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RE: Unsure what to do about SBD decline? BUY STEEM & POWER UP!

in #steemit6 years ago

To be honest, SBD was designed to be at least 1 US $. But only this 1 US$ is guaranteed by the system. If you don't sell SBD when it is at 10$ or 5$ or any other value higher then 1 US $ you are speculating that there are more people that don't understand the basics of SBD system. This is a risk you should be aware. But the more people understand the system and how it is designed the more the rate will always go back to what is guaranteed. Thats only 1$.

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then that's an argument for SELL IT ALL RIGHT NOW ASAP

I 100% agree! Would be very foolish to hold on to at such high prices.

I would not say. It is a bet. If you think that more people without a clue about SBD will buy it because they think it will work the same was as bitcoin you should keep it. If you think the opposite you should sell. I would at least not buy it until it is around 1$ again :)

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