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RE: As Steem falls, we're printing more of it.

in #steem7 years ago

These things come and go from just the year that I've been part of steemit. So not worried about it. Just trying hard to find a place to pull some cash to invest on a short term as I feel a quick 2-3x return can be made by xmas. Feel right now as there is no SBD being printed and it's supply is very limited compared to steem this will pop much like it did last year. The same issue happened last year with steem prices being so low and sbd printing was super low. The rally started and SBD faired much better then steem. My thoughts are that we will see much of the same coming up soon.

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At the moment I'm more interested in holding SBD than Steem, certainly. I'm not as convinced that there's a rally coming soon, though.

My rule is that when everyone is excited that is when I need to be worried about a crash coming, as everyone gets really down on something it's time to start buying. I called 80c as the bottom for steem 6 weeks ago and restated it a few times to different people and we are in that range. From here I feel back to $1.20-1.30 will happen quickly which is a 50% return and SBD will follow. The real jump will happen when it pushes past there as there just won't be enough SBD to go around.