STEEM VERSUS STEEM DOLLAR - SEEN ON BITTREX

sevenseals (58) · 7 years ago (edited)

In my opinion SBD price will go back to $1 in the mid to longterm. In the following chart you can see: If the SBD price rises, the inflation rises too.

This chart you'll also find in my weekly steemit statistics:
https://steemit.com/steem/@sevenseals/steem-statistic-charts-week-04

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goldkey (73) · 7 years ago

Thanks for the links and the chart. very helpful.

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sanjeevm (63) · 7 years ago

I regret not selling my SBDs, when they were high. I still hold them, because you can never say whats coming up next :) So better to hold them both. Unless it goes down.

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goldkey (73) · 7 years ago (edited)

Hindsight is 20/20. We all hoped it would go higher. Now, I still hold because I believe it is the basis for greater things. As a social media base, nothing can compare with the earnings model.

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chaitanya.mhatre (42) · 7 years ago

Its like a mini piggy bank with lot's of money in it you break it there is a lot off money but no more savings

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braxton101 (58) · 7 years ago

All I can say is that sbd inflation is higher then steemit inflation so that might have something to do with it. Then again this is crypto and anything can happen.

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goldkey (73) · 7 years ago

I have seen this too, this is happening, but it seems backwards to me. If SBD inflation is higher, then its value should go down faster. (In real world with USDollars, higher inflation means stuff costs more and the USD buys less; thus, value going down.)
But, like you said, . . . "anything can happen"

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sidsun (57) · 7 years ago

Tell me something...is it good to have sbd in this wallet? Or is just Steem Power good enough. I have been powering up without leaving any steem or SBD. I'm thinking of leaving all my crypto in exchanges and moving them here. But what is the strategy? can someone advise

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goldkey (73) · 7 years ago

It depends on what you are doing. I post contests and challenges that provides SBDs as prizes. I enter contests/raffles that cost SBDs. As an internal currency, it is necessary to hold SBDs in the wallet for these activities. However, if you are simply posting and voting, then maybe there is no need to hold SBDs. So, it depends on your activities.

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phelimint (68) · 7 years ago

I don't understand the price of SBD, to offer any insight, but I do hope it has another bump, seams like the last 2 times there were trading around 1:1 SBD had a big pump, so he's hoping.

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goldkey (73) · 7 years ago

You are right about the last couple of times. After a short time at 1:1, SBD had a bump.
As it stands at 6:10 EST 2/1/18, STEEM is $5.07, SBD is $4.81.
So, STEEM is over SBD again. Will STEEM get a smack down or will SBD get the raise? Keep watching.

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phelimint (68) · 7 years ago

I certainly know which one I prefer!

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presidentslabber (49) · 7 years ago

its going to rise again this is just the start! steemit for the social media takeover

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goldkey (73) · 7 years ago

I agree that there will be a social media takeover. The development of features, such as a successful video platform, needs to accelerate before the earnings model is copied / added to other existing social media.

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kp138 (68) · 7 years ago

I miss the days of much higher SBD. Wouldn’t mind seeing that happen again so I can power up 😀

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goldkey (73) · 7 years ago

I'll be glad to revisit those days too.

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nofiat (58) · 7 years ago (edited)

I like the idea of selling high SBD's and powering UP all the Steem possible. It would mess up all my Steemit world domination plans if the SBDs end up worth less than steem ; )

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goldkey (73) · 7 years ago

I like the idea of STEEM and SBDs going higher and HIGHER!

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stokjockey (70) · 7 years ago

@goldkey I think that SBD is probably going to be on a little Run again if the Koreans have any say...............

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goldkey (73) · 7 years ago

Thanks @stokjockey, I hope SBDs kick out another Run. . . but now I have to go find out what you are talking about. . . . I see STEEM and SBD are listed on crypto exchanges in Korea. More for me to learn. Maybe the price jumps based on the Korean time zone. . . More for me to research . . . .
OR I can just ask you . . . . WHAT? Are the Koreans jumping on SBDs?

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stokjockey (70) · 7 years ago

I was reading a couple of weeks ago since the SBD was listed on the Korean Exchanges that they were buying SBD because they did not understand how it is different from STEEM. I don't know all the details but maybe they think SBD is better because there are fewer outstanding tokens total..

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goldkey (73) · 7 years ago

I saw some comments about the circulating supply of SBD (7,781,812 SBD) is low compared to circulating supply of STEEM (247,993,543 STEEM). So, the perspective was that SBD was better - I agree that it's not clear how SBDs are created and destroyed. I'm just glad to see them rising. Cheers @stokjockey.

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kazish (61) · 7 years ago

Steem will overtake sbd, the way it suppose to be

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goldkey (73) · 7 years ago

Is this going to be based on changes by the witnesses?

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wralkat-studios (38) · 7 years ago

Do you think SBD will eventually be stable at $1 like it's meant to be?

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3 votes

goldkey (73) · 7 years ago

I don't know. I think the horse is out of the barn and if it is 'somehow' pushed back down, then that would not be good for anyone, definitely not any investors in SBD. I think if it was forced back to $1, then the uproar from investors would be well warranted. So, I think it is too late.
On the other hand, if it goes down to $1 based on the market, then we'll see if it can be forced to stay there. I say 'forced' or 'pushed down' and I mean if the witnesses and rewards were programmed to go to $1.

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wralkat-studios (38) · 7 years ago

What I'm wondering is who is buying so much SBD making the price go up. Because when I look at pretty much anyone's profile they have way more Steem Power than they have SBD

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3 votes

goldkey (73) · 7 years ago

Well, I suspect it must be someone outside of steem for that reason. So, this is why I believe it must be outside investors. Also, they may know something that we don't know.

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rocketgold (38) · 7 years ago

Lovely :)

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boomerang (56) · 7 years ago

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minnowhelper (53) · 7 years ago

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lovejuice (61) · 7 years ago

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postpromoter (63) · 7 years ago

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silvergoldbotty (70) · 7 years ago

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drotto (48) · 7 years ago

This post has received a 0.21 % upvote from @drotto thanks to: @goldkey.

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booster (68) · 7 years ago

This post has received a 2.52 % upvote from @booster thanks to: @goldkey.

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