Six days ago, I [explained](https://steemit.com/powerup100/@josephsavage/power-up-100) why I have been posting everything ([here](https://steemit.com/@josephsavage), [here](https://steemit.com/@sneakyninja), and [here](https://steemit.com/@steembasicincome)) with rewards set to Power Up 100.

The next day, @ironshield did me a great honor in [sharing his own perspective](https://steemit.com/steem/@ironshield/steemit-thoughts-should-we-be-powering-up-100-on-every-post) in response. I thought he made some very good points, but I [respectfully disagreed](https://steemit.com/steem/@ironshield/steemit-thoughts-should-we-be-powering-up-100-on-every-post#@josephsavage/re-ironshield-steemit-thoughts-should-we-be-powering-up-100-on-every-post-20171117t225320573z). 

## I Was Wrong 
https://cdn.pixabay.com/photo/2017/01/09/12/49/mistake-1966448_1280.jpg
*[image source pixabay](https://pixabay.com/en/mistake-error-question-mark-fail-1966448/)*

The price action in SBD over that last 48 hours proves that the speculators are in charge of the market. There is zero long-term logic for SBD to have any value other than $1. It's supposed to be STEEM that goes a little crazy. What happened shows how easy it is for whales to get the market worked up, bring in the momentum crowd who know nothing about what they're trading, and pump the cryptocurrency.
It means that my full analysis on how the different incentives and back and forth was WAY over-thinking it. In an orderly market with deep liquidity I might have been right. In the actual thinly traded markets that exist for STEEM and SBD in the real world, I was way off-base.

If I want to have a long-term perspective, but still respond to the price action and make some short-term profits, I need to keep my liquid Steem investment balanced between Steem and SBD. For that to happen, I need to always be posting at 50/50. The speculators are in charge. If that ever changes, it will be because the market has matured and we will all be rich. At that point I'll want to post 50/50 anyway so I can live off my Steem income and sip margaritas on the beach...

Well done, @ironshield. You read the market accurately and provided the better advice.

*To anyone just joining us that would like to understand the context and arguments, please start with reading the previous posts and comments that I linked in the first two paragraphs.*