SBD is crashing like I predicted in my last post. People seem to have lost faith in SBD which is good. Because I will likely be able to buy 3-5SBD for 1 STEEM. Even 14 SBD for 1 STEEM seems possible now.
The internal market volume of people who want to sell STEEM for SBD is decreasing rapidly. I have never seen anthing like it.
If you had 11000 SBD to sell right now (which is a ridiculously low for amount for our entire internal market; sometimes we saw that kind of volume in 20 minutes...) You could push the exchange rate to 14 SBD for 1 STEEM. A single person could do that with 11000 SBD...
This pic basically means no one wants to sell STEEM for SBD anymore and people are dumping their SBD for STEEM at a rapid pace even if the exchange rate is very bad right now...
Here is how I predicted the SBD crash to 1.17$.
By the way I am not talking about an actual prize difference of 14x. But the internal volume is so low, that even if the prize difference is only 2x, 14 SBD per STEEM seems easily possible on the internal market.
Maybe you can imagine now who is selling STEEM between 10x and 30x ;-)
Don't share this post, because I literally want more people panic selling their SBD right now. If you are reading this and want to sell 11000 SBD right now, do it and contact me. I will send you a huge tip...
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
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