I've been lucky enough to amass a goodly number of assets on Steemit. And what I have, I've gotten not through gigantic payoffs on a single post, but a steady stream of smaller payoffs on smaller posts.
And as I usually choose the defaut rewards option of 50/50 between SP and SBD, that leaves me with a giant question:
What do I do with all my SBD?
And I only ask this question because there are a lot of different options.
Do I Cash Them Out?
In the past, I've always converted my SBD to Bitcoin. It's been, at times, a great way to accumulate more Bitcoin.
But it seems like a waste to never explore the other options. Because there are a lot of other things SBD can do.
Do I Convert Them to SP?
With the price of Steem so high (higher, at the time of this writing, than SBD) it would be a waste to convert them to SP. If the price of Steem were to fall back to $0.07, sure, I would convert all my SBD to SP. But I'm afraid those days are forever gone.
For the moment, at least, powering up is the wrong course of action.
Do I Hire Bots and Promoters?
This option seems like the most practical, but it also scares me.
Voting bots and automated promoters are highly controversial right now. Part of the problem is that Steemit's native promotion system is lackluster. If they would fix that, then there would be no need for these alternative services.
But I'm afraid of doing anything that would anger the community. I've had nothing but good experiences with the Steemit community at large. I don't want to lose any good will with my followers or my friends.
Though, on the other hand, it seems like bots and promoters are how the community now operates. Perhaps it's impossible to expand your brand without help from these third parties. And I need all the help I can get.
What Should I Do?
I'd like to know the community's thoughts on the subject. I'm not sure how to approach this problem, and I trust my friends on this platform to give insightful advice.
Let me know what you think, and keep on Steemin'
I have also some SBD, but it's not wise to convert it to steem, so i just hold my sbd and wait for the price gonna go up little bit, because steem and sbd usually correlated to each other when it comes to prices, i've seen the chart history between sbd and steem and they are pretty much on the same price, sometimes sbd are higher if steem drops its price, and sometimes steem is higher when there's a sudden jump of the price. you see their chart history here>>>> http://steem.supply/@talanhorne
@talanhorne,
AT the moment I am converting 50% of SBD into STEEM and other 50% is using with BOTS! I think this is a good time to try bots, but if price drops better stay away!
Anyway, with low market supply of SBD I think it might get pump anytime soon!
Cheers~
@talanhorne sir...
I think 2018 will be a huge year for STEEM. Here's a few quick reasons why:
So I'm always convert my SBD to Steem...
Bcz...I'm always trust Steem...
Best of luck...
Wow...smart explanation...
Wel done @senu
And I'm agree with U...
@talanhorne sir...
This is my plan for my SBD....
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:
HAPPY STEEMING...
Last rime I bought most upvotes via using bid bots. But Its better to increase power up. Change to BTC better decision. Currently EOS seems crazy and positive progress. So can convert EOS. Many more actions can use. But need to get correct decision.
@talanhorne, Currently steem token being high value. So I give suggestion exchange steem dollars to steem. But for that not a time. SBD rate lower than steem. So need to be patience. Other wise you can power up.
I want to see your reputation 70. And all you wishes, highly give my support to you @talanhorne. Your Ideas being good and classic. Go higher with steemit.
Great post sir.
I completely agree with you.
We have to take precautions before investing our SBD's.
You are so talented on this platform.
Valuable post.
Its really very informative.
Nice content.
Very well articulated.
Excellent job.
Thanks @talanhorne sir for sharing this post.
Upvoted + resteemed your post.
If the value of steem is much higher, it'll probably be even higher in the future.
So if you believe in Steem, powering up is not that bad
If you check my walet you would see that I’m holding SBD’s now. I’m waiting for SBD to get back over Steem and than I will exchange it for Steem power. That’s my plan.
I'm waiting for that exact same reason.
I hope SBD rises again soon
But isn't there a probability that the gap is only going to increase
That's what I'm afraid of, too.
There's so much opportunity here, but also a ton of risk. I was one of the lucky ones who didn't power down back when Steem was $0.07, but I also didn't have the courage to power up back then, either.
I'm better off than most, but still reaching for the stars. Hence my dilemma.
alright
Magoo-2 found a series of multi accounts of a same owner is following your articles to cheat your generous rewards.
Magoo-2 found these accounts are suspicious & can be multi accounts of a single owner. Conclusion is based on last 30 days transactions:
@abdt
@wolf-kinght
@sardar-sani
magoo-2
Check our latest multi comment spam update report
you right.
That's the problem , those of us who are not well versed with the world of crypto can't take this risks.
But taking risks is how you become a millionaire.
There's gonna be a time when steem is much higher and then we'll regret why we didn't power up.
