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RE: It's Dolphin #541,753

in #steemit6 years ago

Well, thank you, @practicalthought.

I have a little more to go in case the price drops below 25¢, but otherwise, that's all I'm doing for now. I generally see the price at multiple times during the day, mainly to see if it's hit my trigger levels yet, or, hopefully, to see the start of the bull run.

re: tied to Bitcoin

Well, right now the SBD debt ratio is up and flirting with 10%, which probably isn't helping things. Before the hard fork change, we hit a stop measure at 5%, but that got removed. So now, SBDs are still printing until we hit 10%. As the price of STEEM drives down, the higher the debt ratio goes, even if folks are converting SBD to STEEM. So, that might not be helping, but I'm not an expert in any of this, and from what I can tell, there's never been any rhyme or reason to any of this stuff.