I remember making this post 2 years ago when SBD hit $14.00 and it seemed like nobody knew what the heck was going on..
https://steemit.com/steemdollar/@stealthtrader/is-there-a-flippening-for-steem-dollars-and-steem
Like you said we have been telling everyone, but nobody wanted to listen..
The SBD run was likely people who had no idea what SBD actually did, just decided to pump it. I wonder how many got heavily burned.
This is sad because If they would’ve understood how it worked we might have seen STEEM go to $14.00 instead of SBD..
And we would have had SBD as a hedge to take some wins off the table. I don't want to withdraw to fiat and get destroyed by the taxman.
Yep.
I think it was SBD because of low supply and as the price raised, people converted for Steem, increasing scarcity.
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