I believe in Steem and I think we should power up while we still can
My plan is to hold it for now. No matter what anyone says. Sticking to your plan is recipe for success! And yes, it’s always good to be diversified.
please sir see my introducing post.
The rise in the value of SBD is the best. This way we can convert our SBD to even more steem.
I agree
bai zi hay chui... agree kyazii karew ni... zokki
Using bots may solve this. SBD is lower than Steem, but you can buy a vote that returns your SBD and gives you SP without having to exchange it. That way, you can still get SP before SBD overtakes it in price.
because our mostly benifits is from SBD am i right?
i heard that Steem and SBD will have huge gaps, the steem is going to increase and sbd is going to be left behind a bit..
Magoo-2 found a series of multi accounts of a same owner is following your articles to cheat your generous rewards.
Magoo-2 found these accounts are suspicious & can be multi accounts of a single owner. Conclusion is based on last 30 days transactions:
@mumin007
@naqshab02
@muhasib
@sheikhiqra
@hariszahoor
@zahidmalik
@chaddiman
magoo-2
Check our latest multi comment spam update report
You can investing your sbd in market.. @talanhorne
Or you used you sbd for getting upvotes sir ..
There are many options to explore, none of them might be perfect at the moment but you have to make a choice.
Powering up is still a good idea. You might wait a bit and hope the price of sbd fair a bit better than Steem but to hope that you will get back to the days of $0.07, I'm not sure that will ever happen.
You might also want to diversify a bit. I haven't really put in much in bitcoin as other altcoins seems to perform better than bitcoin. You may consider one or two ERC20 tokens. EOS looked good but with the current Marathon, I don't know if it's good to buy in now or hold on a bit till it achieve stability. Well, that's one thing with investment, be ready to put on your risk cap.
You can also engage in community support. I haven't followed you long enough to know if you run any charity support. But it's just a suggestion. To me, Steemit has offered me a source of basic income which I'm grateful for, so I usually extend the goodness to those who are not privileged. With less 40sbd you can get a budget android phone for someone in your neighborhood who has to potentials but not the means to be on Steemit. You can provide a little meal for a few people. You might not have the chance to do these yourself but there are some projects and communities around this platform that are reaching to people. You can extend some supports to them.
About the bidbots services, personally I'm not in support of them but that's my opinion anyway, so you can choose as you desire. All the best man.
There is always a risk. If we do not take risks, we will not get anything. I would advise the bots. Many use them and there is nothing horrible about this.
welcome back my fiend #talanhorne
very great post brother
you are defining every thing as a cham Thanks
Magoo-2 found a series of multi accounts of a same owner is following your articles to cheat your generous rewards.
Magoo-2 found these accounts are suspicious & can be multi accounts of a single owner. Conclusion is based on last 30 days transactions:
@abdt
@wolf-kinght
@sardar-sani
magoo-2
Check our latest multi comment spam update report
I mostly buying upvotes from bots with mine some sbd... lolz :P
I can see now a days steem on the moon
Hello @talanhorne,
Do I Cash Them Out?All other options worth than the above mentioned option.
~@mywhale
You should probably use bots to promote yourself coz we all know that you always post quality content here...so you will get more attention..your will get back your Sbd ,yes some of it will evaporate to SP ...but that is good ...
Your rep will also increase....
Next month release of SMT will take this steem to new dimension ...i guess you should make the move man...
SMTs launch next month? That's good to know. And it could actually help inform my decision.
Thanks.
its really great news to launce SMT @talanhorne
Yes you can wait ..
Coz the launch of smt will definitely increase the value of steem and SBD.
Then you can look for other options
Sir Your All Post I Love You
SMT next month? I am very interested in this info. I thought smt was to come with hf21 which Will be after hf20(communities)
Magoo-2 found a series of multi accounts of a same owner is following your articles to cheat your generous rewards.
Magoo-2 found these accounts are suspicious & can be multi accounts of a single owner. Conclusion is based on last 30 days transactions:
@obaidb2
@owaisbhat41
@arhaan
magoo-2
Check our latest multi comment spam update report
Madarchod
I advise you to use bot of promotions .. what bot I use I recommend @minnowbooster this bot is better than any other bot that exists in this platform.
@minnowbooster gives you back 200 to 250% in positive upvote
Very nice steemit cryptocurrency bitcoin money post post I share and we post up vote and gave
You have done a great job, my friend and of course it's difficult for me to give you 100% advice to you, because this is your money and you earned them by honest work! I'll try to risk you to choose the first two options that you wrote, but I think the third option is useless, but here the first two have a certain sense even now and distribute half the SBD to the first option, the second half to the second, as if using the principle of "not laying eggs in one basket ". You can, of course, have one more option, such as to convert to SP and delegate them, then get interest from it. Thank you @talanhorne
I would hold some. Be diversified! You can covert 30% of your SBD’s to Steem, 30% to use for bots and rest hold. This way you should feel better and do no wrong.
