How to Buy BLURT and STEEM + Behind the Scenes of Trading for Newbies and Blockchain Developers: Market Caps, Value, Markets, Moon Ramps, Dollar Pegged Coins and Token Economies
This Guide will include instructions for Buying both BLURT and STEEM, this will provide new users joining the Van Kush Beauty Economy several insights into how Cryptocurrency trading works, and this post itself will act as a record in time as the Price of BLURT will go up based on the Economic Principals described in this post, which are just Natural Phenomenon in Crypto that can be marked in the Graphs, and Replicated on Purpose. I point to a Bear Whale as an example, this is a term that was used to Describe a person who held so many Bitcoins he could sell a Mass of them without losing them all, but could Sell so many and crashed the price so Low he scared the shit out of everyone, and they had to Sell, or they simply had to use 2 or 3 Coins to pay Rent, Buy Groceries, etc, where they used to spend 1. This is when Bitcoin was under $1,000 each, and Bear Whale held it under $700 until he was comfortable with his holdings (it may have been over a year), then he took his Coins off the Market to HODL for future Sales, having bought up lots of Coins for under $700. These are the types of Natural Phenomenon in Economies, which can be Replicated, like a 50% Take Over, or Stock Buy Back Event, these are all well understood and Measurable, Replicable.
We will get how STEEM, BLURT and HIVE are Currently in a Bear Market, not in those words, but a Bear Buys when prices are Low but Ought to be Higher, meaning the Bear potentially Buys very Low and Sells High. The Bull Buys something that is moving Up, the Bear Strikes down with Claws, the Bull Strikes Up with Horns. The Bull Buys Lockheed Martin stocks, it's expensive and always slowly going up. The Bear Buys Fast Food Stock in the 1960s.
Image from: https://www.5paisa.com/blog/bulls-and-bears-what-do-they-mean
First, an interest for many. Can STEEM be turned into USD? Yes. I have earned $1,000 on 1 single post, and created a Cashouts Guide. I was an early Steemit user when it first launched. I have seen a $30,000 post and got $600 just commenting on it.
https://steemit.com/hive-142140/@punicwax/proof-that-steem-can-be-turned-in-to-us-dollars-usd918-withdrawn-from-steemit-how-to
STEEM can be found on CoinMarketCap and you can go to that 1 Website to find pretty much all the info you need on STEEM, it has a high Daily Volume and so the single Market representation perspective is reliable, as in you do not need to go elsewhere and do other Math, you can just go to this 1 link and Trust that it is giving you good numbers, the best deals, etc.
https://coinmarketcap.com/currencies/steem/
BLURT is a Smaller Market, less Buyers and Sellers, a Newer, Smaller Community, Low Daily Trade Volume. BLURT and STEEM are basically the same technology, but STEEM has Millions in Daily Trade Volume, Liquidity, this means you can reliably Buy and Sell STEEM at the Listed Market Prices but BLURT has different Markets, and some Exchanges it is on have such Low Daily Volume themselves, they aren't equated into the CoinMarketCap Price, and as of the writing of this BLURT has under $100 in regular Daily Trade Volume. It can be Found on the Exchanges Listed on CoinMarketCap but the best strategy for BLURT is to Join all the Exchanges, and be prepared to Buy and Sell it everywhere, from ProBit, to Ionomy, to HIVE-Engine. Buying STEEM provides more reliability at the moment, but it is $0.50 each. BLURT is under $0.01 and has every potential to be $0.50 each.
https://coinmarketcap.com/currencies/blurt/
STEEM on CoinMarketCap:
You can see that right now it is $0.50 and hasn't changed too much from that in a while.
This Guide is bring written Oct 1st 2021,
"The live Steem price today is $0.507529 USD with a 24-hour trading volume of $8,896,374 USD. We update our STEEM to USD price in real-time. Steem is up 10.16% in the last 24 hours. The current CoinMarketCap ranking is #193, with a live market cap of $200,395,936 USD. It has a circulating supply of 394,846,122 STEEM coins and the max. supply is not available."
We can see the 1 Day, 7 Day, 1 Year and All Time Market Graphs. This gives us insight.
