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RE: Outrageous Future Speculation on Steem/Steemdollar Price on 2/27/19
SBDs will always have a lot of downward pressure due to the lack of utility and the high inflation rate. As the price of Steem grows, the inflation rate of SBDs grows as well. Thus, any expectation of SBD above $10 is highly unlikely and would only occur in periods of massive exuberance and bullish hype. Even in that case Steem might go higher thus increasing the downward pressure. As long as a large majority of users use the 50/50 option, this is destined to happen.
So, I expect the SBD to eventually return to $1 but a lot of it depends on the Steem price in the coming months.
I agree in your point about the hype train leaving the station but coming right back to reality. There will be a period of irrational exuberance at some point in my opinion, that's why I cooked in the high at around 12. I really think the value is backwards from steem vs steemdollar but not apparently in the market's eyes. Interesting analysis @greer184 your opinion is always greatly valued!