I wrote a blog post about this yesterday. Thought I'd share a video version. Enjoy!
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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My video is at DLive
I was listening to @lukestokes talk, few weeks ago. He mentioned that even though they have the mechanism for lower threshold of the SBD to dollar peg in place since its inception but the upper threshold was never introduced and once the upper threshold of the peg was broken they have been waiting for it to come back to the dollar price and if it does they might be introducing that upper threshold in place.
Whatever happens the purchase of SBD at one dollar is a n deal that essentially carries no loss. If the price goes up it's a win -win and price simply cannot go down. Even if it goes down we can always redeem the SBD token for one dollar of steem.
So it really is a good decision since there is essentially no downside of buying the SBD at this price.
Unless the ratio gets to 10%... then there's a haircut.
You're making a lot of sense. The technicals are pointing towards somewhat lower prices of the crypto market in general at the moment.
In November, after Bitcoin had already rallied for quite some time, it would've been a fantastic idea to park some of those profits in SBD only to wake up to the fact that SBD had exploded tenfold in value. :D
I was watching the conversation of some friends about that, it really is a good idea because losing money is almost impossible because the SBD is planned to be worth $ 1 and if you go to the moon you will earn a tremendous amount.
Pretty smart.
Insightful as ever @louisthomasl; I agreed with your write-up yesterday and it's always interesting to hear you articulate yourself in video. Thanks for all your original content.
I’m thinking about buying more at these levels. My last purchase was at 1.65 which I thought was a steal.
Buy Low Sell High!
It's been a while since you've told us of any new trades. I recently bought some more STEEM, but it's already dropped about 20 percent since then. I wish I knew that STEEM had a floor which it won't drop through. I'm really bullish about the STEEM project, but the user data for steemit.com has been really bad recently. Hopefully things will get better during the next phase of crypto adoption.
If you look at it from reward/risk ratio, it 💯% makes sense to buy SBD. As you said, SBD price should be at $1.00. However, for whatever reason it fluctuates, and at some point it does fluctuate a lot. I just looked at the longer therm price chart and the lowest it has been was at $0.84. That’s not that bad. The adds are one day it will go Up again. Very well bought at $1.02. 👍!
Steem is at the 0.786 retracement and a support-level, so I thought about the same with purchasing. You think it´s more save to buy some SBD than Steem (and use it on the platform to power up or push with a bot). I´ve never seen SBD as a "stable coin" or save haven and it´s a tough consideration with the BTC situation in the backround.
Like it's name "Steem Dollars" is made to worth around 1$ so technically if you buy right now you won't lose money because it's almost impossible that it could go more down than that.. so I think buying SBD it's a way to keep safe our money until the market recovers again. I didn't thought on that before.
Buy me some!
I agree with your statements. I shall buy more SBD now. Just bought STEEM and Powered up as well. Crypto on SALE!
Upvoted, Followed and a small Gift sent to you @louisthomas!
Really this is the time of purchase
I'll buy Steam
Video great and wonderful published well
That's actually a brilliant idea.... I would much rather purchase SBD over something like Tether...
@louisthomas Awesome ! Thanks for sharing your opinions
Friend u have invested at a right place in steem and u will be the gainer in the future as steemit community is growing day by day & they will also buy/sell steem.in this way steem will be go to about @$15 at end of dec.2018
Nice video. I leant slot from there
good post my friend!
Pretty smart move!
I remember selling sbd at $15 +
If the value of SBD goes further down, what do you say that how can we still redeem the SBD at $1.
I still think that this is the best time to invest.
We need SBD pump :) Asap.
I share your opinion on that and I've bought some SBD myself.
I've invited the German-speaking community to do so as well.