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RE: Rambling Thoughts on Steem Stuff

in #steem6 years ago

Thank you for finally helping me to understand at least part of why people buy SBD on exchanges. Honestly, I never got it. You can always use STEEM for anything you'd buy with SBD, and the value until recently has always seemed over priced for the stated goal of $1. But since there are mechanisms to automatically bring it back to $1 under most circumstances, and there is that upside potential, right now it does present a decent investment. However, since you can't power it up to use it to further benefit you on the platform, I'm still buying STEEM right now. And I am actively buying STEEM right now. We'll see later if it was a good idea.

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However, since you can't power it up to use it to further benefit you on the platform, I'm still buying STEEM right now.

Yes, this is absolutely right. I wouldn't call my SBD purchase an investment, it's just a short term trade. Short term trades are not something I often do but I just felt there was a good opportunity here. Overall my money is on STEEM, literally!