1 Day
7 Day
1 Year (This shows STEEM at $1.40)
In the All Time Graph we can see that Semi Recently it has been over $1.00 and that a few years ago it was over $8.00 each.
We can look at Graphs for BLURT with the same Date Values and see something much different:
1 Day, you can see Drastic differences from Day to Day, BLURT is a Fork of Steemit, so all the Accounts from Steemit exist on BLURT. If you had 2,000,000 STEEM in March 2020, and this were your first time reading about BLURT, you could go dump it on the Market bringing the Price Lower, but right now they actually Benefits the Buyers, as I personally would Love to get BLURT for even cheaper. So as BLURT grows we may actually see events where the Price is knocked down, but we simply must see this as "Time to Buy". You can not give in to FUD, this means Fear, Uncertainty and Doubt, you must be able to wheather the Storm and know your path remains through the Price drop, and that if you Buy you will come out better on the other end.
7 Day
1 Year
All Time, BLURT was only just created August, 2020...
Knowing this level of information about CoinMarketCap, you can now start to further your understanding of CryptoCurrency. There are several Exchanges to be listed on, and Several Metric Listing Websites to be on, then potentially your Currency could be #1 of the Market Cap Websites. This then helps get more people's eyes on your Market and raised the value even higher. You begin by actually going and petitioning Markets to list your Currency, meaning the Developers of a Blockchain or a Token actually go around and Petition the Exchanges, Pay the Exchanges (often between $1,000-$10,000 or more), then Petition the Market Cap Listing Websites, all of these have Criteria, and you also have the option to find a DEX to list yourself on, or create your own Exchange (this can be done by Cloning DEX Smart Contracts, we will create How Tos for this type of thing soon).
So knowing all this we can look at the other BLURT Markets and see what is going on with all the exchanges. Sometimes the smaller listing sites will stop recording Independent Data from Exchanges, and just mimick CoinMarketCap once a Currency is on CoinMarketCap, so they can all end up seeming the same, but you can maybe find a cheaper Price by looking at all the Exchanges it is listed on, and not just the Listed Price.
https://www.coingecko.com/en/coins/blurt
https://coinpaprika.com/coin/blurt-blurt/
https://www.livecoinwatch.com/price/Blurt-BLURT
From here you can start to look at Exchanges with a higher level of understanding, looking at the Daily Trade Volume, checking if they operate in your Country, etc. You often will have to add ID to Verify who you are in order to Trade, or at least to attach a Bank or Funding to the account.
STEEM Exchanges
https://coinmarketcap.com/currencies/steem/markets/
If you are to this Point and you are very Informed now, very Grateful even, but are still wanting information. Perfect, because this next part gets into Details, about what all the Values mean. What is a Market Cap? How is it Measured? etc, as well as several other Metrics. You will be as informed enough to Trade STEEM, BLURT, HIVE and STEEM-Engine, HIVE-Engine, BSC, TRX, ETH, and other Tokens. Eventually we will create Guides teaching Token creation also.
Market Caps are measured by the Number of Coins there are in Existence on a Blockchain, and how much each one is worth. So if there are 1,000,000 US Coins, and they are all $1.00 each, that is a $1,000,000 Market Cap. And for those wondering, Steemit and BLURT and the same general Technology as Bitcoin, called Blockchain, but Bitcoin is a SHA Coin and Proof-of-Work (PoW), STEEM based coins are Graphene and Delegated Proof-of-Work/Staking (DPoWS). Bitcoins are Mined by Anonymous anyones, and that Market is under the control of Mining Farms full of ASICs, STEEM and BLURT are Mined by Witnesses who are Voted on by the Bloggers/Investors, hence Delegated Proof-of-Work, and both have their place as Currencies, we will have Guides for how to create and operate SHA, Graphene and several other Blockchains, Tokens, etc. And will get into all the Intricacies of the Economics between all of them, this Guide you are reading will be a first installment of several similar Guides about Blockchains, Trading Between them, etc.
