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At the Beggining as a Neophyte, I sent SBD to Bittrex where I exchanged them for chunks of BTC when prices were low with respect to averages, them sold them, bought Steem, send them to Steemit and then Power UP. Everything looks just fine, and still make sense if you clearly see a jump in BTC prices where you profit based on your expectation of price hike.
But then, came
with his warning of Never use the "CONVERT TO STEEM" botton: Always go to the Internal Steemit Market. That post change my life, the way I change SBD and my whole 2018 Capitalization Strategy.!!!
I had never used the internal market, nor I was even aware of it, due other confusing internal links of Steemit:
- BUY STEEM OR STEEM POWER
- Buy Steem
Which all take to https://blocktrades.us
Also, somewhere I read that changing SBD into Steem would take at least 3 days, which was not in line with my Real Time operating mode. All of these made me go into the Bittrex Exchange for Real Time transactions.
However after reading
Hence I shift my whole strategy: Now I would send to Bittrex only those SBD that I would like to invest in other cryptocurrencies, but not for exchanging them to Steem for Powering purposes.
Of course if I were to exchange SBD on Bittrex, it would be for BTC or any other Crypto I could sense a huge profit so as to buy even more Steem and make more SBD, in a indefinite cycle.
I want reach 1,000 Steem the fastest. I have realized that large amounts of Steem behaves as Black Holes regarding Followers: The more you have, the more they suck in due to the gravitational pool of potential rewards on upvotes and cash cow milking.