SBD did not pump to over $8. It stayed at $1.70. what you saw was a mistake by coin market cap for including the price on hitbtc where SBD can't enter or exit, but is traded and was pumped sky high. The actual value didn't change on any exchange that matters.
I'm not giving out investment advice. But I don't really hold any SBD. It has utility at times depending on market conditions.
Personally, I do not think of Steemit so much as being an investment, but more like a cool project, helping, however, I can for it to succeed. The Steem blockchain is impressive... Steem Dapps in the near future can revolutionize social media, online publishing, and ICOs.
Anyway, just curious in your opinion what market condition(s) do you think would warrant SBD price to be higher than Steem?
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I don't think SBD will be higher then steem (other than during a pump situation like we saw earlier this year). It's a hedge against decreasing steem prices as it should hold $1. So it can be useful as a mechanism to use during bear markets.
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