A Market Cap is the Number of Coins that exist at any given moment, Multiplied by the Price of each Coin. Coin Caps as a Concept, are the number of Coins that will ever exist. A Coin with a Low Cap, say 20,000,000 or 200,000,000, will become more and more rare, so should go up in value. This is what allows Bitcoin to go to $80,000 or $100,000 Per Coin or More, because one Day they will no longer be Minted, and Bitcoin Transactions will only be processed by Mining Pools which choose to add Bitcoin, but pay the Miners in other Coins, or by Fees paid... And Fees are already way up, with Rewards expected for many years on the Bitcoin Blockchain, so the Fees when there are no Rewards can be expected to be very high, but this also will raise the Value of each Coin as the people Mining want more and more for each one, and the Buyers calculate Fees paid when reselling. Bitcoin could end up being like Ancient Dubloons, traded at Auction based on History. A Coin with no Cap is Inflationary and Raised Value must be based on Raised Awareness/Popularity, as No Cap Coins are inherently Inflationary, there has recently been a Proof-of-Stake (Mining by Holding, instead of Mining with Electricity) hate movement, where people say they are just inflation bombs, but Graphene has solved this problem by creating the Blogging Platforms, this could also be used on any other website model.
For the sake of having a Complete Guide, if you know someone with Web Programming Skills, like APIs, etc, or you run a Business and may want to hire someone, this link will teach you how to Clone Steemit yourself. The more the Merrier, if you do this you should announce it on Steemit and BLURT, and share the info with all of us:
https://bitcointalk.org/index.php?topic=4942644.msg44690715#msg44690715
Blocks are how Transactions are Processed, a Block is like a big Math Problem and the Mining Machine is doing the Math, the person "Mining" just sets up Machines, and they are basically seeking Blocks, and then solving Math Problems. Proof-of-Work means Electricity, CPUs, GPUs, and ASICs are used for this. Proof-of-Stake means a Wallet is kept open, and a Balance it kept Staked and the higher Stake finds more Blocks. Delegated Proof-of-Stake allows a few people called Witnesses to Mine STEEM or BLURT, by interacting with the community and seeking Votes. The Curation Rewards from Steemit and BLURT are then automatically released from the Blocks to the Website Members, and that is the Model that should be used by others. Knowing this also gives you insight into who has the most Coins for Sale on the Market, and who is accountable for the Website operations. This framework comes from BitShares, and Witnesses are also similar to Super Reps, which are newer and come from the Tron TRX Blockchain, which is also associated with Steemit.
By having a higher TRX Balance and understanding Super Reps, you can add yet another layer of earnings, as TRX is an entire Ethereum Blockchain Clone chopped up, made Java Coding Language, and with Super Reps Mining like Witnesses instead of Proof-of-Work or Proof-of-Stake, I will be creating Guides for TRX and BSC as well. The people who own Steemit, created TRX first, and are integrating them.
https://coinmarketcap.com/currencies/tron/
BSC is related to Binance, which is gaining a lot of value right now.
https://coinmarketcap.com/currencies/binance-coin/
We can then also look at Steem Backed Dollars (SBD), when you earn money on Steemit a percentage of that is Rewarded in STEEM, and the rest in Steem Dollars. This allows the Miners to keep up a good Reward for themselves, while allowing the Blockchain to have a valve, because when Steem Dollars go down EVERYONE feels it, because the system sees them as $1.00 no matter what, so if they hit $0.50 that means it's a good time to Buy them, and all Steemit Rewards are hurting from it. You can look at the Market and see they are over $6.00 and that this Price is rather steady throughout 2020-2021, but that it has been up to $14.00 in the past. So it is doing great, but could go up according to it's history, and this is actually very possible as there are still about 7 Billion Earthlings who haven't joined Steemit or BLURT yet.
So because the System sees SBD as $1.00 no matter what, and it's over $6.00, you will actually earn more on your posts. So if you are Theoretically getting a $10.00 reward on a post, half of it may be $5.00 SBD, which is $30.00+. So this can be seen as a perk of Buying STEEM. You can also then turn around and Buy BLURT with your SBD, but the best option as of when this is written may be Buying BLURT at $0.01 or less, even if it goes up to $0.05 in a few Weeks, New people Buying at that price are still Winning. Once BLURT has like 50,000 or 100,000 regular users it could hit $0.50 or $1.00, and then you can use that to Buy STEEM, to earn SBD. So there are various pathways to this.
