I've seen already the comments, the anger, the confusion, the fear. Specially those who just got here, who got told they were going to be rich. All they had to do was post their memes, it was all going to work out, the plan was fail proof!!!! "WHAT IS HAPPENING?" - They scream, they tag the witnesses, as they hit the enter key with anger.

As much as this might be making your dinner taste like a kick in the gut, SBDs are doing exactly what they were supposed to do. Yes, you read that right. The idea of the currency is that it would work as an asset equivalent to $1 USD. Simply put, Steemit's not so effective version of Tether.

At this point in time the reasons why it has pumped for so long are still an enigma. I honestly don't care what any Technical Analyst says on this subject or in what wave we are cruising. Cryptocurrency markets are the furthest thing from rational and attempting to analyse them as such, is as effective as using tweezers to move sand.

The right play

Is completely up to you, nobody can tell you what is going to happen. You might as well buy yourself a magic eight ball if you can't gut the responsibility of a decision. But, it seems to me that SBD's are doing exactly what the everyone expected.

I often recommended anyone who would ask me to constantly be converting your SBD's to Steem. The idea is that Steem is a better play than SBD's having a higher marketcap, more of it locked up (not liquid, ready to sell), thus making it harder to depreciate as fast.

Some listened, some did not, but I hope no one is beating themselves over this, because this is just one of those life lessons. That being said, you could wait and see what happens. Truth be told another market could jump in and start pumping SBD's all over again. It happened before, it happened just now, so the possibility of it happening again is not far fetched, not in the slightest.

Now... When will the new pump happen? Nobody knows, do not be fooled, do not make plans around the idea that tomorrow Korea is going to pull a superman and save Lois Lane from the fall. I happen to think Korea is probably done getting their ankles broken catching these falling knives.

Everytime we had an SBD pump, it was met by massive sale walls from Steem Whales, thus the rally could never hold. They might have learned their lesson, they might have had enough, and I would not blame them.

The key thing here my friends, don't panic, if you are feeling to emotional about this, stay away from your computer for a day or two. I'm being serious about this. If you are about to sell because you are freaking out, in full panic mode, I can promise you will regret it.

Be smart, take a breath, and trade safe....