I believe using my profits from Steemit is a great way to trade, its essentially risk free, although you may lose your profits. In my case I'm using my Steem to promote my posts not my SBD so I will technically lose out if I don't make back the money from trading.
But it might be worth the risk because SBD is very stagnant at the moment and although meant to be kept at least at a dollar I dont see much potential in a sideways market which we are experiencing.
Every time I take SBD out i'm going to make a post about it and what coins I've brought with it and show the progress of my other coins.
This Week:
BAT (Basic Attention Coin): Its been doing very well the last couple of days and seems to be strong in the market at the moment also the charts look quite promising.
6 Months
The volume is the crazy thing, youd expect it to be a lot lower when the market is at it is, the amount of volume could be showing the interest people have in the product.
Its a good product:
The BAT is the tokens on which the Brave browser works, the browser itself is brilliant, best I have used. I did a small review on it previously: Click here
The idea of being able to pay your favorite sites, Youtubers etc instead of ads is a nice thought and definitely has potential.
The long term plan:
The plan is to diversify my portfolio more because currently all my investments are in Steem, I would also like to use Steemit as a sort of safety net because I could take profits turn it into Steem and power it up, those profits will generate me more SBD that I can then invest again. It will hopefully allow me to not have to hold coins that I don't know too much about and take quick profits without the worry bitcoin will tank. Although Steem may tank I'm holding it long term so it won't effect me much.
This isn't financial advise I am purely just showing what i'm doing with my SBD
I'll let you know how I get on!
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