Now,
Tokens. You have various options here, and if you are wondering "I have read a lot now, do I have to read this, will it really matter in the long run", and the Answer is that Yes, you will lose out on lots of Money by not understanding this, but you don't have to and you Theoretically could operate fine on Steemit never reading this, but you can earn a lot with this.
This first link is to the least active, but thereby it is currently also the Cheapest. There are almost no Investors on STEEM-Engine. This is largely because no one knows how to use it, and those who do are on HIVE-Engine. But HIVE-Engine is currently much more expensive, and it is possible to create Swap Tokens, so it is much better to start on the cheaper STEEM-Engine if you are creating a Token, or want to create the most effect with your Money at once. You do have to be careful though and make sure the Project is alive, the best way is to simply follow us. I will always be here, and if I'm gone for any period of time I will be back, and am writing these guides for everyone to support each other. We will bring the STEEM-Engine Economy to life, and it currently costs like $3.00 to make a Full Blown Operational Hashtag rewarding Bot and Front End (Maybe $5.00), so everyone should feel free to do that for their Facebook group, Business, YouTube Channel, and everything. People should be using it just because of the Price.
Here is our Token, we are about to Launch another and will use BLURT, STEEM and Tokens to fund each other. But these Tokens
https://steem-engine.net/?p=balances&a=punicwax
HIVE is currently operational, it costs I think several hundred Dollars to get the Token fully operational with a Front End, this link is to our Currency which is currently only Buy and Sell, we didn't make it a Bot yet.
https://hive-engine.com/?p=market&t=VKBT
We will create 1 More Token on each of these Platforms as part of our Launch, and we will make them fully operational including a DTube Clone. We will also create guides for everyone to Copy us. Here is a Guide for the basics of Graphene Blockchain Tokens. Steemit is missing the structure, but we will be building that, HIVE doesn't have anyone creating Guides for everyone yet (we will, but that will come later).
https://blurt.blog/blurtindia/@punicwax/hive-engine-currencies
BSC is Binance Smart Chain, this is a Smart Chain like those 2 Engines, but this one is attached to the Binance Trade Platform Blockchain instead of the Steemit Blog Blockchains, it is basically the same thing though.
https://www.binance.org/en/smartChain
TRX is Tron, it is just like ETH, and it is actually Free to make TRC20 Tokens, and they are ETH code compatible, meaning you can go to an ETH Smart Contract, copy and paste the Code, then run it on TRX Blockchain as your software. You just gave to Clone the GitHub repository, etc, if there is a Website or anything involved, and make it your own. Which may require hiring API people. The Smart Contracts can be Submitted to TronScan, you can Copy then from there or EtherScan (this ability is central to what is called DeFi). TronScan also has TRC10 Tokens, which we have a Guide for, and you pay to create.
https://tronscan.org/
Info regarding Steemit, TRX and DeFi for those interested:
https://steemit.com/usa/@punicwax/steemit-is-defi
https://steemit.com/hive-142140/@punicwax/tron-tokens-bounty0x-and-defi
https://steemit.com/steem/@punicwax/defi-for-real-life-companies-the-future
https://steemit.com/steem/@punicwax/defi-for-real-life-companies-the-future-part-2
Here is a detailed Discussion on where DeFi is headed:
https://bitcointalk.org/index.php?topic=5296168.0
Cosmos is another Blockchain Network and is the one the BLURT Devs are interested in, you can learn more here
https://cosmos.network/
Now,
Tokens go with Communities, I will create a guide for Community creation but BLURT does not have this feature, we are hosting our Group on Steemit. The main Van Kush Beauty Group will be made with the Guide, as the subject, so will be made soon.
These are the Communities I am a member of:
https://steemit.com/@punicwax/communities
This is the Account Booster group, I am giving them a shout out because everyone should join and help out. The basic concept is for everyone to use this type of knowledge (as learned in this guide), to spread the wealth by Voting in the group, and you gain a rank so then others vote for you.
https://steemit.com/trending/hive-119463
There is also more info to learn, as in Delegation which is another way to Earn money and to Receive Votes.
