Quick SBD count update 09.12.17
Yellow wave 2 is about to be done. You should know by now what follows after a wave 2. You guessed it, wave 3 with a usual length of 1.618 x the length of wave 1.
Therefore, depending how deep the correction goes, wave 3 should catapult SBD to an above 30$ level.
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I thought SBD was semi tied to the USD? How can it be worth $30? Unless it is a normal free floating crypto with no tie?
It is now normal free floating. No 1 $ peg anymore. There was no official announcement, but SBD is never going down to 1$ again. It is just another pump and dump currency with a ridiculously small supply now... ;-)
exactly, "the doors " are open now. I am too thinking it will not nailed any more to 1 USD. This time is now over.
Really? Do you have links/source about your claim? What is the point to have SDB if it isn't pegged anymore to USD?
Just use common sense. It was trading @15.8$ on Bittrex. That is a little far off for a one dollar peg don't you think? No Í have no sources. You have to take my word for it.
It is a genius move from the developers to cut the peg. It is much easier to pump SBD than STEEM, but STEEM will follow.
The steem blockchain still pays out SBD if it were worth 1usd, so this is great!
Yes it is perfect :D it doesn't get much better than this.
SDB value is influenced by witnesses.. I don't think it can grow without control for too many days https://steemit.com/witness-category/@dragosroua/adjusting-my-price-feed-bias-again-relevant-white-paper-explanation-for-this
Thank you very much!
It's the perfect fully backed debt free currency. Looking at fiat and even other cryptos and especially Buttcoin, I sometimes think SBD should be at $100 or something. But I don't think wave 5 will go that high.
What exactly is your current target for wave 5?
If wave 3 is 1.618 or higher than wave 5 should be equal to wave 1. Therefore I can only make a call on that after wave 4.
It's still and forever 1 USD. People in Venezuela pay a premium to buy USD. In Zimbabwe BTC price was like 50% higher. I actually talked about this here : https://steemit.com/steemit/@vimukthi/my-take-on-what-to-do-about-sbd-free-market-all-the-way
Yes, I think too the same @ew-and-patterns, remembers me to the Elliott Wave Theorie. Lets see, how deep we go now, and how far we willl rise after some days... And of course to rise the SBD is much better Move as the STEEM and easier. I see many complaining here about that SBD high, but why? SBD is as well great. Just think now you can cash easy out and as well choose to power up... In case the STEEM was growing, than you can not easy payout your money. You have to power down always... Do you like to power down? I am not.....
We all hope sbd to reach the level you talked.
It is crazy how 1 Steem Backed Dollar could be worth 30 USD :O
The keyword is Backed my friend. Fiat is fully unbacked. It could technically be worth less than the paper it's printed on. SBD is fully backed by what is currently the greatest social media platform on this planet. As long as USD exist, SBD wouldn't go to Zero. But unlike USD, it's used within the crypto-community and is transferred without fees.
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