If SBD is going to be pegged to the dollar again we absolutely NEED for the convert feature to be brought back to the platform. Otherwise SBD can easily crash below a dollar. The most interesting thing about SBD is that there is almost no risk to holding it if its really pegged to the dollar but there is a high chance that it will pump. In fact STEEM seems to follow SBD if SBD pumps. And its super easy to pump the shit out of sbd. I feel like if its possible to get sbd at around 1 dollar then its a really good deal.
It is not only booster, I feel the same with almost every big bot, what I´ve noticed is that if you bid more than 10 SBD you will receive a lot of upvotes.
Bots are profitable if we catch a boom in the market.
SBD gets bought back by steemit's internal market and burned. The more SBD's in circulation, the higher the downward pressure exerted on its value. I don't understand it well enough to explain it good... but I have read some good articles about it that I found helpful. I will try and find it and post it here. @burnpost is another movement working to lower SBD to it's $1 peg. I will attach a link to an article when I find a good one.
I remember that article being super helpful for me understanding how steem and SBD work as a unit. I never understood the "debt instrument" concept. It is pretty complicated. I hope it helped you too.
As a technical trader It is harder to identify patterns and trends of crypto currencies because we have less than 10 years of the historical data.
The volume is also a little bit trickier in determining the price point to the future direction. I have been used to trading options and it really did not matter whether the stock was going up or down. I just needed to choose a direction.
Thank you for the analysis @trevonjb. Still studying this new industry.
This user is on the @buildawhale blacklist for one or more of the following reasons:
Cool!...:)...
If SBD is going to be pegged to the dollar again we absolutely NEED for the convert feature to be brought back to the platform. Otherwise SBD can easily crash below a dollar. The most interesting thing about SBD is that there is almost no risk to holding it if its really pegged to the dollar but there is a high chance that it will pump. In fact STEEM seems to follow SBD if SBD pumps. And its super easy to pump the shit out of sbd. I feel like if its possible to get sbd at around 1 dollar then its a really good deal.
Thanks a ton for sharing - this is a great help ! Obviously I wasn'nt aware as a newbie
It is not only booster, I feel the same with almost every big bot, what I´ve noticed is that if you bid more than 10 SBD you will receive a lot of upvotes.
Bots are profitable if we catch a boom in the market.
SBD gets bought back by steemit's internal market and burned. The more SBD's in circulation, the higher the downward pressure exerted on its value. I don't understand it well enough to explain it good... but I have read some good articles about it that I found helpful. I will try and find it and post it here. @burnpost is another movement working to lower SBD to it's $1 peg. I will attach a link to an article when I find a good one.
https://steemit.com/steem/@buggedout/steem-dollar-will-fall-to-usd1-usd-here-s-why
Checking this out now
I remember that article being super helpful for me understanding how steem and SBD work as a unit. I never understood the "debt instrument" concept. It is pretty complicated. I hope it helped you too.
Football photowork for you
As a technical trader It is harder to identify patterns and trends of crypto currencies because we have less than 10 years of the historical data.
The volume is also a little bit trickier in determining the price point to the future direction. I have been used to trading options and it really did not matter whether the stock was going up or down. I just needed to choose a direction.
Thank you for the analysis @trevonjb. Still studying this new industry.
This post has received a 65.68 % upvote from @booster thanks to: @trevonjb.
Please Upvote➜https://steemit.com/christianity/@bible.com/verse-of-the-day-revelation-21-8-nivPlease Upvote➜https://steemit.com/christianity/@bible.com/verse-of-the-day-revelation-21-8-niv