How to Delegate BLURT
https://blurt.blog/blurtphoto/@punicwax/how-to-delegate-blurt
The @upvu How-To Delegate Guide for English Speakers
https://steemit.com/hive-140629/@punicwax/2dpvam-the-upvu-how-to-delegate-guide-for-english-speakers
@upvu Delegation Guide for English Speakers, Part 2
https://steemit.com/hive-140629/@punicwax/upvu-delegation-guide-for-english-speakers-part-2
This also gets into Bots, such as the BLURT Discord Bot, or the Bid Bots all over Steemit and BLURT, as well as the Curation Trails, Steemit Minnow Program, etc. Which we will add guides for. There are also Trading Classes hosted by Steemit Admins, Steemit is generally helpful if you are new and particularly if you are willing to learn everything. Some of it may take time and may not feel as fast learning as this guide, but it is all good info, it is long term plans for the platform you can join in on.
Finally, I will get into trading. I wanted to get through a that before telling anyone how to use their Debit Card to Buy Coins, I want everyone joining us to be that informed before getting in, because I want everyone to contribute to the growth of their money along side us, and not have to rely on anyone. And again before asking anyone to spend money, I am going to give you a link to our Guide to earn about $20.00 or so in Crypto quickly on the very same Website you use your Debit card on, and if you so choose you can Sell that and use that to begin.
How to Earn Free Cryptocurrency on CoinBase.com
https://blurt.blog/blurtphoto/@punicwax/how-to-earn-free-cryptocurrency-on-coinbase-com
Now I want to Guide everyone through a CoinBase Purchase. The first Step is not to Buy Bitcoin, as instinctual as it may seem it's not Bitcoin first, and as strange as it may seem you can't just Buy STEEM and BLURT on CoinBase, even though several Currencies are available there. So what you have to do is actually first join an exchange, and Verify your ID and everything there also. You do not have to do this on Ionomy, but Ionomy.com itself is a Low Traffic Website so you will have to have an element of Calculation when entering the Ionomy market. If you are Buying STEEM you are much better off using Bittrex, or Poloniex, etc. Bittrex is best for Americans. But BLURT is more variable with such a Low Daily Trade Volume, so you actually have to do some Calculations.
If you look at Bittrex you see BTC to STEEM but sometimes it can cost as much as $30.00 to send Bitcoin, and if you are sending $20.00 that can be rather useless. So it is best to choose a Smaller Currency that trades between Platforms. Oftentimes DOGE, LTC, or DASH can be your best options. Your goal at this point in your Trade, is simply to avoid Transaction Fees, while using CoinBase to Buy Coins to then Buy other Coins, but avoiding Transaction Fees is the main point there. Before purchasing also take into account that STEEM are $0.50, so think long and hard about where you want your money to go, or what Tokens you want to Buy, or what Token Engine you want to use, etc. Those variables matter here.
BTC to STEEM is the Goal, but we first want to send another Coin to the Website and Buy STEEM. If you are using Bittrex they have this Market, but sending Bitcoin from CoinBase costs Transaction Fees, so let's see what else they have.
https://bittrex.com/Market/Index?MarketName=BTC-STEEM
DOGE has a USD Pair, so that is an option but an obstructive one, a whole journey, and you already have a Goal so adding more is just not the Goal. Let's keep looking.
https://bittrex.com/Market/Index?MarketName=USD-DOGE
BTC to LTC, Perfect! We can Buy LTC on CoinBase, send it to Bittrex, Buy BTC, then Buy STEEM in the BTC to STEEM Market:
https://bittrex.com/Market/Index?MarketName=BTC-LTC
I will give another example here which is a way to use HIVE-Engine without having to Buy HIVE like I showed STEEM there. But I will also use this example to show you what to avoid.
This is Dswap, if you have a HIVE account, and are Logged in HIVE-Engine, you can log in Dswap and send DOGE or other Currencies to your HIVE-Engine Wallet directly, by using this Website, you simply generate a Wallet on there after connecting your HIVE account, then go to DOGE and create a Dswap Wallet address, send your DOGE there from CoinBase (feel free to send a small test amount first for reassurance), and the Balance will go to DOGE.SWAP on HIVE-Engine, you then can interact with the platform that way without ever interacting too much with HIVE.
