#430. Would you rather own Steem or SBD

jacksonchakma (64)in #dtube • 5 years ago

What do you think, which is best for you,

Is Owning Steem best for you or owning SBD. We know the choice and preference will differ as the value of the both also differs. Which one according to you is the most profitable to hodl now or for the future.
Just give a honest answer, let me know your thoughts on this.

Thank you!

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5 years ago in #dtube by jacksonchakma (64)

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chartsman (37) 5 years ago

I'm fairly new, so I'm still trying to figure out how all of this works. I have a clue what Steem is, but what is SBD? I've seen it mentioned many times, but what does it stand for?

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jacksonchakma (64) 5 years ago

Find out here https://www.steem.center/index.php?title=Steem_Dollar_(SBD)

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gungho (73) 5 years ago

SBD represents Steem's debt in a sense. This coin is used as a stable coin for STEEM. It goes like a teeter totter system. When one is up, the other is down. The difference is called the "spread". This is how they make money when pair trading. They profit off the spread. The spread should be as close to 0 as possible to profit quickly. The bigger the spread, the longer you have to wait, and that may mean trouble if the market decides to suddenly change.

Sometimes the two coins run on a parallel. No profit can be made at this time.

In 2017, SBD got up to $13 bucks roughly. STEEM got up to around $4 bucks roughly. SBD is very valuable and i wouldn't try selling it unless you absolutely have to because you can't buy it on big exchanges. You can buy it on Steemit.com's Internal Market with your STEEM. Where is it? On steemit.com, on the far right hand side, there is a hamburger icon i think. Click and there is a black menu that pops up. Click "currency market". That's where the show is.

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