-term effects here. Short-term the dilution effect of SBD isn't as strong as e.g. the "soak" effect of new people coming and wanting SBD and Steem. Longer-term this will look differently, as you described.
However, I may adopt some of your payout-strategies once the amount I'm making becomes meaningful :-)
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Thanks for your insight! I am currently doing a fundamental analysis of steem and SBD and it is looking very promising.
There are multiple factors that put Steem in the green zone in my opinion, but 2018 will be the year when we really see what all solid cryptos are made of.
Thanks for the great post!
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Anytime! I'd love to see your analysis of STEEM and SBD in 2018! I agree, this year will be the year when many projects are put to the test for real potential versus promised potential. My friend @dividendgrowth actually told me about your recent posts on passive income, I'll also check them out! Thanks for reading!
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Great, drop me a reply in a week or so and I'll let you know my final analysis - happy to do a post about it if there is a demand :) that is great to hear, thank you! I would love to hear any feedback you have!
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Hey @khaleelkazi !
I like your investing strategy.
1) Buy Steem and Power Up
2) Diversify into other cryptos
3) Diversify into fiat investments
Very diversified.
What cryptos are you invested in currently if I may ask? I personally have most of my holdings in KMD and NAGA.
Followed and liked.
Cheers!
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Thank you for the kind words @vismonkey! I appreciate you reading the post! I haven't invested in KMD or NAGA, but will surely check them out!
My list of cryptos is pretty extensive and continually growing. I'll make a post tomorrow about the full portfolio, as its changed a lot in the last week! Here's a few that I just recently established positions in: SUB, NEBL, IOTA, DNT (this is not financial advice, just what I'm personally doing).
Thanks for the support!
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Thanks for replying :)
IOTA and DNT are obvious ones, I am invested in them, smaller amounts though.
I'll do some research tonight on SUB and NEBL, see if I can diversify my portfolio a bit more.
Cheers @khaleelkazi
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Of course! IOTA and DNT are super exciting but so are SUB and NEBL. SUB is very interesting especially now with the Net Neutrality laws as well! Let me know what you think of them, I'd love to hear your opinion!
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Definitely like Substratum's idea of decentralizing the web. Didn't they do something similar in the show Silicon Valley?
They are a top 80 coin with a market cap of over USD $400M which is pretty respectable. I'll look at NEBL as well. Cheers!
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Yeah its an amazing idea! I'm not sure about silicon valley, I only watched the first few episodes so far (ik, I'm slacking!). Cheers!
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The best thing you can do is to take profits and continue to reinvest your money. Completely agree with what you are saying, I plan to diversify into various cryptos personally. Keep up the posts.
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I totally agree! A lot of people are too afraid to take profits, but it’s just risk off the table and money that can be diversified into other assets! Thanks for your support @koldy!
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Great post. I am relatively new and still trying to figure out how best to apportion my surprisingly large Steemit returns. It may seem like small potatoes to some but daily I am happily receiving about 1.5 SBD and 0.7 Steem: Somedays triple that. Suffice it to say I want to grow my account here and I love the platform, and foresee big things for Steem, and Steemit.
Anyways thanks for your views on how best to reinvest SBD.
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Thanks! The returns on Steemit are so cool because they grow with compounded interest - the more you earn, the more SP you can get and the more you can earn on top of what you have already earned! It's an amazing platform and community and I'm glad to see that you like it as much as I do! Thanks for sharing your thoughts!
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I feel that if the smart media tokens coming out are successful, the steemit community continues to grow, and if more options that require burning steem are introduced, then its not unlikely that we see the price climb to over $100 by 2019
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I'm equally as optimistic as you @ssjsasha! I really want the price of STEEM to rise to $100 and beyond and I don't think it's all that unlikely to happen in the next 12 months. We've seen a lot of cryptos rise significantly in value that have much less promise and actually much less practical usage. STEEM is the most used blockchain (Transaction-wise), has the fastest transaction speed, and has the most users. I also think SMTs will bring massive value because they can monetize any site on the internet and inter-connect them with the steem blockchain.
