RE: Takes money to make money (takes STEEM to make STEEM) !!

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Takes money to make money (takes STEEM to make STEEM) !!

in steemit •  7 years ago 

Hey there... do you realize it cost you 196 US dollars to promote this single post? 28SBD at 7.01 USD (https://coinmarketcap.com/currencies/steem-dollars/).

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I actually didnt realize this. It is annoying that 1 STB is not 1USD. Steem token can be valuated at whatever value, but steembackeddollar should be pegged at 1USD and nothing else.

  ·  7 years ago (edited)

Yeah, SBD has been close to 1USD for pretty much a year, that pump is still really weird, no one really understands it; what shocks me the most is that SBD stays extremely high over such a long period (almost 2 months!). Anyway, I'd suggest buying delegated steempower or buying upvotes if you want to promote your posts: it's much more efficient imho.