I just checked and.. Steem is at $1.94 and SBD is at $5.95! Woot.
I've been trying to figure out how to cash out so I can take a bit out to get a drone.. Though.. It hasn't been easy for me.
After a lot of research I tried the most popular wallet coinbase, I decided this because I'm planning on holding all of my steem in my steem wallet.
So I'm basically just taking out some to get a drone and I don't need to worry about being hacked that much since I'll be keeping the rest of my steem where it is.
Yet.. I've been unable to verify my ID with pictures of my drivers license.. I dunno if it's cause I have an old ID or because the lighting isn't good enough or what..
I'm kinda frustrated. Not sure what to do, maybe I'll try another exchange.
Does anyone have any advice here in regards to perhaps getting a better quality picture for the ID, or using another exchange?
Is there another one that allows Paypal? Hopefully I don't have to go get a new Drivers License.. Mine is still technically valid even though it's older..
It would be great if they could tell me exactly why it wasn't accepted so I could know how to fix it, maybe I can email their tech support and try to get more personal help?
One of my friends on here said to try Bittrex, does that allow you to cash out with PayPal? Or to a bank acount? Or..?
I'd like to do it through Paypal if possible..
Also I think I discovered why steemit has been growing in value so slow..
It's linked to bitcoin, you can't cashout as far as I know without going through bitcoin..
So.. It could be that as bitcoin rises in value, steemit does not.. And steem perhaps sort of acts like a steem valve for bitcoin..
This was disconcerting to me.. It makes me think like some others have said that steem will never raise to high levels.
I could be wrong, but that's sort of the impression I'm getting, and if so it makes more sense why steem hasn't been rising as much.
Also I'm more and more open minded to the conspiracies that bitcoin is a path for us in a conspiracy sense into the cashless society.
Though.. I still believe that more free crypto coins are a good step in the right direction of freeing people up financially.
Which is one reason steemit being tied to bitcoin concerns me so much, it's like being tied to the US dollar in a sense if it is true that that is the one the "elite" have chosen to be the main digital currency.
I thought steemit was more free and less decentralized, yet it's looking like.. If we're always going to be pegged to the bitcoin, we'll always be pegged to the main fiat source which is potentially orchestrated by government.
I'm not sure if there was any other way to do it since bitcoin is the most popular coin that exchanges are willing to really pay real money for, it's the most reliable one so to speak..
So.. Maybe steem had to piggyback on it at first? And in the future it could detach? I don't know.. Maybe I'm wrong about a lot of this! I don't totally understand how steem works admittedly.
Though it does seem as if you can't cash out without going through bitcoin, so.. They must be tied or attached at some level. How much? I'm not sure.