RE: Why I sold my STEEM Dollars last night
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.