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RE: Managing Expectations when trading SBD for STEEM

in #steemit7 years ago (edited)

just to clarify one thing though, that's the point of SBD. For now, in the "real" world, the USD is still king (ie. the reserve currency). And SBD is basically crypto fiat USD, easily transferable in the blink of an eye!

We don't trust fiat, can't even move it around easily since we're fairly nomadic these days and as an investment it has been great to us.

The USD is not going away any time soon, and certainly not before other fiats "topple" first (ie. japan and the EU). And while some of that money will inevitably end up in the crypto space, the BIG money will most likely end up in the safety of the highest quality USD-denominated corporate stocks and bonds (NOT government bonds). But all this is probably much more than you were asking for! lol

btw, STEEM's actually now fallen slightly below $1 USD again.

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Right, yeah I noticed a few mistakes in my wording above. It was super late and I'm still getting it and re-reading slowly lol. SBD stability against USD makes much more sense now. Oh and yeah had some orders in and bought got STEEM in my sleep :)