According to Marketwatch.com the USD is not just reaching 52 week lows, but 1 year lows!!
Now it seemed like at the beginning of last year we were seeing new highs in the stock market AND the dollar, however now the dollar does not seem to be following the same path as the current stock market.
Now I have been covering this in previous posts and it has only declined ever since!
The Dollar is close to a 52 week low!
One chart says so much about USD
Conclusion
Now to most of us here this is no surprise, and was no surprise when I first started talking about it last year in the earlier posts, however with Bitcoin taking a dive too..
We really are in uncharted waters, but hopefully the world is seeing the true value of Bitcoin, and will start noticing the really great and valuable projects like STEEM!
Either way the global economy is changing, and I feel it is for the better, and hopefully the rest of the world embraces this great technology instead of fighting it.
Let me know what you think in the comments, and thanks for checking this out!
Post - Vote - Earn 🤘 🤑
Disclaimer: I am not an investment adviser, and this is not investment advice. This is for entertainment purposes only!
the u.s. deficit is growing and it seem to be hurting the dollar, and the arrival of cryptos will weaken it even further
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Dollar going even lower, I think. With all 💵 coming back to US, because of petroyuan... and Trump giving low tax rates for corporations. The inflation will start pick up even more. Steem is holding up very well, but Steem dolars it taking a hit. I’m holding SBD until it reverses.
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Why not hold steem untill it reverses and then switch back to SBD 4 some extra gainz? Just bought at 0.8 ratio and now selling @ 1.1 when steem suprased SBD, so thats some nice SBD increase, and when it turns even more steem :))
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Yeah because SBD is not supposed to equal over $1.00
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True that :)
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Steem is now more expesive that Steem dollar. Usually you buy mor Steem with SBD.
That’s why I will hold SBD’s until it reverses.
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Check this out you will see what may be happening between STEEM and SBD..
https://steemit.com/steemdollar/@stealthtrader/the-steem-dollar-flippening-continues
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Yea, you nailed it. Not that I’m exchanging Steem to SBD. I’m just holding SBD from my rewards. If it’s stays 1/1 for a few days I will get Steem.
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Everything of value is down.
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