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RE: Can the broken SBD Peg Predict the Bottom?
It is a very fair assessment to make that SBD is an indicator for the broader market. When it started spiking back in November it was a signal that something was amiss and it spooked me enough to start selling.
I also know that crypt0 from crypt0s News frequently references SBD as an indicator like you suggest.
BTW - Mr Big Shot you pretty much nailed the entry and exit prices for STEEM. Even with a 13 week Powerdown cycle you got your powerdown completed at a great time. Will you be buying back in when SBD goes sub $1?
It would be tempting but I don't think so. I would much rather it didn't go down that far and went the other way.