The Mysterious SUDAL (Steem Backed Dollars) Coin Pumped A Few Hours Ago
Steem Dollar Coin had pumped once again and it did also that last December 1st reaching a little more than .00024 BTC per "Sudal" as our Korean friends call it :D
Now it had pumped again last night and reached the pinnacle price point of almost .00020 in Bittrex.
I did have some sell order at around .000145 and I was thinking that it might reach that price but I was wrong again because it surpassed that price point once again because it just reached the price of about $4.4 per #Sudal (Steem Dollars) which is I really do not expect to happen.
Now I am very hopeful that Sudal will even go to greater heights of price especially that we are in the #Bitcoin Bull market which fortunately will make most #Altcoins including #Sudal go to ten to twenty times or even more.
The price of Steem Dollars is erratic in a way that it had gotten to be a viable cryptocurrency to speculate upon simply because of its history.
That is why you can double your money so fast if buy in from the lows at these times and sell it for profit with a market order of "limit" or "Stops". Most of cryptocurrency prices are because of just speculation but Sudal in these instances really in my opinion is a good pick because for one thing SBD has a community backing and your money will never go to zero anyways based on this crypto's history with its price movement.
Should I sell my sudal or just keep them?
Perhaps the price of Steem in dollars stays the same and less and less bitcoin value. I don't know what to do, @cryptopie. really.
As the price of bitcoin goes up, we get less satoshi's for it. Will it EVER go up? Did you see the value of Hive? It's barely 500 satoshi, which Steem is 850 satoshi.
I also do not know what to do and what price I should sell my SBDs @gungho but I am just speculating that it will reach 18 dollars or more :)
I do not know with hive it has a lot of sell pressure than Steem but at least steem is not plunging down.
The problem with steem BTW is not much curators in here as almost all big players had delegated to upvu and gotogether.
But at least we have some skin in this platform game. You can sell your Sudal for more and I guess it is still okay for the mid and long-term or even maybe it could spike in the coming weeks, these cryptos are crazy.
Thank you for your valuable reply @cryptopie.
Now that you've said that about the sudals, perhaps I should keep them for longer term purposes.
Good luck to us in the future!