That's what has me concerned. Someone trying to find safe harbour....who is overpaying so much they are accepting over a 50% loss when SBD inevitably returns to $1? What would that say about where they see the broader market going? What do they know that we don't? If that doesn't tingle the spidey senses for a trader then they're too new to have had the experience of being ambushed by the market before!
I was using SBD as a safe harbour and sold it for over 100% gain on the first spike. It is not a safe place to park funds at this price and that's the main reason why I am reluctantly returning to fiat :(
That's what has me concerned. Someone trying to find safe harbour....who is overpaying so much they are accepting over a 50% loss when SBD inevitably returns to $1? What would that say about where they see the broader market going? What do they know that we don't? If that doesn't tingle the spidey senses for a trader then they're too new to have had the experience of being ambushed by the market before!
I was using SBD as a safe harbour and sold it for over 100% gain on the first spike. It is not a safe place to park funds at this price and that's the main reason why I am reluctantly returning to fiat :(