Steem Dollars Crashing! Time to HODL? | DTube
Just in case you aren't obsessively watching the price of crypto, I thought I'd bring you a late update and tell you the way I'm playing the downturn in SBD. Not investment advice
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Better to sell Steem Dollar and buy Steem. SBD will go back to 1 Dollar in the mid to long term. Steem could profit from that because due to the high SBD price autors earning more money for their post and use the SBD to buy Steem and use it for powering up. Here is how the regulation mechanism works: https://steemit.com/steem/@sevenseals/why-the-steem-dollar-sbd-will-fall-back-to-1-us-dollar-the-self-regulation-of-the-sbd
I'm immune to all of that... I'm hodling Steem Power, not SBD :D
Cheers! Upvoted.
Good advice. I concur - HOLD! Or should I say "HODL" Or should I say "HODL" ;) I will also be holding on to some for the long term as I feel that the true "value" of Steemit is growing daily. Yesterday it broke into the top 700 websites in the US, and is steadily climbing. If it can compete with the more mainstream social networks, SBD will soar! Thank you for your research and advice. You have a new follower :)
Your post is so good and standard. I am just upvote your post plz upvote my poste @hrishikesh
it's a tricky thing. One hand we have constant down pressure because Steemians want to cash out. But at the same time we see more than 4x the amount of buy orders than sell orders. Currently the traders play with the price and drive it down by constantly correcting their bids down. I think we might see some new interest after new year. Sadly I cannot wait that much and have to cash out some of it now to pay my next rent. I still wonder if I should do it now or wait till the last second.
Long term hodlers always wins dear.
Follow me @zahidzzs
If everyone hoards sbd they will go up. I expected a downturn and have been selling them as fast as I got them I think I am going to try to save them
it's just a dip. most alt's are down now
The drop feels more like a correction to me . Good to see you on Dtube bro :)
Not going to sell my SBD because of a general market correction. Think we'll see higher prices at the start of the year.