The value of Steem
at the moment is $6.58 .
It has a current circulating supply of 246 Million coins and a total
volume exchanged of $22,387,574.99. Market Cap $1,625,115,284.55
Great thanks!
But can anyobody explain why has the value of SBD gone up so much?
this would imply theres more demand than supply.....why is that?
Is it simply overpumped/speculation or has something fundamentaly changed?
Maybe most people are powering up and so there's a scarcity of sbd on the market?
All of the above I'd say, the whitepaper explains what SBD is and what is it meant to achieve...
But, it does have a very limited supply, even though we have increased the supply 4 fold since it's been above $1.00. Demand will always drive the price...
I have no idea about SBD other than we will keep increasing the supply as fast as possible as long as it is over $1.00 worth of Steem.
If you think the demand will out-run the supply then it will likely increase in value, but if you think the supply will out-run the demand then it will decrease..
Remember, we have mechanisms in place to burn SBD when it is below $1.00 and print more when it is above $1.00 worth of Steem..
The Best way and the most reliable one - find the gems (fundamentally strong projects which have strong team, a product in the mind to solve an important issue with high utility value). Ideally, it should have a reasonably deep moat vs. competitors. This is the recipie for success! Earlier or later the market will recongize the value of the project and will award you with immence profits. Real life example, RLC token (iExec) >+100% today! This pick was included in our portfolio yesterday and published here https://steemit.com/crypto/@p2port.com/crypto-portfolio-high-quality-crypto-assets-for-long-term-growth-created-on-11-january-2018
Go SmartCash! :)
lol, Looks like Smart got a very strong supporter :)
Join us... https://discord.gg/uSF5S5p
I wish I hadn't sold half of my holdings early. I wanted to sell and rebuy but i screwed up. I still have 1500 smartcash though so that's good :)
Nice, I've just started getting back into steemit, and am pleased to see the direction steem is going right now...HODL, my friend...
HODL in deed :)
Thanks for your support !!
Good Post 👍
Great thanks!
But can anyobody explain why has the value of SBD gone up so much?
this would imply theres more demand than supply.....why is that?
Is it simply overpumped/speculation or has something fundamentaly changed?
Maybe most people are powering up and so there's a scarcity of sbd on the market?
All of the above I'd say, the whitepaper explains what SBD is and what is it meant to achieve...
But, it does have a very limited supply, even though we have increased the supply 4 fold since it's been above $1.00. Demand will always drive the price...
I have been waiting for some article that talk about steem dolar price and also its prediction to next sbd's price.
I have no idea about SBD other than we will keep increasing the supply as fast as possible as long as it is over $1.00 worth of Steem.
If you think the demand will out-run the supply then it will likely increase in value, but if you think the supply will out-run the demand then it will decrease..
Remember, we have mechanisms in place to burn SBD when it is below $1.00 and print more when it is above $1.00 worth of Steem..
Okay, Thanks for thats great statement my friend @majes, I will be happy if you wanna teach me how to see the chart development of the coin's price
The Best way and the most reliable one - find the gems (fundamentally strong projects which have strong team, a product in the mind to solve an important issue with high utility value). Ideally, it should have a reasonably deep moat vs. competitors. This is the recipie for success! Earlier or later the market will recongize the value of the project and will award you with immence profits. Real life example, RLC token (iExec) >+100% today! This pick was included in our portfolio yesterday and published here https://steemit.com/crypto/@p2port.com/crypto-portfolio-high-quality-crypto-assets-for-long-term-growth-created-on-11-january-2018
Hope that it will go more than 10$