What to do, what to do...
It has been exactly 1 month of me using steemit and for that whole month I have managed to earn the whooping sum of $516.866 SBD (Steem Dollars), so I was wondering what to do with them. Previously I had an idea what to use them for - buy a product that steemit users want reviewed and post a review, but that did not get much traction. My product reviews, I did a couple of them here on steemit, did not catch much attention and these do require a lot of time and effort to test and write the review after that. So I dropped that idea at least for now... Or maybe I should have used a bit of the SBD to get a new keyboard for my laptop... :D
What I ended up doing...
So what I did instead was to transfer all of the $516.866 SBD to Poloniex, sell them for BTC and buy STEEM... the price is just about right to almost get 1:1 exchange to STEEM. Figured out what is best than to invest what I have earned so far back into the steemit platform as I do plan to keep using it. When I transferred the STEEM I got from Poloniex back to steemit it was a total of 501.152 STEEM. The whole process back and forth and the trading part itself took just about 30 minutes.
Some people are expressing their concerns about the Steem price going down and see Steemit doomed to fail, but I don't think so, even though there are things that I don't like and that need to change for a long term success and growth. Still I believe enough to reinvest my earnings back to Steemit and so could you as right now may be the perfect time to get a really good price on Steem. This is just a good opportunity for people to invest in Steem, if they believe in its future and potential.
I believe that what is currently happening is the price of Steem is just getting back to a normal reasonable level, but people do seem to think that the huge peak from a few weeks ago was representing the real value... no it did not, it was pure speculation that drove the price very high very fast and now it may have just reached its current real value and things should start settling down.
So what did you use your first earned Steem Dollars for?
If you have a question or want to add something, then please leave a comment below.
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