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RE: Bitcoin clobbered into key support zone ... can end of quarter flows save us?

in #bitcoin8 years ago

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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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