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RE: The Coming STEEM DOLLAR Purge : Why it Needs to Happen and How
the Geniuses in the room using TA will probably see this as a very bearish indicator and a break-out on the downside.
Wait you mean the overpaid highest paid Crypto Guru on Steemit isn't using factual data to support all his highly thought out well written posts...crap no wonder I lost my house, car, retirement fund, kids college tuition's, and had to sell a kidney listening to his advice.
Like you thoughts, but don't see it getting back to $1 personally. The demand due to the bots will keep it bolstered about the intended $1 target. If you close the bots down SBD drops 50% in less then a week.
LOL. I am going to take that as a joke. I don't think anyone who follows He-Who-I-Will-Not-Name would be smart enough to own a house, car and all that stuff in the first place.
It is a good point you make about the bots. Maybe I'll have a look at the SBD circulating through the bot economy to see if we actually do need a high Circulating Supply. A lot of them are accepting STEEM now so I am not convinced we need SBD for that.
Most will take steem, but if you look at the bids most bidders are still using SBD. Just because it's not "needed" doesn't mean people won't want to use it for simplicity. You earn SBD from your posts so it's easier to bid with it and keep track of profits/losses per post when the amount paid and earned is in the same currency.
And naturally it was a joke...lol