It used to be a very simple thing, deciding when to liquidate your Steem Dollars. However, that all changed on November 20th-30th, 2017 when SBD got a massive pump and ever since that time, the Steem Dollar has not dropped below $2.89....
Thanks to some of our biggest recent upvoters, @thejohalfiles, @lukestokes, @kennyskitchen, @broncnutz, @hedge-x, @kencode and a few others, @consciousangel7 and I have the largest amount of SBD we have ever had... We really want to turn our SBD into BITCOIN so we can use it on our Shift Cards to cover expenses. What do you all think we should do, HODL for a specific price target, or liquidate it while they're still up 400+%? Ingrid and I need to start using our crypto to buy things and pay for stuff, so we need to decide on this as soon as possible (:
Any and all advice is welcomed. Please keep in mind our intentions or turning it into BTC.
If you guys wanna get more BTC, then this might be a good time while BTC is still at a low. But if you guys wait for SBD to rise upto around $7-8 (which sooner or later i think it will) BTC will also have grown a massive amount by then, so you really be increasing your btc holdings. But if you wanna cash out some to fiat, I'd say hold some for a rise later, but also sell some now to pay your bills and, if there is a collapse, you haven't lost all the money your SBD is worth now!!
Do check out the analysis from @ew-and-patterns I have been using his analysis to get an idea where this steem sbd drama is headed with the ration and all....he does a great job!!