Cool cool. I think I got it. So if you bought a bunch for SBD on poloniex, you could transfer it too steemit. Then convert to Steem for max gains...
Dude! The market is freakin crazy right now.. How are you handling it all? Hopefully well.
I am just going to keep making content everyday. Hopefully it will boost back up and my earnings from the post will double or triple ...
SHould be interesting to see what happens.
Do you think prices will raise before or after the august update? It is hard to say .
Yes, exactly (although currently you'd need to use bittrex as poloniex still hasnt figured out how to get deposits/withdrawals working again)! I.e., if the price ever falls too far below $1 on either external markets or the internal market, then arbitragers should take opportunity of this and buy up cheap SBD, and just use steemit's 'convert to STEEM' function to convert at roughly $1. And, this should have effect of keeping these markets not too far away from valuing SBD at roughly at least $1 :)
As for how I am personally handing it. Well steem power is part of my long term holdings and as it's locked up, I couldnt sell anyway even if I wanted to...but in fact I added a bit more to my position to take advantage of the cheap prices! Regarding trading: lost a lot trying to catch the bottom of the market (which was stupid trading); but so far made some profit today (incl. getting back those loses) - as we did eventually find a bottom and hit a nice bounce from it!
August 1st: just a guess but don't think it will be that relevant really, other than short term volatility. I have a suspicion segwit will still get adopted via a segwit2x - but if it doesn't, I think we could still see just one main chain after Aug 1st. But this could be wrong, and we could get a complete mess instead! :/