RE: Why I'm buying EOS with Steemit earnings
Good choice. I thought of doing the same. Maybe take 10-15% of the total SBD I earn in a month and buy EOS and repeat each month? Haven't decided yet. Do you have a similar strategy like this in mind?
I'm somewhat glad I had the chance to buy some EOS on the second day when it started selling. I used earnings from Steemit. Got them for 85 cents each. The first 5 days were probably the best time to buy in terms of price. I doubt it will ever go that low. I hope it will though. I would like to buy some more at that level again. :)
It will be fun to see how many people that have invested interest in Ethereum will try and 'attack' EOS with anything and everything. :)
PS: I used https://blocktrades.us/ to convert SBD to ETH. Got ETH in my ETH wallet in just a few minutes. After that I used EOS's website (https://eos.io/instructions) to buy the tokens. I don't know if this is cheaper than your method.
Yeah there will be bickering like Xbox/Playstation or Mac/Windows type arguments. I have high hopes for both but if it was a contest I'd bet on EOS being ahead years from now.
I'm just going to put all SBD I earn in. Because I have other ways of earning altcoins so no need to diversify. If Steemit was my only method of earning cryptos though I would be splitting it with other alt buying.
I don't think your method is cheaper, I calculated fees on Blocktrades a while back and they were around 5% if I recall. There's no fee getting money into Bittrex, but to transfer onto Bitfinex will be charged, I haven't worked out the percentage accurately on my transfers but it was a lot less than 5%, at least with XRP. But you also have to take into account trade fees. I would guess it's still cheaper.
Thanks for letting me know. I should look into your method.
Unrelated to your answer, it's nice to use something that @dan created to buy into something that @dan will create. A win/win kinda situation. :)
Do a typical trade for equal amounts using both methods at the same time and see how much EOS you end up with, that's what I do sometimes when I want to know quickly if one method is cheaper. Also the Bittrex withdrawal fee is a flat fee whereas Blocktrades is (or was at least when I calculated it) based on a percentage, so Bittrex would definitely be cheaper over larger amounts.
But your way has the benefit of being through your own wallet so there's also that to consider.