I hope things get better soon so I can jump in the shallow end of the pool. Is this a great time to buy steem or should I keep my $ and sbd's? Great post @bulleth
Joy
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I hope things get better soon so I can jump in the shallow end of the pool. Is this a great time to buy steem or should I keep my $ and sbd's? Great post @bulleth
Joy
Hi Joy, the SBD peg is currently broken so holding SBD is just as risky as holding STEEM. As for buying Steem right now with crypto, the general consensus is waiting for a buy signal is a lot safer than trying to catch a falling knife. On other hand, if you're thinking long term and you're investing (rather than trading) there is arguably a lot of value in STEEM down here.
Thanks. I've heard people like @davemccoy say in a post he wants steem to go down to 50 cents...ikd. Thanks for the info. Yes. Yes indeed I am an investor in steem coins. Lol. Feels great!
Joy
Hi Joy, I checked out Dave's blog - he's mistaken about the inflation economics of the platform - there's no SP bonus from a falling STEEM price. All that happens is you get less SBD to buy STEEM with :(
Did you let him know? Cuz I'm not gonna tell him. Lol. He's on a roll and I couldn't explain it.
Thanks for the truth @bulleth. It always helps. :)
Sure did, no response though :)
That's all he does is research steemit and be involved with steemit. I'm sure he took note of it. :)
Joy