I would suggest you follow people that does a lot of research on the subject. @vimukthi and @xsid and @jetblake gives some good information.
I don't hold on to SBD anymore and convert it all to Steem or Steem Power. I am not sure whether in the future it would be better to hold on to SBD but the inflation on SBD at the moment is incredibly high. On a weekly basis it is more than 10%. If the market capitalization stays the same and circulation supply is increased at the same rate as in the past months your SBDs will devalue at a rate of 11.2% a week.
But it is like @vimukthi says. There is not a lot of SBD coins in circulation and a small influx into the Steemit market may lead to a considerable increase in the value of SBD. It is however a decision you have to make because you are gambling on the possibility of the Steemit platform exploding whilst your SBDs are devaluing at a very high rate.
Indeed @vimukthi, as do yourself. If you have more people we can follow for good advice on crypto currency please let us know. You have been here a while longer than us and seem to know your way around.
I get my crypto news from all over the place. @haejin@ew-and-patterns@freeforever Are pretty much exclusively posting Technical Analysis mainly on cryptos. Personally I see TA as a form of advanced pattern recognition. Different people have different interpretations. Follow them for a while and make up your own mind.
Bull Market = Prices go up
Bear Market = Prices go down
It's a phase that every coin goes through ,it that phase it's preparing to launch to greater hights .
So it's better to hold onto it....not that what I have amounts to a hill of beans, still it's all a learning curve to try and understand.
Hi @sunlit7
I would suggest you follow people that does a lot of research on the subject. @vimukthi and @xsid and @jetblake gives some good information.
I don't hold on to SBD anymore and convert it all to Steem or Steem Power. I am not sure whether in the future it would be better to hold on to SBD but the inflation on SBD at the moment is incredibly high. On a weekly basis it is more than 10%. If the market capitalization stays the same and circulation supply is increased at the same rate as in the past months your SBDs will devalue at a rate of 11.2% a week.
But it is like @vimukthi says. There is not a lot of SBD coins in circulation and a small influx into the Steemit market may lead to a considerable increase in the value of SBD. It is however a decision you have to make because you are gambling on the possibility of the Steemit platform exploding whilst your SBDs are devaluing at a very high rate.
Thanks for recommending @xsid and @jetblake They have some really good posts.
Indeed @vimukthi, as do yourself. If you have more people we can follow for good advice on crypto currency please let us know. You have been here a while longer than us and seem to know your way around.
I get my crypto news from all over the place. @haejin @ew-and-patterns @freeforever Are pretty much exclusively posting Technical Analysis mainly on cryptos. Personally I see TA as a form of advanced pattern recognition. Different people have different interpretations. Follow them for a while and make up your own mind.