Do you think this supports Steem at a higher price? Should I be buying Steem if I believe in if? I'm kicking myself for not getting more at 0.06 but if this is the new bottom at 1.50 should I buy more and power up or buy more and hold?
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It's a very good question, but I'm not a trader. Personally, I think that in the long-term there is a lot of upwards potential, but I have little clue what it will be doing in the short/medium term.
Hell yes it will. Image the crypto bubble pops and people want to sell crypto for a stable asset without using banks..... this could push a lot of demand for sbd which then will push steem.
As a trader myself in SBD Tim, I just fear for the law of unintended consequences here. Any changes could make investors flee the SBD on Bittrex for example. This is already a v.volatile instrument to trade! Perhaps your plan could bring some stability to the price in the long term, but not in the short term. Interesting plan :) Upvoted.
Very good point. Short term consequences are definitely an item for concern.
I just wish the Steem price would catch up and surpass the SBD price ... that time will come though through good organic growth :)
Hope so too :) I feel that it will eventually. Likely sooner rather than later.
Looking at the daily charts I fully expect it to hit $2 before I get home from my 3 week vacation in Israel :)