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RE: Let's Talk—How I'm Making The Most of My SBDs In a Crashing Market!
Let's face it: the SBD pump wasn't going to last forever. All of us got to acquire more Steem due to the elevated SBD rates, so everyone on the platform benefited from the higher prices one way or another.
However, the problem will be if SBD goes under a $1 and stays there.
If it goes under $1 then it will be time to use the "convert to Steem function" (currently disabled in the Steemit wallet).
The ride was fun though. 10 Steem for 1 SBD at a certain point.
Unfortunately, a lot of people are being forced to HODL, watching their 'earnings' bleed out, with exchanges 'conveniently' having 'maintenance' issues, while inviting new users to sign up. If you research, a lot of exchanges accepting STEEM have brought this crypto down for 'maintenance'. Smh...Anything 'earned' is monopoly money for many who are new to crypto; aka, planktons/minnows.
Those with the most experience fared better. In retrospect, it would have been smarter to Power Up some, and diversify some. Simply powering up, getting caught in this 'event' has taught me a valuable lesson. And, that's why I'm here...to learn. Of course, I knew better than to put all eggs in ONE basket (lol). So far, this lesson has cost me about $1K and counting. It's one thing to lose because of a 'bad' investment; and, a whole other to know you're locked in, forced to watch your 'earnings' leak air like the slow leak on a bad tire.
Best regards!
Peace.