BTC is currently going down -13% and the whole market is bleeding again.
This brings us two options
HODL and ride through the correction as it's expected that price will go up again in a day or two.
Or temporarily hide in Tether as it always stays at around 1$ and doesn't seem to mind BTC downtrend and try to buy more steem in the lowest point of the dip.
Last correction I did nothing and rode through it like it was nothing. But this time I'm going to test the second option and hide in Tether. Currently if I exchanged the SBD for STEEM I would get 2.8 STEEM per SBD and for my 12 SBD would get 34 STEEM.
Let's see if I can get more out of it by hiding in tether than I would get by selling through our internal market.
- Is this a good move and will I be able to make some profits?
- How long will this correction last?
- How low will Steem/SBD go this time?