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Thank you for your information as I am always wondering what is the better way Steem or SBDs!
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STEEM is, in my opinion as well, a better investment than SBDs!
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Thank you!
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High Steem prices may reduce the ability of new whales to buy in, which some people would consider good, and others consider bad. High Steem prices will attract more users, which again, has upsides and downsides (the biggest downside is that the reward pool is going to be split more ways).
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I agree! I think it will spread the wealth to more users and allow newer users to get more exposure. Keep in mind that as the STEEM blockchain grows, so should the size of the rewards pool!
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I think attracting more users and limiting whales are both pluses!
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I really like the QOTD idea!
I am going to conver SBD to Steem and power up! Steem is the best investment for me!
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Thanks for your support @waterloolaw! Powering up is an amazing investment with huge returns and great benefits in supporting this amazing community! Keep up the good work!
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Definitely make your investments steem.I expect to see steem price increase in steemit development in 2018.But I can not say the same for sbd,unknown future... @khaleelkazi
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Exactly, who knows about SBD, but STEEM is the future!
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Thanks for your information, I must say that I needed a well versed opinion about these cryptos, I am a new user and for me this world is amazing and requires a lot of attention. You have my upvote.
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Thanks @dandara! Glad I could help you out!
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Thank you for sharing... ☺
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I have been spending my SBD as I do not think it will be over priced for too long. The past history showed a spike in early to middle of 2017 and both steem and SBD fell to less than $1. This is a good opportunity to use the SBD for what it is currently worth. I could not believe that about 45 SBD was worth a Litecoin when I was looking through at blocktrades.
I would like to hear more about your properties investments. Thanks.
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Thanks for sharing your thoughts! I agree, we shouldn't get too attached to the price of SBD. It could go either way and we should hedge against that. Thanks for letting me know! I'm getting all the equipment together to start the real estate vlogs and I look forward to sharing that with all of you!
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I am selling SBD internally and converting to Steem Power. I will not be cashing out for a while!
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I think that’s a great strategy!! Steem is going to the moon because of its amazing community of people just like you who continue to support the system and build it up! Thanks for all you do!
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Sounds like a good plan. The price of SBD is incredible but I feel more secure with Steem. I like the way your plan does a little of both.
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Suddenly the prices of steem and SBD decreased. Hopefully the prices of steem and SBD will increase very quickly.
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I hope SBD returns to $1 where it was designed to be!
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Why do you hope it, what are the benefits of it? I don't think that any steemit author would like it. I know that it's mentioned on the whitepaper that SBD will be kept equal to 1 USD but as @khaleelkazi said these are cryptocurrencies, "Cryptocurrency price movements do not always reflect fundamentals"..
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SBD should be a stable currency we can create a Steemit economy where people can buy/sell with a predictable currency. Also, SBD isn't like a normal currency as the Witnesses can, to some extent, control the creation of and demand for SBD.
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It's an interesting topic to discuss. SBDs do have downward pressure on their price, but the witnesses don't actually have that much control to increase that pressure. Dan (creator of Steem) even said that SBDs theoretically can be worth any price above $1, but they are dollar-pegged in the sense that they will never be below $1. As long as you're not buying SBDs at current levels (rather, just receiving and selling), I would still consider it a stable currency in terms of the price never going below $1. Thanks for sharing your thoughts!
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Sir can I resteem your post?
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Absolutely!
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Resteem & upvote done! Cheers!
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#6 on that list is something that ensures that steem will retain its value and continue to grow, as long as that is a thing we should see growth.
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Wow great info. I am reading through it again to get it all in.
Upvoted and resteemed to spread the great knowledge and perspective.
Thanks again.
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Yes, this is a great post!
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Yeah, it's basically impossible to really predict anything with SBD, because it's a crypto and cryptos are unpredictable in the end :D It's a good idea to use SBD for different things like powering up, investing in other cryptos and exchanging to FIAT.
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Especially since SBD is designed to be worth $1 and it is worth more than that!
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I will also do what you did.
I think it will help me to improve more here in steemit.
But im also interested i doing real state? Can you help me? How?
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Apart from steem what other cryptos are you investing in?