https://dswap.trade
The Avoidance here is that if we all send DOGE to Sell on HIVE-Engine, we actually delude the DOGE.Swap value, that is the Risk you must Avoid here as a person using all these Platforms, you must do some Calculations when there are these Markets, because say we all start sending DOGE from CoinBase to DOGE.SWAP, now we are trading that for HIVE, and HIVE does not raise or fall on HIVE-Engine, HIVE trades for Bitcoin and USD elsewhere, so it is pegged to those outside markets, these HIVE-Engine and STEEM-Engine Tokens are pegged to STEEM and HIVE, so if we Flood it, the Price artificially goes down but only in the Market we are Selling in, so the Buyers get cheap DOGE and we lose more money than we should entering the Exchange. This is why the Calculations are crucial, sometimes you can enter a Stagnant Market and accidentally Sell your Coin at 1/2 it's Value because you just so happened to be on the wrong exchange, where that Coin was being Sold, Sold, Sold, but no one wanted to Buy. And here you are Selling to that no one at 1/2 price. All because you didn't look at everything first.
In order to break into the Crypto Market with Cash, you will first need a CoinBase Account. The Guide for getting Free Crypto in the CoinBase Token Lessons can also be used here. The Guide has a Sign up Link.
https://blurt.blog/blurtphoto/@punicwax/how-to-earn-free-cryptocurrency-on-coinbase-com
Once you have an account, Sign in. This will involve Text Messages, and a Code used to sign in that you get from your texts. When Signing in it is best to choose the "Stay Signed In" option, unless you are concerned with your Room Mates, or frequent Visitors, or Children, doing something detrimental to your Account.
https://www.coinbase.com/signin
I then use Ionomy.com, just because it has a bunch of BLURT it is also convenient for BLURT, STEEM, SBD, HIVE, HBD Trades between each other because they are all there on 1 Platform. So, first, go to Ionomy or whatever exchange you choose. Ionomy is harder to use for Trading because it has Low Trade Volume even in Currencies so the Prices aren't "Correct" always, there can be big Market gaps. In this Guide I will show you what I mean.
Here are Some Ionomy Markets:
https://exchange.ionomy.com/en/markets/btc-blurt
https://exchange.ionomy.com/en/markets/btc-steem
https://exchange.ionomy.com/en/markets/btc-sbd
https://exchange.ionomy.com/en/markets/btc-ltc
Because they all trade for Bitcoin, we will first do Calculations, the Buy something to turn into Bitcoins, then to turn into BLURT.
Check the BLURT Price on Google and compare it to Ionomy
This is the Ionomy Price, I will teach you how to use Google to check everything like a Calculator Tool
You will Notice we take the BID Price and Search it, I will show you why.
Now we start to Check the Markets on Ionomy, DOGE first
Check Google
On CoinBase we can see it is $0.22
Check Google
You can see the ASK and BID have a large Spread, a Gap, so you could mistakenly Sell DOGE here and lose Money. I will show that happening later in this guide.
So now Let's check other Currencies,
LTC
Then
DASH
The DASH spread is bad
So on to CoinBase
I click the Blue Circle at the bottom right hand corner, and select Buy
Look and see both DOGE and LTC, I pick DOGE thinking there was no spread, or maybe this is like someone who does not understand ASK is ASKing price to BUY from, BID is BIDding price to SELL to.
Now, this guide is for buying BLURT, so we can all raise the price together, create Rewards Programs, Delegation Programs, Curation, etc. I am spending $100.00 here, which is enough to get started on BLURT but by no means is a Job Replacement, and won't be. I already have a good amount, others may want to spend $500.00+ if the fully intend to Invest, even $1,000.00 or more. On Steemit or HIVE, it would cost $10,000-$50,000 to Buy a similar weight in the Community, and BLURT prices will rise. So here you choose, what Currency to Buy in the end, based on what you can afford. This Guide shows a $100.00 purchase of DOGE.
Now go to your Ionomy.com Account Wallet and find DOGE
I haven't used DOGE here so I click "create wallet"
If you click the QR symbol, the 4 squares, you can open it again
I go to CoinBase to send it but...
You can send a Small amount first to make sure the Wallet work, or ensure you typed it right, whatever reason you may have, you can send a test amount, but you do pay fees, in this case it would be 1.4 DOGE, about $0.30
Oops... While sending I double check and see the DOGE Spread, I would lose almost $0.10 per Coin traded, and that's a lot for a $0.22 Coin.
