TUTORIAL FRIENDS have seen and opened one of the features in steemit about Market Currency. But not necessarily all users of steemit can make good use of these features. Generally, steemit users only utilize the feature to convert (change) Crypto SBD type to STEEM, or simply.

Actually in the market feature can do the tranding when converting the type of Crypto that want to sell or buy. Even to determine the sale or purchase price can be controlled entirely by steemian. Even so, in the formation of the price for the steemian must see the potential price is terendeh and the highest price, so the price offered is not out of the ordinary.

For example when I post this price SBD to be STEEM at position 1.430202. So if friends want to convert 1 SBD to STEEM at that price, then friends will get 0.7 STEEM. Or 1 SBD will be multiplied by the offer price ie; 1,43020 with total STEEM that will get 0.7 STEEM. This is a way of selling / converting SBD to STEEM at an ongoing price, or if I mention it at a normal price.

Where Is Your Position to Determine the Sale and Purchase Prices?

We are still talking on the Market Currency page. At the top of the column, the number you can replace with the price you want to offer. For example number 1.430202 you can replace with the new offer price at the price of 0.1, then 1 SBD on the offer number will get 10 STEEM. But the price is in my view an impossible number. Ideally it would be the most rational offer at 0.7, then at the offer price of 1 SBD will get 1.429 STEEM.

In this context for steemans it takes patience, because the price offered is not in the current position. So you have to wait when your offer price will arrive. When the bid price has reached, the conversion of SDB to STEEM will happen automatically, or the SBD will be released by itself.

You can also cancel the conversion process, if after you analyze the price you offer is impossible to achieve. The cancellation process is very easy, you can just press cansel, then the conversion process will end, so the SBD you plan the conversion was back into the wallet with the same amount.