SBD update 02.02.18
Nothing changed overnight in BTC, but today and tomorrow is decision time for SBD. It is approaching one of last major resistances.
Will the uptrend line which is currently @ 3.36$ be enough to end the downtrend? I hope so, but I don't thnk it will.
I have a strong bias to see a good drop to 1.4$, because I want to buy a shitton of SBD @ 1.4 $.
You will never in your liftime, find a better buying opportunity than this.
SBD has a guaranteed bottom @ 1$ like no other asset. It can't drop below 1$ for a prolonged time. It's technically impossible by its design.
So if you buy 1.4$ or below, the worst that could happen is that you loose 40%. But you have the potential to have it rise again to the old alltime high of 18.6$ in 2018 or 2019 or any of the following years. The risk reward ratio is insanely good. In fact, I have never seen a better one.
So if you are in it for the long run, like myself, the risk is very very low in my opinion... Do you think that SBD would jump to 18$ and then remain at 1$ for the next 10 years? I doubt it. Just image what that chart would look like.
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If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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Have a nice day :-)
I guess you are right. I want to buy SBD also for that let us wait a little so that It can drop even below but the fact is we should also think about how much it is going to grow. the prediction 18.6 $ its really awesome but I am also looking when it is going to happen
Ich wollte SBD in Steem tauschen und hatte auf bessere Kurse gewartet, nun ist es noch schlechter geworden! 😩 Ich glaube ich warte nun noch weiter...
Ich weiß das ist frustrierend und es kann durchaus noch längere Zeit so bleiben... aber im Nachhinein könnte es sich als großer Fehler raustellen jetzt noch zu so einem schlechten Kurs zu tauschen, wenn man nicht auf die Einnahmen angewiesen ist.
Ich möchte im Moment alles wieder investieren und werde definitiv warten bei dem schlechten Kurs.......... Meine Geduld wird nun also auf die Probe gestellt 😉 Danke für deine Tipps und Infos!
Wer anderen Menschen das Glück verkauft ist der wahre Gewinner.
Totally agree with you,thanks for sharing.
IM IN!!!
LET'S RIDE!
That's what she said
GO HORSEY GO!
There is actually an effort by Steem witnesses to get the SBD pegged to the dollar. This means that what you're saying about a bottom of $1 is true, but the upside is potentially also 0% since the witnesses will keep the SBD at $1.
Yes they are "trying". They don't control the exchanges, which means even if they peg it on the steemit website by allowing to exchange it for 1$ worth of steem, the speculators on the exchanges might not give a f*ck, like they didn't when the first value explosion happened.
Of course there is no guarantee that it will be like that. But I am willing to take the risk.
I am hoping ew can address this. It would suck to buy it and then have them keep it at $1
Thank you 🙏
Thanks for Informations.
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It will be a great buying opportunity. Thanks for the detailed analysis.
I have to agree the time to buy is now
Great information. They say knowledge is power and you sir have given me immense power.