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RE: How I went from 5k to 110k in 5 months trading on Bittrex - WITH PROOF
I see that it's really good and congratulations for your huge success. I hope you keep succeeding in your life. I'm new this field of cryptocurrency and I really don't know what's gonna happen next, actually noone knows. But sbd rates have gone very down. Once 1sbd was equal to 0.00088 btc now it has fallen down to 0.0002. what do you think is the future of sbd?
que buena
Hello @randy06. I do not understand what you're trying to say.. can you please elaborate and tell me what you think about this? I would be highly delighted to hear you're thoughts upon this. Thank you in advance
SBD will always be lower compared to BTC... because BTC price is increasing in the long run (I believe $4000 is too low for BTC) while SBD will always stay the same.... now, STEEM on the other hand is different. depending on the community the price may soar very high or very low in the future.... If the community continued to use the system to its full potential (curating interesting posts and using SP wisely) then the price won't get bad.
Oh, I see. I never knew that STEEM prices depend upon the community and sbd prices depend upon the btc value. Now that I know it, can I ask you another question? I've heard that STEEM value is always higher than SBD. Is it true? And if yes then should we be investing more time into it?
I didn't mean SBD depends on the BTC.. it depends on the dollar... and it always costs $1 (rather: between somewhere $0.8 and $1.1)... so when the BTC price get higher SBD will worth less BTC all the time.
STEEM value isn't dependant on SBD.. it depends on the community... STEEM is designed in a way that the price will keep on rising (in the long term) the more people use this platform. If people used Power Up often and never use the Power Down (Changing Steem Power to STEEM) feature. and also if the community posts were ones worth reading....
Currently STEEM price is higher than SBD and I expect it to get higher maybe even reach 10 or 20 SBD in the next three years... But in theory it can also get very much lower. no one can know the future.
SBD price will fall as long price of BTC will go up. SBD is sticking to dollar price, which is good thing. If BTC will go trajectory as last 8 years, BSD will be worth less and less BTC, but still it will be worth a dollar. If you want to save some money, trade some portion of SBD to BTC along the time. You will diversify your portfolio of assets.
I truly agree that SBD prices will go down till the btc prices go up. But how is it good for us?
We as traders need to sell our sbd to btc at a price when btc is low and btc to dollars or any other Currency when the btc prices are high. This makes the entire process of conversion of sbd to
It's good for us because it means if by any reason BTC becomes worthless... the SBD won't get affected at all by that and will still worth the same $1 (a bit more or less).
It is good, as it means that more and more money are in crypto/BTC, which makes prices of all other coins go higher (overall).