As you might have noticed steem is down to 1.50$ comming from 2$ yesterday.
On the other hand the steem dollar came from around 1.60$ yesterday to 2.40$ at the moment of writing.
Al crypto's are down because of ethereum and bitcoin, so that explains alot why steem is going down, but I am not sure why
steem dollar is going up. My tought is that because it is ment to be a more stable currency and people might dicide to invest their money from other crypto's into steem dollars.
I can be wrong but that is what i would consider to do. Any toughts on this?
Anyhow, prepare yourselfs to buy steem at lower price to power up. Also do not panic. Panic makes you lose money.
If you invest do it for long term. Steem has a great future ahead.
Steem on!
upvote, resteem and follow for more!