Internal market- PDF

18
Jacques Gagné @grandpere August 2016

Transcript of Internal market- PDF

Jacques Gagné@grandpereAugust 2016

Your wallet contain :

• STEEM

• STEEM Power

• STEEM Dollars

STEEM• Tranfer

to another person or Bitcoin

• Power UpIncrease your power (long term)

• Deposit from Bitcoin

• Buy or Sell on the internal market

STEEM POWER

• Deposit from Bitcoin

• Power Down(1/104 each week during 2 years)

STEEM DOLLARS• Transfer

• Convert to STEEM

• Buy or Sell

Normally, 1 SBD= $1 USD

If change rate is < .95, it is not a good opportunity to cash out.

Options :• Trading on the internal market

• Powering Up

In a new windows

• Verify the trend withBittrex or Poloniex.

• Check

Last Bid and Ask• Red indicate Sell (Ask)

• Green indicate Buy (Bid)

https://bittrex.com/Market/Index?MarketName=BTC-STEEM

STEEM DOLLARS

• Buy or Sell

Check Bid and Ask

Feel the trend

Observations :

• Read about what affect the market?

• Buy Low & Sell High

• Time elaspsed : maybe 1 hour, 1 day, 1 month

• Estimate your capacity to take risk

• In a spreadsheet, evaluatedifferent scenarios

In BUY STEEM

• Fill the fields(near ASK price for now)

• Click BUY STEEM button

• Authenticate

You need to have some STEEM DOLLARS in your wallet

STEEM DOLLARS• Buy or Sell

Verify in Open Orders

Cancel anytime

There is only 1 pair :

• STEEM DOLLARS to STEEM

• STEEM to STEEM DOLLARS

When you click “Buy STEEM” you are selling STEEM DOLLARS

SELL STEEM

• Fill the fields(near BID price for now)

• Click SELL STEEM button

• Authenticate

To Sell STEEM (for STEEM DOLLARS), You need to have some STEEM in your wallet

STEEM• Buy or Sell

• Verify in Open Order

• Wait for order to be filled

• You can Cancel anytime

• Withdrawal units is in STEEM

• After Sell, deposit is in STEEM DOLLARS ($)

You can make Buy and Sellat the same time if youhave some STEEM and

STEEM DOLLARS

Good Luck!

And lots of money!