Steem Dollars price falling rapidly

in steemit •  7 years ago 

Oh well it's probably the end of our good times.. gone are the day when we could exchange 1SBD for 6 Steem...

20171224_171228.png

This is a screenshot of blocktrades.us

the rate is low and as it appears it will seem to go lower...

With this will end the crazy demand of delegation because we won't have much steem to offer in exchange for the delegated steem..

"The so called rape of reward pool" will now be monopolized by real whales with real SP..

And minnows will probably shift from buying rented SP to buying votes from voting bots..

20171224_172652.png

And this is a screenshot of all the coins I follow.. it appears another bad day for all coin lovers as things are going total red once again just like Friday..

For now I question about the so called decentralization because these reds are happening because of some big crypto whale or a group of big whales who are behind this.. so I will do a research later..

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looks like it goes down with btc lets see till how much time it can stay at that everything in sbd above $1 is a bonus right now :)

well it's a pain for people like me who hodl sbd thinking we will convert it to steem when value gets 1:6 and now it's 1:less than 3 😢

i always knew it was made to be always near a dollar i never hold its just for few more day i guess but i would love to be wrong this time

oh well.. with time things change and started moving in a new direction than they were originally meant to be.. we can all agree SBD was originally meant to be $1 but it went up and we sold a lot of SBD for more than $10.. now tell me about those who bought it for that much.. if it falls then they have no choice but to shut down their exchange business right?

if anyone is in crypto or even in trade market profit and loss is a simple thing and it will eventually happen later or today

Still in the safe zone.. Too early.. Nice insight!

for investors I won't be so sure if it's still safe or not at this moment..

For miners of bitcoin/eth it's still a good time..

For developers it's a busy time..

And for exchanges it's a shitty time.. their websites are like online and offline every now and then.. I wonder what will the exchanges will do with all those SBD they purchased at $15

The best you can invest here is your brains and time.. If at all it makes sense

isn't it because my time and brain are invested and that's why I reached level 54

Am not saying you aint using them.. Thats awesome and good of you! Congrats!

Your words sounds like sarcasm 😑

oh no !!!!