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RE: Take The Chance - Accumulate More Steem Through Overvalued SBD!
Thanks for the reply, and the explanation re: STEEM/SBD inflation. And I know the platform was designed with SBD being pegged at USD$1, and @ned has said he's perplexed about the rising value of SBD...but, it does keep outperforming STEEM.
I can't see SBD ever going back down to $1 though.
I am trying to engage with other users - this is a social platform after all, and not just using throw-away "great post" comments.
But, the reality is, as a new user, I could spend 100 hours creating the best post ever made, and it would never even be seen. At least by using upvote bots, it can get into the trending posts and get an audience - from there, the quality of the post defines its/my success.
I think this chart from @sevenseal's post explains why it'll go back to $1
The supply of coin has almost tripled in the last ~6 weeks. Eventually the supply will out-strip the demand.. as long as the price is above $1, more coin will be created until it balances out. So even if there's no massive sell off, eventually the price will correct downwards.
thanks for sharing this