BEWARE All Steemians :- Stop selling your SBD right now in Brittex/Poloniex.
Darkest Phase for Steemit: Steem Dollar now it's lifetime LOW.Please Don't Sell Any SBD Right Now.
Steem dollar running it's all time low, now at 01 SBD = 1.06USD and bitcoin exchange value for is low as 0.00043072 btc.
It is running its lifetime low. Since it's listed in bittrex on dated 09.07.2016.
when it starts listing at bittrex, the exchange value for 01 SBD is 0.001877 BTC. But now it is running at 0.00042350 BTC/SBD.
But there is another factor that bitcoin price is having a huge surge and plunge 600% within few months. So that's why we may see some price correction in steem dollar.
But the fact is that SBD is now going to it's darkest phase and running all time low. Even I sold my few SBD in 0.00069206 BTC/SBD only a few days back but now it's now running very low.
So, My suggestion is please do not sell your steem dollars. Keep it at least you get 1.63 or 1.80 USD/ SBD.
Now It's Time To do dome shopping:
on another hand, if you had money this is the right time to buy cryptocurrency. Buy now as this is running low and price drops.
But others who had no money to trade cryptocurrency, Let's wait and watch.
I use @randowhale to upvote my posts and keep rolling my SBD into my posts. I am reinvesting in myself and Steemit at the same time. If you look at Steemit as a pump and dump scheme you will not be successful in my opinion.
This post received a 4.9% upvote from @randowhale thanks to @blaineb! For more information, click here!
How do you do that?
I see you figured it out! Sorry for the delay in my reply, how satisfied are you with @randowhale? =)
As you can see i roll my randowhale "winnings" forward to the next earliest possible payout. I will start experimenting with upvoting my own posts as soon as they are posted to make them trending or hot?
Informative post - I hadn't noticed SBD was back near 1 dollar.
I think the original plan, though, was that SBD should be roughly equivalent to 1 USD? I'm not sure what mechanisms were in place to try to maintain this, but there are mechanisms in Bitshares which has allowed bitUSD to hold its dollar equivalence very accurately over time (if you look at https://coinmarketcap.com/assets/bitusd/).
What I'm wondering is if it was just the whole recent bubble/hype/mania which caused SBD not to maintain its dollar equivalence and become worth more. And, now the bubble/mania phase has died down, SBD might return to closely tracking USD again, and perhaps stay that way for the medium term.
Of course, not so good if you hold SBD and they are not so valuable now :(, but it could mean the system is technically working in a better way(?)
Anyway, I'm just speculating - a witness could probably answer these questions accurately (I'd be very interested to know :) ).
Thanks, nice analysis, i hope it will back soon.
If there is indeed a floor built into the system, which means it shouldn't below $1, then your advice is really good. I.e., if it can't go down further from here - but since it still has the potential go back up, then now wouldn't be good be a good time to sell - and instead better wait and to see if it does go back up :D
Thanks for share this information, very useful
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by whiteblood from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.
You've been followed, upvoted and resteemed, is this another tool like @randowhale for aspiring sturgeons like myself?
This post received a 4.2% upvote from @randowhale thanks to @whiteblood! For more information, click here!
Nice post!!