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RE: The Value of stable SBDs to me
Sbd should never be above $1 and if so you should never buy it as it will come down to $1.
By design it is worth $1, never more.
Sbd should never be above $1 and if so you should never buy it as it will come down to $1.
By design it is worth $1, never more.
By design it's never worth less then $1 and there are protections against that. It can rise freely and due to the limited supply is very easy for pump and dump plays which makes buying worthwhile. Don't care what the original design was, SBD moves along with Steem and the price ration between the two can be a great investment play.
When the ratio for SBD to steem was high it was completely worth buying IMO as that money would have either bought steem or SBD at that moment as I wanted to add to my steem holdings. It was around 1.4 SBD per steem at the time. Now it's flip flopped and is 0.9 steem per SBD. So by playing the ratio between the two the 400 SBD would have been about 280 steem. Today I can convert it to 440 Steem. Net gain is 160 extra SP by playing the ratio.