Hi Jon, unfortunately this is not a likely outcome as SBD is convertible share of STEEM. SBD appreciating any more than it already has would actually be detrimental to STEEM's growth- as it is, interest payments for holding SBD have already stopped which creates increased incentive to sell SBD or convert it. I'd encourage you to read pg. 8-12 of the Steem whitepaper to better understand this. Cheers!
RE: SBD to hit $80 by next Spring!
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SBD to hit $80 by next Spring!
I do understand that, but SBD is also freely trading on exchanges, which means it can fluctuate with market forces in the short term. Look at the charts, it already hit $16-$17 a few months back...
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I think it's more likely that SBD become more and more closely valued to $1 as time goes on. Currently when you go to exchange an SBD on poloniex for BTC, you're most likely trading with someone who's put minimal time into understanding what they're buying (maybe they've watched a few youtube videos on Steem and decide to invest equally in STEEM and SBD cuz "it's pretty much the same thing... right?") and just want to make a quick buck. As time goes on, there will be more and more info out about SBD and people won't be as willing to buy a convertible share of STEEM (which is what SBD is) at a premium. As always though, multiple opinions are better than just one. I may turn out to be wrong!
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