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This is a very nicely written post! Thank you for laying out such a clear plan! I also agree that it is necessary to diversify not only in other crypto’s, but also in other investments such as real estate! Keep up the great work @khaleelkazi, looking forward to your future posts!
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On what basis are you talking about the rise of the Sbd?
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I think he's talking about the uncertainty of the price of SBD, not the rise
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Well I've been selling 70% of mine too, the market is unstable however I'm keeping a whole lot in case I need to power up
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I'm doing mostly investing into other cryptos. After reading this, I'm reconsidering my moves although pretty tied in terms of how much I'm actually getting from Steemit.
Definitely looking to power up more as well as real estate stuff like you're doing when I've grown more and getting a bigger and consistent payout.
And in that, everyone should be doing what you're doing. Great write-up and a template to pattern after.
Go for it man!
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Definitely I agree with you. I will wait in these two days and buy steem the right time. Steem's front is more open and more reliable than SBD. a choice. Thank you for confirming my mind. @khaleelkazi
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I only hang out to SBD to use for voting and what not sometimes. Otherwise I try to use it all towards powering up still.
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I do the same, sometimes I diversify into other cryptos as well
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You must have a lot of payout already :)
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The payouts on steemit have been amazing for all authors! It's so nice to have a high SBD price, but it's also good to be weary of SBD falling. That's why I convert to STEEM.
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i think selling them as fast as you can is the best than holding them. thanks for educating me,that is what i will do
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I do the same, it's definitely the best strategy IMO. Hodling SBD is just speculating against fundamental analysis.
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Great perspective shared buddy and am sure would be a food for thought for many out here. I am currently converting sbds to steem on each payout and powering up since i strongly believe in our great platform and 2018 looks indeed an eventful year for steem and steemit. Regards Nainaz.
#thealliance
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I joined steemit on Dec last year thinking want to fund my 2nd son with medical needs. So about 22 days later I did cash it out. That time I wasnt aware about Steem and Steem power. I have read about it but still dont understand because I have zero knowledge in cryptocurrency. Now that I know abit more, I will plan my SBD well and use 70-80% of it to power up SP. this will help the platform and community here right? another 20-30% I may or may not cash up to support my family. I hope what I plan to do will bring forth the betterment of Steemit and Steem. This year also i want to read up more on blockchain and crypto. I am a housewife so really have to plan my time for it or sacrifice some sleep time. But i think in long run it is worthwhile. 😊 I learn alot from you too and thank you very much.
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I just joined steemit last Friday, intro by a group of friends. Wow! This is a total new world for me to explore. I'm overwhelmed by it at the moment, too many things to learn. 😰 Keep telling myself one step at a time.
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1 step at a time is the key to navigating steemit and crypto as a whole! Steemit is a very complex place, but its amazing as well!
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a rational investment
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Yes! A great idea to move from just SBDs into other cryptos/fiat.
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I've only joined Steemit less than a week and I should say, it's definitely more than a money making platform. It's community building. And while it's still in its form shaping stage, we're seeing a glimpse of newness that I personally believe will spark greater opportunities and ideas for many. There will be a lot exploring and ceiling breaking to come, and I trust with patience and understanding as well as taking time to mold healthy judgment it will bloom. Other than the love of sharing and writing, as a homemaker I would like to also contribute to the household financially, especially that there's going to be a new addition to the member of household joining us soon! (I'm now 36 weeks pregnant and it's anytime now 😘) so yes, once I can see a good amount that I can cash out I would love to do partial cash out, and retain the rest to take part in the betterment of Steemit. Thank you, @khaleelkazi for being one of the trailblazers. I believe with guidance there will be more who will rise up and run alongside you! Cheers!
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Khaleelkazi,we are waiting for your support to be a useful beneficial steemite member.
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Support in what exactly my friend? Me and @khaleelkazi work closely together, would love to hear what you're talking about in terms of support!
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interesting news....thanks for sharing us
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I think the price of SBD will be even lower. people's interest will grow more. the number of members will increase. Because this increase is higher, SBD will lose value. these are my personal thoughts. thank you.
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