Ok, you might think Im crazy, but honestly, I want Steem Dollar to fall down to 1 USD quickly so we can stop worrying about more potential downside. It is better to get it overwith than a long dreadful wait.
Anyways, here is the current weekly chart for Steem Dollars:
Comment: Right now Steem Dollar is down 19% and is trading around $1.54. It will likely go down to $1.00 or so and then we could start focusing on the upside again.
Steem Dollar is pegged to the US dollar but only to the downside if I have understood it correctly, so if the market says that Steem Dollar should be worth $18 that will happen and there are only 10 790 675 SBD in circulation so the demand should be big in the future.
Happy Steeming!
Good post, I follow you, I hope it is useful for me and for you.
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Nice post @freeforever
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Steem at $1.00 would be a great buy long term.
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I believe that steem dollars are about to hit the second up-phase of the market cycle.
It was why i discouraged the pegging to the dollar that we were discussing a bit ago. I said to wait, at least, until the whole market cycle played out.
But really, time will only tell on this one.
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