The need for SBD will be greater as Steemit grows so I don't think we'll see a dump unless some drastically changes are made. And like you said, the technical analysis looks great.
I recommended both Steem and SBD a while ago. Showing some gains already:
STEEM & SBD - Update - Analysis (42% and 54% gains) — Steemit https://steemit.com/steem/@benkalashnikov/steem-and-sbd-update-analysis-42-and-54-gains
The witnesses can push for more SBD which would flood the market, theoretically flooring the value of SBD, no?
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Potentially yeah, I'm not too educated on this though. Been focused more on the charts :)
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The authors ask for 50/50 posts which creates more sbd. Authors then can apply sell pressure to sbd and steem or speculate
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