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RE: Where will Steem and SBD go from here?

in #steemit7 years ago

I agree with your general idea of HODL'ing steem. It's silly to sell off at this stage just because the price reached an all time high and is now starting to drop.

However, I have transferred some of my Steem to Bittrex, because I want some liquidity for my Steem. Nevertheless, I do believe in the platform and looking forward for Steem to reach new highs!

I've got a question regarding these bid bots. I recently spent approx. 50 SBD on boosting my post, (first time I'm properly using these), and my post maxed out at just under $200

There are still about 4 days left until payout, but as the price of SBD is dropping, I can't work out if this will end up as a profitable move. Given that 50 SBD is approx. $200 at current market value, and I need to consider the curation rewards, I'm guessing no.

I tried this experiment because I'm tired of writing content which isn't seen by anyone, and noticed that all the big players are boosting their posts. But as I'm still technically a "minnow", and haven't yet built up my following, I can't work out what I should aim for in SBD investment to promote my posts, and still make it profitable. Any advice would be much appreciated!

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Yes

I hear you buddy. Not much of a blogger. Frankly I just like venting into the ether to placate annoyance at what the uneducated prols are doing right now. Love new comers to crypto, but an uneducated newb is a dangerous thing these days.

On an actual related note, I've found right now that just loaning mine out on MB nets me a reasonable return, and I'm only really in it for the long term.

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