This is one of the best post I have seen in my limited time on Steemit. I come from the forex trading world and I grew up trading Japanese Yen. I agree with you that the prices should go down towards $1. But I don’t see that as a bad thing. A 1/6th drop should me palatable for altcoin investors. Even the king BTC is down 50%. Just the way trading works. Remember the moment BTC futures opened up, days of massive gains are over
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Thanks. I trade a few alt-coins, but if I lost 85% on a trade I'd be pretty gutted. What concerns me is newbies here on STEEM thinking they should HODL or buy more SBD and not understanding how it works.