If you keep holding your SBD in your Steemit wallet it becomes dependent on the Steemit market.
It is actually common sense, however, people that I told that were surprised so I thought I might create a short post about it so you guys know it too.
Imagine you have 1000 SBD in your wallet and the current market price was 10 USD for 1 SBD.
There are good news about Steemit and everyone is optimistic so you keep holding it hoping that the price will jump to 15 USD for 1 SBD in 1 week.
But the exact opposite happens or nothing happens. You are playing a risky game.
You are riding the waves, the carousel and your Steem Dollars are about to get unconscious because they are tired of the instability so what can you do?
My Advice & Current Plan
I highly recommend you guys to cash out your Steem Dollars at a high market price.
For me that high market price is 10 USD for 1 SBD, till that happens I will hold my damn Steem dollars.
When the price reaches 10 USD for 1 SBD I will cash out getting something like 10000 USD out of it which will then be in my bank account.
Cash is not a victim of the cryptocurrency market insanity and it will not lose value.
One could say that the current market situation is optimistic and I agree, but we were over 10 USD 2-3 times before and it will happen again.
I can say that with 100% confidence because Steemit is a self-running system.
The people here on Steemit love making money with their content and it is the blogging system of the future happening right fucking now.
All bloggers, Youtubers and social media addicts will come here to make cash and many famous and not famous people have already come here.
It is a matter of time till 1 SBD or 1 Steem is worth 100 USD. I say that 1 Steem Dollar or 1 Steem will be worth 100 USD by the end of that year.
So my friends, cash our your stacks of SBD at a high price so that it doesn't lose value. Should the market go down you can reinvest that money to buy more. Should the market value rise again you have lost nothing either because you cashed out at an already high price.
Whatever the situation is, you will win. So don't hodl too long and strike at the right opportunity.
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