I think it's a great compromise. It's basically selling SBD and reinvesting it into crypto, in this case STEEM. I myself put it into Bitcoin for now, because I have too little of it in my portfolio currently, and I think it will continue to go up. STEEM may be pumped by the high SBD price though, so I am not so sure if the high price will remain if SBD doesn't stay this high. Which would indicate it could drop cheaper, and if Bitcoin goes higher, who knows how much more STEEM that could be. But it's all a gamble, obviously... @haejin says STEEM will go to $4.
All I know is that I am 95% in altcoins, and it's been terrible this current Bitcoin bullrun, so I am feeling the Bitcoin fomo and am glad to increase my stack in that (I suppose this is an indicator that the top has been reached and we'll be bearish from now on... Murphy's Law)
@haejin has BTC going to $25K so we both better hope he is right all around. LOL
Yeah @pandorasbox when I realized that the premium on SBD was 11 times the norm, too good to pass up.....I will monitor over the next few days and if SBD/STEEM ratio stays where it is, I will continue.
Since I have no idea if this pump was the prelude to a dump or someone actually doing something for a longer term (like you said, know something we dont) I am kind of swimming in no man's land.
So when you said take profits, framed like that, I am cashing in on some of the gift that is in front of me.