So I go back, and instead of Buy or Sell, or Send, I choose "Convert"
I choose DOGE to LTC conversion
Check the LTC market, and go to your Account Wallet on ionomy.com
LTC sent on CoinBase
LTC incoming on Ionomy
It will take about 30 minutes to Send
Go to the LTC Market and switch from Buy to Sell
Set it to be a Market trade, this means you Buy at asking price. The others are for if you decide you want to set the price lower, and wait for someone to Sell to you rather than Buying. This is a Bull or Bear discussion, but when prices and traffick are so low it is okay to buy at market prices, and right now BLURT is about to be Moonramping, which means a Price ramp way up. When trading BTC, LTC, DOGE, etc, usually it is safe to go low and expect it to be filled because they have stable prices, BLURT does not yet, and STEEM, BLURT and HIVE all have not met their market saturation because there are actually only a few Million users on all Platforms, leaving about 7 Billion more people. And the more people there are in the world holding something that used to be held by far less people, the more rare it is and the higher the Price goes. If your balance is not appearing try reloading/refreshing the page.
I Copy and Paste my LTC balance into the amount
Switch to the BLURT Market after selling LTC for BTC
Check your Wallet, and refresh if the balance isn't showing
You then click the paper plane to send, and send it to the account name with no @ symbol, as seen here. Make sure you use all lowercase letters, and save 25 BLURT for fees. Ionomy is a small exchange which means you have to do these Calculations, and he has set it at 25 BLURT because BLURT is so cheap and he gets paid so little. But he never disappears and steals everyone's money, and having a small exchange that you are a part of gives you a chance to petition the owner to lower fees when BLURT goes up, and even ask for your own Coin to be listed at some point.
We all just keep doing this until BLURT matches STEEM, and HIVE, then use it to buy STEEM, TRX and HIVE. Then use SBD, HBD to Buy BLURT and we all will be able to Incubate Tokens in that atmosphere, earning plenty of money to live.
Here are some other things to check out, and everyone should do a Google search for Autonio and Hummingbot.
https://blurt.blog/blurt/@megadrive/600-000-apr-stock-your-bblurt-bnb-farms-before-launch-tomorrow
https://steem-engine.net/?p=balances&a=punicwax
The Van Kush Beauty Economy Pre-Announcement
https://steemit.com/hive-119463/@punicwax/the-van-kush-beauty-economy-pre-announcement
https://hive-engine.com/?p=market&t=VKBT
For more info, read our "What is a Witness and How Does All This Work?" Guide
https://blurt.blog/blurtphoto/@punicwax/mining-steem-blurt-and-hive-what-is-a-witness-and-how-does-all-this-work
I will be creating 70 Tutorials each on BLURT, Steemit and HIVE, possibly more, but totalling at least 210. Teaching everyone how to fully use Graphene Blockchains and Sidechains to their Full earnings and other Potentials. So feel free to read more, get involved, and either become part of or create something on Graphene Blockchain, the more people there are Holding STEEM as STEEM Power and not Dropping it on the Market, and BLURT as BLURT Power, and HIVE as HIVE Power, the higher the Price Naturally goes. If you Buy up all the BLURT under $0.10 today, it would be $0.10, and now you control a Massive interest in BLURT and have a lot to offer new users with your Vote on their posts, and with your voice to tell them where BLURT is headed in the future because of you, if everyone decides they want to Hold their BLURT back and list it at $1.00 there is nothing holding it back from becoming $1.00 we just have to keep everything in view and not get spread thin as a Community, so those spending $1.00 on our Currencies are not left out, and themselves have a good pathway to earn. This post in and of itself is a way to do that, giving people access to various Blockchains, Tokens, and teaching them to Fish rather than giving them a Fish as the Proverb goes.
