How I deal with over-priced SBDs ... Warning... this may not be a good example!
Lately we have seen the SBD price goes up to more than 1 USD. And community senior members like @clayop, @abit and probably others have highlighted this issue. I sold my 60 SBDs a while ago and bought some Ether (not a bad investment so far). The margin between SBD and USD seems to be increasing lately. According to changelly.com, 1 SBD equals 1.416 USDT. I am not sure if USDT can still be trusted or be substitute for USD but you get the idea.
Recently I have saved some SBDs and now I am thinking again... (it's fun, isn't it?). But at the moment, all altcoins seem to be doing VERY WELL!! So it means they are also quite expensive now... What should I do? [cashing out fiat isn't an option for me as I love crypto!]. So I think... Maybe I can join some ICO atm, since they are not yet on the market, seems to mean that they are relatively cheaper. So I checked out Smith&Crown's ICO list...
I decide to buy some more PeerPlays as their ICO isn't finished yet (I bought some before due to this. lol). So I kind of know them so how. It is no big money so I go with it (this time I pay with SBD, the whole 24 of it!! and the site shows that it is worth $36 ... sweet!! ).
Viola! So now I have 6.4 more PeerPlays tokens with me!! Yes!
Oh, you are welcome to copy my Redemption key .. A message is encrypted inside! LOL...
Conclusion & Warning
1. The crypto world is so much fun - all on your finger tips. You can switch your asset instantly.
2. I decide to utilize this overpriced opportunity and meanwhile diversify my stakes a little bit. But Steem is always the top choice of my crypto-assets.
3. WARNING: this is just a fun experience sharing. Doesn't mean that I am right.
I agree with your statement, I see the same thing if the current SBD continues to increase
I still don't quite understand the reasons behind this though.
Maybe this is still a mystery
Go to see more experiment. ;-) Like I do #myexperiment.
Why is the dollar playing idle anyways?
I don't quite understand your question...
means why is SBD gaining in price over $?....is the dollar crashing or its just SBD Hype?
SBD is traded outside on exchanges and is subject to market forces. People are buying it not realizing what it is.
That's a good factor
NEVERDIE ICO is LIVE.
The first block chain based Virtual Reality gaming crypto! NEVERDIE coin will allow monetizing the game items in real cash economy game Entropia Universe. NOW game player can cash out their in-game money earned by playing game and can exchange NEVERDIE coin with other ERC20 tokens such as Gnosis, Golem, and Frist Blood.
https://steemit.com/ico/@maxtill94/nevedie-ico-full-analysus-why-you-should-buy-neverdie-coin-gaming-cryptocurrency-coin-comparision-with-gamecredit-mobilego-first