You are viewing a single comment's thread from:
RE: So Much Dumb Money! (Burn SBD for Steem)
Burning SBD is a good idea for the entire ecosystem.
We have reached our 10% cap for Steem vs SBD
and so, we can then start earning SBD again.
I am skeptical about the price of STEEM staying in the sweet range for this transaction. The wait, and the price swings possible therein, makes this a bit of a gamble.
With SBD at 60 cents I feel like it's not much of a gamble at all. Steem would have to spike up like 40% (average) to break even on the gamble. Steem isn't going to spike up because too many accounts are dumping coins.
We'll see, I'm usually wrong :D