I wrote this years ago on Bitcointalk and on Steemit here:
https://steemit.com/money/@marsresident/474mst-economics-101
Currencies, both fiat and crypto, don't actually contain any value they simply represent value. They are called Trade Instruments, meaning, instruments that facilitate trade. Stocks are an example of trade instruments that aren't money, they have no actual value but they represent a share of a company and the company itself does the work that turns the profits that gives a share its theoretical value. All trade Instruments work along the same lines: Fiat is traded by banks and Foreign Exchange companies, Stock is traded on Stock Exchanges such as the New York Stock Exchange and Cryptocurrencies are traded on various Cryptocurrency Exchanges. All of their values are representations of real things, for example Stocks Represent created and distributed goods and services by a particular company, while fiat currency represents created and distributed goods and services of a nation. Both change based on industrial/technological/scientific/developmemtal, etc advancements within those companies or nations, as well as various factors such as Trade Volume and Inflation, War, or Political Upheaval. For example, because ISIS Soldiers stole tons of Gold from the Bank of Mosul, Iraqi Dinar are now not worth as much, because they don't have the Gold to back their currency, and their country is in a Civil War. If in the next 5-10 years Iraq were to become a Peaceful place where people wanted to invest their money, Iraqi Dinar would go back up. It is best to trade your trade instruments at the highest value possible and use them to buy real items, such as: Precious metals, Livestock, Software, Machines, Produce/Seeds, Land, Realestate, etc and then use those to get more trade instruments.
Trade volume is how many people are buying and selling a particular currency or stock. The more people who are buying it, the higher the value will rise.
An example of Inflation is when the United States starts printing too much money. When this happens a dollar starts being worth less, which in turn means it will take more money to buy the same materials. For instance, if you go to the store and one day Milk is $3/Gallon but then you go a few months later and notice it is $5/Gallon, this is because of inflation. Inflation also drives things like the minimum wage and social security checks, which are usually based on the cost of living. Cryptocurrencies with no cap will eventually inflate into eternity and lose value, unless they have a high trade volume.
Supply and Demand is the comparison of how many people want something against how many there are of that thing. For example, when Apple creates a new IPhone the value is higher than it really should be and as the technology slightly or drastically ages, the value goes down.
A Whale is a person who has a large quantity of a certain trade instrument and uses that to effect the markets. For example, if someone has 51% of a particular stock they could either sell them all quickly which would bring the value of that stock down, or they could hold on to all of them which makes them more rare and makes them more valuable.
Bubbles are when something is artificially high in value, 2 examples of this are: IPhones as mentioned before, and Gasoline. Gasoline raises in value based simply on the speculation that "one day we might run out", this creates bubbles which raises prices. But Gasoline will probably be replaced by ethanol before it ever even gets close to being used up.
Look at different exchanges- Sometimes you can get more on one site than you can on another site, for the same coins. And sometimes you can even buy coins on one site and sell them on another site for more. This works better when you are trading Crypto to Crypto rather than Crypto to fiat.
Use coins to create goods and services- Don't just use coins to buy random things, buy software and other goods that you can use to produce things or spend them on things like textbooks. Create a product if you can.
Promote your favorite coins- If you have a favorite coin and buy some, don't forget to share it on social media.
Create a currency- Satoshi gave out the Bitcoin source code so that people could make their own currencies.
Create an exchange- Transaction fees can earn the owners a lot of coins and you can help fledgling altcoins by offering them on your exchange.
Don't buy above spot- If you are trading coins for precious metals, check the current global value of that metal and buy as close to that value as you can.
Invest in foreign countries- Don't think America is the be all end all.
Steemit's First $30,000 Post
https://steemit.com/steemit/@marsresident/steemit-s-first-usd30-000-post
Cryptocurrency and Taxes
https://steemit.com/money/@marsresident/you-do-not-have-to-pay-taxes-on-cryptocurrencies-until-you-sell-them
Voting and Witnesses on Steemit
https://steemit.com/steem/@marsresident/vote-for-steem
How DogeCoin Overtook Other Currencies
https://steemit.com/steem/@marsresident/how-dogecoin-overtook-other-cryptocurrencies
STEEM’s USD Value will Climb Throughout the Year
https://steemit.com/steem/@marsresident/steem-s-usd-value-will-climb-throughout-the-year
How STEEM Can Become the #1 CryptoCurrency
https://steemit.com/steem/@marsresident/how-steem-can-become-the-1-cryptocurrency
Github Archive for STEEM App Developers
https://steemit.com/steem/@marsresident/github-cryptocurrency-app-creation-archive