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RE: SBD - ATH at $3.82 - Followed the big UP of the STEEM
We had a massive buy of SBD, this is why we are so far from 1$ now but I think we will be back soon to 1$ as all the owners of SBD will enjoy to cash out.
Regarding the STEEM, this is the same but I hope it is not just a pump and dump and that the break out will continue.
Still see no reason for someone to buy SBD. Why not buy STEEM ? yesterday they both were the same ~$0.95. Both tradable and SBD can not be poweredup directly has to go into steem anyway before the power-up.
Mystery
I've followed SBD for quite some time now, and it experiences P&D just like the rest of crypto (with the exception of USDT and BitUSD, both of which are basically P&D immune). What's the explanation? The only explanation I have - and this is not based solely on the fact that it too pumps beyond belief, but also on what I see and hear traders talking about and doing - is that the vast majority of crypto traders don't have the slightest clue as to what SBD is! They think it's just another shitcoin that periodically moons! It's incredible the general ignorance on the part of the majority of the so called crypto trading experts. And it doesn't stop there. Most don't even have the faintest idea about what risk management is - just look at how often you see them talking about "HODL" and "their bags". They're just extremely lucky that they're involved in an unprecedented bull market and that they get bailed out by periodic bull runs, otherwise they'd already have gone broke. To summarize, the answer to your mystery is: complete idiocy!