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RE: Never Hold on to SBD! They Are Being Devalued At 583.8% Annually (48.65% Per Month).

in #steemit7 years ago

Hi @sunlit7

I would suggest you follow people that does a lot of research on the subject. @vimukthi and @xsid and @jetblake gives some good information.

I don't hold on to SBD anymore and convert it all to Steem or Steem Power. I am not sure whether in the future it would be better to hold on to SBD but the inflation on SBD at the moment is incredibly high. On a weekly basis it is more than 10%. If the market capitalization stays the same and circulation supply is increased at the same rate as in the past months your SBDs will devalue at a rate of 11.2% a week.

1 - Weekly Increase.png

But it is like @vimukthi says. There is not a lot of SBD coins in circulation and a small influx into the Steemit market may lead to a considerable increase in the value of SBD. It is however a decision you have to make because you are gambling on the possibility of the Steemit platform exploding whilst your SBDs are devaluing at a very high rate.

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Thanks for recommending @xsid and @jetblake They have some really good posts.

Indeed @vimukthi, as do yourself. If you have more people we can follow for good advice on crypto currency please let us know. You have been here a while longer than us and seem to know your way around.

I get my crypto news from all over the place. @haejin @ew-and-patterns @freeforever Are pretty much exclusively posting Technical Analysis mainly on cryptos. Personally I see TA as a form of advanced pattern recognition. Different people have different interpretations. Follow them for a while and make up your own mind.