I've been seeing the value of SBD drop on exchanges. Bittrex now shows SBD at exactly USD$1.00. The current trading value is 0.00016847 BTC, which is exactly $1.00.
I don't know if it will hold there, or drop much lower, but this is a good sign for the pegging of Steem. SBD has been overvalued for months due to pumping of the price. It had even reached $6 for a while as I recall.
If you haven't been spending you're SBD to buy Steem before now, you might have lost out on buying Steem at a little discount. Unless Steem goes lower than a dollar, then you're winning if you buy Steem with SBD then ;)
Thank you for your time and attention. Peace.
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Haha Man, that graph is a little depressing. I traded my sbd for Steem and powered most of it up so the little that I possess is tied up there. Hopefully, this doesn't all crash and burn lol.
I jest but this is the place I write. This is where I have spent the time to build a little following (it is tiny but I worked for it). As long as it's going I will be here posting my weird opinions and vaguely coherent rants for whatever that is worth.
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I've been selling SBD for Steem then trading it back and forth with BTC since I got here. I'm surprised it took this long for SBD to return to the peg. I can only guess that quite a few were HODLing, hoping for another spike. Unless it spikes again when BTC goes back up, that was likely a mistake.
Unfortunately, people might have learned that HODLing when it's $1 is a good idea. If so, we might have a problem.
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The SBD/STEEM (debt/equity) ratio stands at 4.09%
It seems almost inevitable so, what happens when it stops printing do you think?
Edit: Please note that the debt/equity ratio is calculated using the Steem feed information, which I believe is a 3-day average, if calculated using current coinmarketcap spot stats, it would be 4.60%
http://steemreports.com/steem-sbd-info/
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It stops printing because of the fall in Steem value, I don't know what else happens after that... People need to buy Steem for SBD to come back?
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A SBD price outside of the range 0.80-1,20 USD means that people do not understand the concept of SBD...
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The printing of SBD will stop when the SBD to STEEM debt ratio exceeds 5%.
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The SBD/STEEM (debt/equity) ratio stands at 4.09%
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Quite high already.
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what will happen if steem goes below $1 which seems possible now. will sbd stay around 1 or will it maintain the ratio of 1.2 or so.
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No more SBD is printed.
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I am holding a little bit of both steem and sbd. Who knows what will happen to prices.
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I gree with your wisely good thinking.
Just looking at the sphera can find out what's going to be in the future.
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SBD has been rising and falling with Steem. Steem has been falling so it is impossible to say for sure if the peg is working. In order for us to tell, Steem would need to make a big price move and SBD would need to stay the same.
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I noticed. Quite outrageous how far the exchange rates dropped here.
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This is what I'm expecting with SBD but not with STEEM. I think it's OK for SBD to stay 1USD but I hope STEEM will go up very soon.
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This is really bad...
Let's hope this goes back up pretty soon. Thanks for the infos @krnel
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I really have never understood why so many people want SBD parity with the dollar it is a losing proposition for anyone who actually posts or comments here, I get less Steem for my SBD. Unless Steem goes below one dollar, then it is a losing proposition for everyone, except those who bought Steem when it was at less than 0.50 last year.
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No, it's not good for it to be above $1. See: https://steemit.com/dtube/@clixmoney/qk8w0i82#@gtg/re-clixmoney-qk8w0i82-20180625t160626492z
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Are you talking about the video or gtg's comment because the video is actually in favor of SBD going up in price. As for the comment @gtg is way off in his calculation if I am not wrong. If you are paid $3.00 for a post and SBD is at 1SBD per USD what you will get paid is exactly $3.00, regardless of if the price of Steem is at $100.00. You will only get more USD if the price of SBD is higher than the price of the USD. Example=
SBD= 1 per USD
Steem =1 per USD
$3.00 payout = 1.5 Steem ($1.50) 1.5SBD ($1.50)
SBD= 1 SBD=2USD
Steem= 1 Steem=1 USD
Payout = $3.00 = 1.5 Steem ($1.5) 1.5SBD ($3.00) You get $4.50
SBD= 1SBD- 1 USD
Steem= 1 Steem =2 USD
Payout $3.00= 0.75 Steem($1.50) 1.5 SBD($1.50)
SBD= 1SBD=1USD
Steem= 100 USD
$3.00 payout = .015 Steem($1.50) 1.5 SBD($1.50) Same $3.00
So an author will only get more of a payout if SBD is priced above the USD. Now it may be harmful for Steem if this is so as people get more money this way(but the argument is that SBD pegged at 1 per USD is best for authors not that it harms Steem) I don't know that, but from the point of view of people who post here the higher SBD the better. Of course witnesses will always get paid with Steem so in their view the one that should be up is Steem because it is in their interest.
Maybe I am wrong but I think numbers don't lie.
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Let's hope this is the lowest it will go.. Seems like bottom to me
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It seems to fluctuate like a stock. I am still trying to get a handle on it. Thanks @krnel
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Great theme for Discusion.Who knows what's up to us in future?
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hopefully next month sbd price will rise @krnel.
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I am thinking of converting my SBD into STEEM. What do you suggest?
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I have seen SBD around 0.7 ratio as well. when Steem touched $8 SBD was $13 i dont know what will happen when steem goes below $1 but i have a feeling that we will approach 1:1 and SBD may not go much lower than $1. you can convert some now and keep some for later
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I wanted to grab as more as I could but one thing I am not able to understand is despite that much low price of STEEM and SBD the market Ask price is barely coming down.
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the price is lower at exchanges, it takes time to reflect the price in steem market because there is not enough liquid steem i guess. the conversion ratio is already coming down as you can see its now sbd = 1.23 per steem
my assumption is that if it goes below $1 then we should have a 1:1 market
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Convert whichever is higher I think. If STEEM is higher than SBD, then convert to SBD to get more SBD and if SBD goes higher than STEEM convert it back to STEEM.
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The crypto roller coaster is a wild ride right now! Thankfully I don’t have much of either to notice but I have seen my accounts value drop the little that it’s grown. Looking forward to leveling off and rising now.
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The price of sbd falling like this has been devastating to me, and I'm sure to many others as well. It's a shame what is happening. BTW last summer it ballooned to around $15 I believe.
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I think steem would develop more if non-programmers would have support to learn programming....they should create a platform to help non-programmers to program...we get stuck in one detail and we can't go further.......that's a problem
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Recently i saw that many are thinking that SBD is over shadowing the Steem. In my opinion I've never saw these type of discussion before when prices were quite high. When i joined Steemit Platform on October 2017 at that time everybody was running for the SBD because at that time SBD was priced at $15.
Let's see what price cycles we will going to watch in future for SBD and Steem.
Wishing you an great day and stay blessed. 🙂
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Hopefully traders push SBD to 50 cent... I always wanted to try the conversion option. :)
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