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

You are viewing a single comment's thread from:

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

in steemit •  7 years ago 

I love it when people reply and state that they will not reply again and do not want to argue further.
You handpicked 2 dates which barely (in cryptocurrency terms) show a decrease of SBD price over a short term.
However, looking at bigger scales showcases my claims.
I feel like STEEM is a better pick than SBD, but I feel that right now, STEEM is expected to decline more than SBD.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I love it when people want to persue an argument off point and misunderstood the main focus of a post.

Your previous comment says I do not want to argue further yet I have written a reply almost as long as the original post which argues the main point to which there is no reply?

I clearly show a decrease in price over the time period (not hand picker but as per your comment) where it was stated there was an increase in the price (still not proven) and you change the subject to fit your interpretation and adapt the timeline.

Time Line

I am just trying to explain to myself and to others the fact that SBD rose despite of what you wrote.

  • Starting time is like you state "what you wrote" which is the time my post was published.

  • End time is again an indication of the time you posted your comment.

I could have done the same with the example of world population as you confidently state that "in crypto currency terms barley show a change" but wish to compare world population with crypto currency.

In crypto currency terms a week is closer to a year and everything can change in a matter of minutes yet in world population the process of things is much, much slower. Not to mention the confusion as to what is referred to? Is it a comparison between the direct increase in world population or is it a correlation between world population and the percentage of those people that would end up using Steemit? And now that we are off topic why don't we also discuss the emotional state of each individual that would end up using Steemit but would not like the internal battles on this platform and leave before really giving the platform a chance and investing some money?

There are times when SBD goes down, but it is much higher than when I joined and much higher than a few months after I joined.
"The peg" remains broken to the upside, and in the past it was broken to the downside, and it has something to do with a strong demand.
When Steem's population increase, so does the demand for SBD.
More ppl want to pay for bots, more ppl try to short STEEM internally.
Steem's population (amount of accounts not withstanding) can not exceed world population.
Increase of world population allows for an increase of Steem's population.
Since Steem is young its growth is potentially much faster than that of world's population.
Why did you suppose that I meant it on a days' scale?
Did you post your thread as a daytrading recommendation?
I did not suppose that you did.
While Steem seems more useful to me than SBD, I also feel that Huobi's adoption of it contributed to its recent rise against SBD, and will be at least partially reversed in the following weeks from now.
Steem seems to have already stalled at around 1.22 STEEM/SBD.

You got a 100.00% upvote from @allaz courtesy of @stimialiti!

Thanks for using Bid Voting Bot @allaz service and Steem Upvote Bot Tracker
I want to introduce you to my new friend @monsterbit in order to give additional thanks!
Do you know who is @monsterbit is? My friend, you can miss a lot. I highly recommend checking him with introduceyourself. He is going to hold interesting contests with cash prizes and promises to tell a lot of interesting stories!

You got a 9.84% upvote from @ubot courtesy of @stimialiti! Send 0.05 Steem or SBD to @ubot for an upvote with link of post in memo.

Every post gets Resteemed (follow us to get your post more exposure)!

98% of earnings paid daily to delegators! Go to www.ubot.ws for details.

The post is meant to look at the state of SBD without considering any other factors except for inflation on the coin due to an increase of circulation supply.

This means you evaluate its potential at a specific interest in the coin.

For clarity let us define the interest level in SDB.

This is not interest as in bond interest rate but interest as in drawing attention and more people to this platform.

When running numbers you want to link the interest level and peg it to something measurable. If you then keep the interest level constant you eliminate the affect of higher or lower interest levels.

For an example we can say lets work on a scale of 1 to 10. 1 being the lowest point in market capitalization and also when SBD is at its lowest interest level and 10 being the highest interest level on the SBD chart.
2.png

A 10 interest level will therefor be at a market cap of US$63mil which is the highest market cap ever reached by SBD (the scale can however change if we break the scale due to very high interest).
3.PNG

My post looks at a specific interest level which is the US$40mil market cap. If you work out which interest level this is on the above defined scale it is the 6.13 interest level (On our scale of 1 to 10).

For this interest level I evaluated the inflation of the coin which is sitting 583% per annum.

This is not day trading advice hence my comment to @vimukthi that 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 and also have good potential for profit (if you hold SBD).

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

I do not day trade and buy coins to hold. If I did not know about the high interest rate on SBD I might have thought that it is a good coin to hold and would have burnt my fingers badly.

I found you made a terrible miscalculation of monthly inflation rate and edited my initial comment to include a correction of your miscalculation.
After correcting you and informing about it, I left my comment as it was written before, below the correction.

If you get the chance, please determine the inflation rate for the month of January 2018 and let me know what you get to.

To know what it is de facto, I will have to travel back in time to 2017-12-31, measure its circulating supply and then go back in time again, this time to 2018-1-30, measure the same quantity again, return to the present and report it.
What I did is to correct your monthly inflation rate result based on your assumption of annual inflation which may be true AFAIK and is supposed to be true, if to believe the blue/white paper.

You got a 22.85% upvote from @proffit courtesy of @stimialiti!
Send at least 0.01 SBD/STEEM to get upvote , Send 1 SBD/STEEM to get upvote + resteem

You got a 23.81% upvote from @luckyvotes courtesy of @stimialiti!

You got a 11.11% upvote from @sleeplesswhale courtesy of @stimialiti!

You got a 8.33% upvote from @ubot courtesy of @stimialiti! Send 0.05 Steem or SBD to @ubot for an upvote with link of post in memo.

Every post gets Resteemed (follow us to get your post more exposure)!

98% of earnings paid daily to delegators! Go to www.ubot.ws for details.

You got a 19.05% upvote from @sleeplesswhale courtesy of @stimialiti!

You both make compelling arguments. I just think you are talking past each other.

You got upvoted from @adriatik bot! Thank you to you for using our service. We really hope this will hope to promote your quality content!

You got a 26.32% upvote from @proffit courtesy of @stimialiti!
Send at least 0.01 SBD/STEEM to get upvote , Send 1 SBD/STEEM to get upvote + resteem