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The price of Steem & trading using different currency pairs by davidnx

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· @davidnx · (edited)
$2.79
The price of Steem & trading using different currency pairs
![](https://steemitimages.com/DQmU6ZofqfDuEtF4ybqDbfepsaeKnzE6ArByHjxmBULLjEH/image.png)
(poloniex.com)

Just been looking at the price of Steem on Poloniex and I see that it's still going down in BTC terms. The only saving grace, as they say, is that I also invested in Eth, which would have been a disaster if it wasn't for the fact that the Eth/Steem price has been fairly constant.

The upshot is that I have been able to do some slightly profitable trading between the two. That's better than nothing in this climate.

![](https://steemitimages.com/DQmZTx2Q9hZvSKiZbwyy1ayeFF4wnUfeqnmiW7HTKyB6ZyV/image.png)
(poloniex.com)

Another advantage is that, if it later becomes unfavorable to trade Steem, I can still use it to boost my SteemIt account -
 assuming, that is, that Poloniex's Steem wallets will be unfrozen at some point.

I had promised myself not to uses Poloniex for Steem trading, but that's a another story.

So, I just want to finish by saying that, when the bitcoin price is falling as it is, it may be worth just trading other currency pairs instead of ones that use BTC. At least it gives the trader another option.

(As always - this is NOT advice!)


<p><center>---------------------------------------------------------</center></p>
 
Thanks for looking at my post and..

<p><center>https://steemitimages.com/DQmTvw4CcGnxEBtR1xnT32ocdh3YhgB6fRYjPYYZsTei78f/image.png</center></p>
<p><center>(pixabay.com)</center></p>

<p>... be happy!</p>
<p><center>---------------------------------------------------------</center></p>


<p><center>https://steemitimages.com/DQmZ52PxPvkxhRiuvyUc2Q25Ehm8W6SQpzQyox298nKwzKk/image.png</p>
<p><center>https://steemitimages.com/DQmeUc6tMgdjJvyraPfQnAZK3erJspoCqsun9JizTyVf8HC/image.png</center></p>
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vote details (10)
@digitalking ·
Sounds good to use another pair when bitcoin drops but  this depends on the risk somebody wants to take. Usually bitcoin drops make hard every trading. Been able to boost your SteemIt account  i consider that is the biggest advantage of steem.
👍  
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vote details (1)
@davidnx · (edited)
Yes, I was just giving it as an extra option. I like trading, so even when the market's down, I like to have a go.
👍  
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vote details (1)
@freddy90 ·
Thanks for the info greetings from Bolivia I need esteem.
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@shahzaib ·
thanks david sir for upvoted me i really thankfull for ur appriciate me
👍  ,
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vote details (2)
@shebe ·
$0.99
pretty right on target I would say.
👍  ,
properties (23)
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vote details (2)
@tioluis ·
yeah I had some Steem sitting on Poloniex but just sold it and got rid of it. Then sent that BTC to STEEMIT into Steem, I guessed if I was to have it sitting there. might as well have it sitting here and let it help the posts :P
Soy tu tio
👍  
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