How has this bear market treated you, Steemians? Did you manage to get some good trades in? Did you trust Tether? Do you dislike SBD because it couldn't remain its peg?
Of course, I haven't liked the bear market. But fortunately, I haven't had to cash in a single cent. If I'd had money to spare, I would've bought more.
There was quite a lot of FUD concerning Tether in December so I did not dare use it to lock in profits. SBD was out of the question because it had rallied around that time. Partial profit taking in November before SBD rallied by buying SBD would've resulted in some spectacular gains, though. LOL
I think the reason why SBD broke the peg was because it was introduced on external exchanges. It was useful before it became a speculative football. Now I don't know exactly what to think of it. The printing of SBD stops when the SBD-STEEM debt ratio exceeds 5% and the one SBD to one-USD-worth-of-STEEM internal exchange mechanism will stop working at a debt ratio of 10%. If SBD were to be de-listed on external exchanges, it just might be useful as a reasonably stable coin for merchant use again but I'm afraid the genie is out of the bottle already.