Very beautiful.bitcoin steem cryptocurrency post to you for thank you very much, and this post a lot like and like post vote and comments and post share, I like this post a total of all see and this post to everyone can vote
Well, you could either use sbd to power up or just cash it out, because why not? I'm sure extra FIAT can always help.
HODL, STEEM & SBD is going to MOON
Good luck my dear friend @talanhorne.I said that you use bot to increase your reputation.
Congratulations @talanhorne
Now you are in the MinnowsPower Loyalty Member List...!!!
Put into the market and bid 0.85 Steem/SBD or buy Altcoin...!!!
100% Upvoted by @MinnowsPower
With SMT Steem will goto moon. So, collect SBD & convert to Steem by bidding @ internal market.
Very cool my friends and good luck @talanhorne
I think better you try vote and promote.
This best option for you because now bitcoin rising @talanhorne
You should probably use bots to promote yourself coz we all know that you always post quality content here...so you will get more attention..your will get back your Sbd ,yes some of it will evaporate to SP ...but that is good ...
Your rep will also increase....
I don't think you should power up, not now at least. Wait till SBd goes higher and then power up. But powering up is the best option you have. So I recommend powering up.
Interesting question, I've wondered the same - caveat is that um I'm still pretty low on the ladder, so I'm greedily eyeing where you are hehehe
But as for my .02 SP, I think 100% powering up from your posts may be most valuable; because 50/50 gives you SBD but SBD by itself just sits there, but if you have a lot of SP, then it builds upon itself - you have more voting power, it's a sort of "interest". Then you can delegate SP or do other fun things.
I've even considered converting my other crypto into SP since most other crypto, if I go with the HODL life.... well, it doesn't do much for me, and if I were to swing trade I'd probably swing trade down...
Maybe you should try to invest in several crypto currencies, which analysts believe have good potential.
I really like your post Thank you for sharing with us
No, not at all, if you mean what I think you do (50/50 % split, versus the 100 % Steem Power split). It will only be profitable to select 100 % Power Up if SBD reaches a value that is less than $1. The ratio between Steem and SBD does not really affect this choice, since it all depends on the system treating the SBD as being pegged to $1 still, while it's much higher in reality
@talanhorne sir...
That is my idea...
SBD peg to $1, this is what I heard, so we got a bonus and we enjoyed it by current price up! Anyway when it drops, it will little hurt, but with a clear mind I know it will happen anytime, so I was collect SBD, covert them to STEEM or other and prepare for the future!
Anyway I have faith on SMT, sometimes we will get another bonus again :D
If you cash them out it does not mean that you have to hold a certain amount of bitcoin, with those satoshis you can go to an exchange and make a portfolio with certain interesting cryptocurrencies, it seems to me the best option.
You are very lucky @talanhorne, have a lot of sbd and steem power, but now I see steem price is rising. Very lucky people who have a lot of steam. I've read from some posts in steemit, they say that for the future steem will be more expensive than sbd. If I had a lot of sbd, I would share two parts, I would save sbd and steem. Because if someday steem or sbd rises, we have those two. Because we do not know what will happen in the market for the future. But I do not have sbd, so from that I am very sad, but you are very lucky to have success in steemit. Thank you, hopefully you will be more successful to work.
Use her for useful things and help people in need ..
power up your steem that's the simple use of SBD
Magoo-2 found a series of multi accounts of a same owner is following your articles to cheat your generous rewards.
Magoo-2 found these accounts are suspicious & can be multi accounts of a single owner. Conclusion is based on last 30 days transactions:
@mumin007
@naqshab02
@muhasib
@sheikhiqra
@hariszahoor
@zahidmalik
@chaddiman
magoo-2
Check our latest multi comment spam update report
You took the opportunity when Steam was cheap
I did not take advantage of the opportunity
Really wonderful article you are a successful person
I think the best is to follow your own conscience. Why? Because you will feel satisfied despite the facts say something else. Think carefully and then take the conclusion. Have a great day!
If you curb my walet you would make out that I’m investment SBD’s now. I’m coming up for SBD to induce formerly over Steem and than I will substitute it for Steem power. That’s my plan.
nice post
Magoo-2 found a series of multi accounts of a same owner is following your articles to cheat your generous rewards.
Magoo-2 found these accounts are suspicious & can be multi accounts of a single owner. Conclusion is based on last 30 days transactions:
@abdt
@wolf-kinght
@sardar-sani
magoo-2
Check our latest multi comment spam update report
I think you should cash out some your SBD. & some of the money you should kept now when the prize will reach at the top level then cash out.👍
great report about steem,keep it up
you can invest them in NEO or EOS
both have bright future
You can either power up or invest that in any other crypto.
Right now that seems the best alternative