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RE: Never Hold on to SBD! They Are Being Devalued At 583.8% Annually (48.65% Per Month).

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Never Hold on to SBD! They Are Being Devalued At 583.8% Annually (48.65% Per Month).

dpl (56) in steemit • 7 years ago

Comparing it to the world population is a bit extreme but I agree with you. The value of SBD will increase as the interest in the Steem platform increases and the circulation supply of SBD is not that much.

But it is like @vimukthi says in the comments below. There is not a lot of SBD coins in circulation and a small influx into the Steemit ecosystem can lead to a considerable increase in the value of SBD.

It is however a decision you have to make because you are gambling on the possibility of the Steemit platform exploding whilst your SBDs are devaluing at a very high rate.

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7 years ago by dpl (56)

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stimialiti (60) · 7 years ago

Comparing it to the world population is a bit extreme but I agree with you.

Not only it is not extreme, it is too conservative an estimation for a young platform which grows much faster than world's population.
I am just trying to explain to myself and to others the fact that SBD rose despite of what you wrote.

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vimukthi (72) · 7 years ago (edited)

Not only it is not extreme, it is too conservative an estimation for a young platform which grows much faster than world's population.

I agree. SBD is just volatile and risky. But one think I know for sure is that unless SBD is worth at least 2.5 STEEM, i'm not even going to think about trading any SBD for STEEM. I would do the opposite.

But on the other hand I wouldn't advise anybody to bet huge on SBD ether. Just look at the TA ad if it looks like a bottom, go put some money on it. that's my advise.

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stimialiti (60) · 7 years ago

But one think I know for sure is that unless sbD is worth at least 2.5 STEEM, i'm not even going to think about trading any SBD for STEEM. I would do the opposite.

What do you mean?
You think that currently SBD is worth more than STEEM? (which is how I am positioned)
I thought you believe that SBD is supposed to plunge due to its rate of creation.
After all you resteemed this thread.
Now you went extreme the opposite way.
Unlike you, I will start exchanging SBD for STEEM way before it gets to 2.5 STEEM, others will do the same, and hence its chances of ever reaching 2.5 STEEM are slim.
A realistic scenario which can lead to it is a cryptocurrency doomsday which takes STEEM to far below 1$.
Not even a STEEM doomsday, because in this scenario, SBD will plunge below 1$ too.

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ubot (42) · 7 years ago

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