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RE: Look at that, it's almost back to $1 USD

in #steem6 years ago

Actually very good investment advice in general. Buy low, sell high. Most people however suffer from FOMO, and do the opposite, which is what makes markets profitable for them as stick to the program.

SBD is a thin market, which makes it relatively inexpensive to pump. A lot of folks forget the latter half of the pump is the dump. That's the purpose of the pump, to make the dump profitable.

Simple, but not easy to gut out, as you point out.

Thanks!

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Everything was dandy for SBD until Upbit got raided like I kept saying it would, lol. It remains to be seen but it looks like Huobi doesn't have the same appetite for pumping shit like SBD.

@charitybot does bring up a very good point... Upbit got raided... they are not coming back