I'm still trying to wrap my mind around this at the moment. I have some ideas, but am not quite sure. At the time of writing this article, SBD is trading up nearly 300% on Poloniex and the current price of SBD is $12.28.
By design, SBD was supposed to be averaging around $1 USD. Now, obviously that was the design and the actual market economy can change that. But what factors are playing into the overall demand for SBD over $1.
It'd be interesting to see some comparisons between the supply/demand economics of STEEM and SBD. Obviously the internal markets here play into the current price, as well as Polo and other exchanges now. However, I'm curious about the value of STEEM and the current cost of SBD. It seems there may be some equalization needed here.
Screenshot from the wallet page
Please share your thoughts!
[UPDATE]
It looks like coinmarketcap.com has the SBD/STEEM market added incorrectly, inflating the price. This could have certain traders thinking that SBD is well under valued possibly.
I heard it was trading at high amounts while I was asleep, but we're already nearly back to normal, 0.0018
I suppose it was someone screwing up, misunderstanding SD or even confusing them with Steem
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think you're looking at some other market, Eth maybe?
https://poloniex.com/exchange#btc_sbd
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
lol
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I didn't make up that screenshot above. You can check out the UPDATE I posted though.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
https://steemit.com/steem/@jl777/sbd-at-0025-btc-how-is-this-making-any-sense-i-explain-what-happened-with-the-pricings-today
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
They're trading at .0018 btc at the moment on Poloniex, that's about $1.20. Highest I saw tonight was a little over 002 btc.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
alright, thats definitely nice to know. It is like people are buying a 20 dollar amazon voucher for 23 dollars on ebay. This is stupid .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Though not related to this post, I have some questions about Steem Dollars... Can anyone help me telling me what you know? https://steemit.com/steemit/@ynotplay/question-how-do-you-transfer-steem-dollars-from-an-exchange-to-your-steem-account
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Who knows what could happen there are so many strange human variables at play not purely the numbers, i don't think anyone really knows steemits potential yet, just optimistic speculation and hope, i see a lot of hope and faith here.
And i don't think it's misplaced.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, but what are the market/economic factors that ensure or set SBD value at $1. Could it be possible that an arbitrage play on SBD could alter the market dynamics in a big way?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i hard that japan and south korea have now legalized cyptocurrency and that's why the steemboard dollars is at a very high deman.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit