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RE: How I Turned $$$ To STEEM: Simple Process
Is there a way to use steem dollars to buy steem ? And would that be a smart move if im trying to grow not withdraw?
Is there a way to use steem dollars to buy steem ? And would that be a smart move if im trying to grow not withdraw?
I would ask why you want steem dollars. In my opinion if you wanting to grow and you are talking about the Steem ecosystem (and not just crypto in general) then I would suggest moving to Steem Power.
If the Steem dollar is actually above $1 (which is currently is) then I would do all my posts at 50%/50% and then take the Steem dollar you earn and exchange in on the market for Steem. Then use that to Power Up.
Yeah thats what i meant sorry not very good at wording what im thinking lol but thanks for the advise i do the 50/50 so now i should go buy steem with steemdollars and then use that to power up ok thanks a bunch
Thanks my estimated account value went up right away so i should do this every time i have atleast $2 in steem dollars ?
Well... You can do it at whatever amount you want and I am not one to give financial advice. 😀
The simple rule is that as long as SBD is above a dollar then you can get more for your money by going 50/50 and then selling on the open market. The witnesses will do their best to move it back to $1 (because that is the purpose of it) but until then I would go 50/50 myself.
Glad you saw an increase! 🔥
Ok got it thanks