Sbd wont go below .85?
RE: State of the Market - #5 MARKET IN DENIAL
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State of the Market - #5 MARKET IN DENIAL
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Maybe I'm wrong but I think the price of SBD is a good indicator of whether or not the crypto markets are overbought or oversold. I wish you could store Tether on a hardware wallet. I would not feel comfortable keeping everything on Bittrex in Tether. They own the private keys to those funds and they could get hacked. I still think the absolute safest thing to do is buy actual physical bullion with BTC. If I was looking for a crypto to crypto safe haven I think SBD is probably the route I would take. If nothing else you might be able to buy Steem at a discount if you bought SBD under a dollar.
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It can go below .85 cents, but SBD is fully decentralized, and when the market is done tanking, people are going to get paid % gains to convert SBD into STEEM. If there is any sort of Steem rally in the future, that's really what is needed to keep SBD back to $1 and above. So with SBD, I'm long-term confident to see it trading at or above $1, even if there are blips way down below that, it should recover every time.
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