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RE: Vlog 215: Sticking to my investment plan + Could vote bots explain a high SBD price?
Hey man
I'm trying to power up, but also using SBDs to travel as well.
I did wonder the same about the bid-bots, but the SBDs they take are going to the pockets of a few (to pay the delegation lease etc).
I think that SBD are traded like the rest of the alts. and when the chartists/forums decide its time to buy, the price rockets as the rest do.
Of course, i hope SBDs remain here or rise, but at the back of my mind I still think $1 is coming at some point, and so if you can, buy that STEEM and power up!
Cheers!
I also hope they will stay high for a while. But in the end they are only worth 1 dollar worth of STEEM. Selling them for STEEM or something else (crypto or fiat) at these prices (or well anything above $1) seems to be the smart move.
I'm also keeping some but that's just for speculation. Maybe they will pump again for reason X :)
When you consider that the rewards on this platform is 10X already compared to other platforms it shows that there is lots and lots of earnings and growth potential. No other service gives you these amazing rewards just by posting helpful comments. And it's a fast system too. In the future maybe it will go down a bit to 3x as rewarding but that will still be way better than the other platforms that only chase followers and doesn't build trust and reputation. Because clearly the true value of Steemit is the trust and reputation built in system. :)
Over 90% of the volume is on one exchange from one country, if the price had anything to do with interest in using steemit then we would have already seen an explosion of Korean users utilizing the bid-bots, but we can see that this is clearly not the case and I think that it's just a convenient pump and dump tool for them because it's paired with the Korean Won, their fiat currency, and total SBD in circulation is very small.