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RE: STEEM Myths Vs Facts: What's Bullshit, What's Not?
This is not so much a myth but a question.
When steem spikes like in the picture is it better to be holding SBD or steem power? It seems to me that you would come out a lot better to have had a wallet full of SBD then exchanged them at the top of the spike because you would get a lot more steem power for every SBD you exchange right or am i backwards?
The spike is the SBD to Steem ration, it isnt the Steem price. Get it now?
so at the top of the spike you would have gotten around 7 steem / steem power for 1 SBD?
So if steem looks like it is going to spike again i should have SBD waiting to exchange for steem to power up?
No No No... what happened is that during that spike the SBD price was MUCH above the Steem price... that graph has nothing to do with steem price.
When the SBD to Steem ratio is high, buy.... this is when SBD is superior to Steem buy.
ok. thank you