BTC is currently going down -13% and the whole market is bleeding again.
This brings us two options
HODL and ride through the correction as it's expected that price will go up again in a day or two.
Or temporarily hide in Tether as it always stays at around 1$ and doesn't seem to mind BTC downtrend and try to buy more steem in the lowest point of the dip.
Last correction I did nothing and rode through it like it was nothing. But this time I'm going to test the second option and hide in Tether. Currently if I exchanged the SBD for STEEM I would get 2.8 STEEM per SBD and for my 12 SBD would get 34 STEEM.
Let's see if I can get more out of it by hiding in tether than I would get by selling through our internal market.
- Is this a good move and will I be able to make some profits?
- How long will this correction last?
- How low will Steem/SBD go this time?
I have been in alts which have softened the fall of BTC.
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Which alts are you referring to? I think this is just a quick sucker punch for Christmas as people spend their gains on BTC or fud over the correction. Either way your portfolio will go back up soon don't you think?
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people are buying short term gift happiness (or lambos lol) -- i'd say hold it out, don't spend money on this stuff you don't have, put in to ALT's you USE and LIKE and wait it out. you have to be super sharp to get the quick wins in this space. it's more volatile than the volcano in joe and the volcano! if you've not seen it. watch that film over christmas. funny film.
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Yeah, that's exactly what I was thinking about. It's that or the fudders and new traders that bought at 17-18k. Anyway, we are going straight back up soon IMHO. I also have a lot of faith for steemit and concentrate most of my earnings to SP but with this opportunity of SBD being so high I'm actually going for a couple of alts to try and take some short to mid term profits. But again will return to SP with the earnings :)
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HODL of course, this has happened since the beginning, and will be like this for a while in the future, HODL, HODL, HODL...
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Agree with u buddy. I think its best to convert SBDs to steem and get 3 times steem . I am doing so with each post payout and powering up :-) . Get well soon buddy. Regards Nainaz.
#thealliance
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Yep, that's the best long term goal. I knew from day one that steemit is going to be big in a couple of years and told myself that I will never sell any of my SP and only stack as much as I can. And I have finally got a chance to do so with the opportunity SBD has to offer currently.
Thanks for the good wishes.
Happy holidays!
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wait wait wait. let it reach again at 19k then sell it
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I don't hold any BTC :)
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people are buying things now with bitcoin
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Bitcoin is Unstopable , Bitcoin is a new Diamon , Merry Christmas @runicar
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Banksters already stopped it with 10-30$ transaction fees BTC is no longer a cryptocurrency for trading but rather a store of value like gold.
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One month from now -- 25k
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Might be, we just have to ride through this correction first. I actually stated 20k by NYE in my last post. Time will tell.
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Your spammy comment is disgusting as it's clearly visible that you didn't read a word of my post.
Accept my flag of honor!
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You are making no sense and are only hurting yourself..
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lol
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