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RE: STEEM to SBD Historical Information/Comparison
You're analysis looks reasonable. Steem/SBD does not, however, exist in a vacuum. The activity of the cryptocurrency market as a whole and well as the socioeconomic circumstances of the investors also add volatility. As there is a smaller supply of SBD, I would expect it to act as a leading indicator for Steem (as the reduced supply make it easier to change the price). I haven't proved it out, but I would expect that a sharp drop in the price to result in a price closer to $1 whereas a sharp increase in price would move the price lower than $1.
I am curious about how STEEM will reach $20 or more if SBD will be pegged at $1 without an increase in total supply. Or maybe I should think out of the concept that STEEM is backed by SBD and SBD is backed by USD. Or maybe I should start reading the whitepaper now to get some answers haha
Anyway, thanks for the insights! I'm definitely learning a lot even just from conversations like this.
P.S. Thanks for the upvotes too. :)