Upbit might axe STEEM Dollars and it is a game changer for Steemit users

Source - @cryptopie

Source - @cryptopie

Source - @cryptopie

Source - @cryptopie

Source - @cryptopie

There are only two exchanges that we can trade STEEM Dollars from aside from the internal STEEM market and those are Upbit and the other one was HTX. Most of the volume for trading SBD is in Upbit with almost 600 Million Dollars while in HTX. not only the volume is very low with 209K Dollars per day or at the moment off this writing but the value of SBD there is a little more than half compared to the price of SBD in Upbit which is about $3.45 while at HTX is is only $1.61. But I can't make sense out of the price difference between the two exchanges even with low volume in HTX, the price should be the same but apparently it is not.

Then the printing of SBD became erratic especially when the price of STEEM goes under the supposed price of about 28 cents per STEEM given the former market price condition of SBD before which is more than 4 dollars or so. But I am not sure if this SBD will ever print or not or if its price will be stuck in lower levels because apparently a sort of flag was raised by Upbit against SBD citing that it is something to be cautioned about because of its raised policies and now will be at risk of getting delisted from that Korean exchange.

Well that sucks because we cannot anymore enjoy the "Kimchi premium" on SBD if that happens considering that 99.96 of SBD is being traded there at Upbit and by comparison, HTX only gets.04% of the SBD market share plus SBD is a lot cheaper in HTX with almost no volume so you can't simply trade your SBD easily otherwise you also have to contend with a cheaper price in HTX for an unknown reason. In the internal market of STEEM, the price of SBD is also cheap and we cannot get as much STEEM tokens from it unlike in the former times because you will have to spend 0.186 or so of your SBD for one STEEM token at the time of this writing with their prices. So personally it is a dilemmas now for me to trade my earned SBD for STEEM or USDT if I will trade it in HTX or hold it and wait for a "better" abnormally normal price but lose in value if STEEM again goes back to depressive levels of 18 cents for another three years following another supposed bear market of Bitcoin, so it is now complicated at least for me thanks to Upbit.

I told myself before that I will just be contented when SBD will print and trade it to get STEEM and live with it, but since this issue had popped-out from Upbit against SBD and might affect SBD's offering of "unique earning" for SBD earners and traders, I might again change my game and trade STEEM to gain more STEEM with its relative ups and downs with its prices in the process which is actually far more faster to gain more of the token if you will go to that route in building your account considering that I have a sizeable amount of the token and even with less profit margin I can still earn a bunch when STEEM token pumps which it is doing every now and then as influenced by its richer sister chain whose name sounds like "Knife".

Well, I guess "things" (Shit) happens and even with another game plan I guess it still favors me because I generate a token that goes up and down with its volatile price action which is conducive for getting a good trade. It is just that I am really not wanting to park my beloved cream of the crop, life-changing, bread and butter tokens outside its wallet and into an exchange to work out in getting more although I can do that but I have to make a decision otherwise I will not be able to make a better use of this bull market for these STEEM tokens. It does really gives us the opportunity to make trades for a better gain compared to using the Steemit platform in its traditional way of earning through posting and interacting which is the long route in building a good stash of STEEM compared to trading. Now it is just a matter of how high we like to profit from these special times of the months of crypto bull run will just depend on our (my) decision but with the factors that we do not foresee like Upbit just did against STEEM Dollars, READ HERE our (my) gameplay will also have to change because of it, or should we (I)?

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