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RE: Haejin is going full circle on SBD and putting it all on RED and BLACK
I'm upvoting this, because I think it is important to also highlight the failed predictions.
Some predictions have been more or less correct, but it's very easy to make predictions in a bull market. @haejin flaunts his correct predictions, but we hear little about the failed ones.
Other predictions, especially the SBD one, I kept my eye out on as well. I have a hard time believing it will go to $34 too.
Then again, $15 seemed unlikely too but we were there.
Keeping an open mind, taking things with a grain of salt... But please do keep this kind of research active and remain critical. Upvoted for transperancy.
$34 is very bullish for a coin that should be closer to $1. The long term value is in STEEM.
Everything is relative in the crypto world, as it is with everything. I personally think that SBD is as or more valuable than Steem for these sole reasons:
Some may say that Steem is better than SBD because it can be converted to SP for voting, but that is false since you can buy SP with any crypto, not just Steem. Hence SBD can also be converted into SP. When that happens, SBD (or any other crypto) must be sold to buy Steem, which is then powered up into SP.
Taken all these points into consideration, even if there were as many SBD as there are Steem in circulation, the logical market price of SBD will be higher than Steem, hence this is what we started seeing recently.
I think that in the future, central banks will create e-currencies that will be TRULY pegged to the respective local central bank controlled currencies, and those e-currencies with the additional KYC/AML parameters will be traded on the local crypto markets in each country. Just my opinion based on a plausible logical sequence of events/developments.