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RE: Why I sold my STEEM Dollars last night

in #trading8 years ago

I started this exploration with an amount of bitcoin I was willing to risk. I then played the market just a bit to ensure the round-robin cycle to Bittex made sense to me. I was trying to decide what to do last night as well and ended up buying Steem on the internal market and powering up. The price may have been a bit high as far as Steem goes, but I liked the idea of keeping it in the Steem economy instead of pushing it back out to BTC. That said, if I had just held SBD until the price came back down and bought then, I would have had the added benefit of interest on my SBD and a better price for STEEM. Then again, by waiting I'm missing out on increasing my VESTS to take a larger portion of the new Steem being given out. It's funny how either direction can be argued if you want to stay within the Steem ecosystem.

I just hope no-one gets burned.

I'm worried about this also. Especially for my friends who may want to invest.

Coin Marketplace

STEEM 0.16
TRX 0.13
JST 0.027
BTC 59231.42
ETH 2599.06
USDT 1.00
SBD 2.45