If you wanna have a successful journey on Steemit you gotta play smart and steady, we, the people from Steemit, we are dictating the price per Steem and SBD, we are responsible for our buys and sells, no one else.
But the main question is, can you profit from this? Hell yes you can, its true that you can never predict the market but don't forget that the history repeat itself!
Image artwork by Cynthia Decker
Here is how you can profit, I call this a method, but it's only a game for steady players.
Currently, the SBD is trading at 1$, we went from 3$ to 1$ in one month, the SBD hype price of 14$ per SBD was decreasing from December and now its hitting the bottom line, I think the max low can go to 0.90$ per SBD, but, that's just a analysis from me, of course, it can go bellow that.
So, lets say you invest 100$ (fiat money) in SBD, that would give you around 100 SBD. Once you buy the SBD, just lock it there, put it on savings and wait for the next massive hit, we all saw that the price of SBD can go much higher than 3-4$, the first huge wave was on May 17, 2017, SBD was trading for 22$ but only for one day, not sure what was the cause of that huge pump, I wasn't on Steemit back then, but I was on the 2nd wave on December when the SBD went from 2-3$ to insane amount of 14$, the funny thing is that the price of 14$ was trading for days, after that the price was decreasing but not at once, but slowly, for few months, the earnings on Steemit were insane, really insane.
But my thoughts are, if this happened twice, why not happen again, what if there is another huge jump in the next few months? Stop selling SBD and start collecting them if you are not able to invest fiat money into SBD.
So my plan is:
1. Get 100 SBD (invest 100$ fiat money)
2. Wait for the SBD price to increase from 5-10$ (you can also set a goal for 3$ per SBD)
3. Exchange the SBD at ATH for fiat and hold that (we can never know how big SBD can go in the next wave - if there is another wave of course, personally, I will wait 10$ per SBD and if that price is set then I will exchange all of my SBD's.)
4. Hold your fiat money (yes, don't trade them for fiat and withdraw them, I know that you've made a huge return profit but play smart and brave.)
5. While holding your fiat money pray for a dip (yup, you heard it right, dip is the most important factor in this game).
I was on Steemit from October 2017 and I wasn't much aware of dips and highs as I am now, but luckily I have a great chance now to get my hands on huge amount of Steem to use it for Steem Power.
Okay, so currently we are on 1st step, we only have SBD's, we need to pray for a huge market pump so we can exchange our SBD for fiat.
Once SBD's jumps to 10$ per SBD and lets say that you were holding 100 SBD, congratz! Now you have 1.000$ fiat money, epic ha?
Now its the time to hold them on fiat and wait for the market dip. Wait for the Steem price to drop (if the SBD's jumps to 10$ I bet the Steem price will follow to 5-6$ per Steem), but this price won't stay high for long, just wait till the SBD price hits correction, the Steem price will follow a correction as well and probably dip to 2-3$ per Steem, your bottom line would be around 1$ to 1.50$ per Steem, with your 1.000$ you can buy 1.000 Steem in the best case scenario, if the Steem is holding at 1.50$ you can get sweet some sweet Steem amount, around 700 Steem, but even if the price is dipping around 2$ per Steem and it's holding that value for some time, you can go ahead and do the final touch, exchange your 1.000$ for 500 Steem.
You see what you did there? You turned a 100$ investment into a huge amount of Steem, from 500 Steem to 1000 Steem, the sweet part is that you only invested 100$. For 100$ to get 1.000 Steems you need to wait Steem price to drop to 0.10$ per Steem and that won't happen in the near future.
I know that 10$ per SBD is huge step, but if you are not feeling that way, I think SBD will reach 5$ and you can invest 200$ for SBD's instead of 100$ and take less risk, sweet isn't it?
After you get your Steems you can power up, contribute to the Steemit community and get sweet Steem Power and be a valuable member of this platform.
This sounds crazy, but it happened twice, why not happen again, you better be prepared. Big players are already stacking thousands of SBD's and they are gonna get very huge amount of Steems, you need to know that its not important if you are rich or poor in the market, you need to use your grey cells as Poirot says lol.
NOTE: The material contained on this post is for informational purposes only. I am not financial adviser, this is just a method you can try if you have some SBD's or you wanna invest few dollars for trying this method.