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RE: A SBD-USD Hard Peg? At What Cost?
Yeah, and since I was tracking it against BTC, I was waiting for it to go lower first. Waiting to buy something that never came, and thinking it was only going to be a short term arb back to parity with the USD, or a little better as history had suggested (on the other hand, it would have been a monster trade in BTC terms, a really nice crypto hedge). Now we know it's much more than that, of course. Oh well. Can't be on the spot all the time.
@cryptographic,
But your analysis are pretty excellent than others! I feel ashamed, coz I sold 1200 SBD to a local only for 1 SBD = 1 USD :/
After that I could read your posts about STEEM (Few weeks back), then decided to not to be a panic anymore! But I already lost a nice profit due to my lack of knowledge :/
How great you analyze the markets, it's not only chart analysis, it also a fundamental analysis too! Keep it up friend!
Cheers~
Glad to know that! And don't be too hard on yourself - it's happened to the best of us. Look no further than yours truly for the most recent example!