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RE: STEEM Price Analysis – December 14, 2016
Mmm very interesting, Just what I expect from my reasearch and your post you've made. Thank you for all the help. Going to start buying back between .10-.05 cents
I have a question though. How directly related is SBD to steem? If the price of steem falls to .10 will the price of SBD immediatly fall too? Or is it not that simple?
SBD is pegged to the U.S. Dollar. It should typically buy you $1.00 worth of STEEM.
If the STEEM price is $0.10, then you should be able to buy ~10 STEEM for 1 SBD. If the STEEM price falls to $0.05, then you should be able to buy ~20 STEEM for 1 SBD.
As long as the peg holds, you should generally be able to receive $1 U.S. worth of goods or services. That's the long-term plan, anyway. So far, the peg has basically held as intended.
Yeah but sometimes it is 97 or 98.
I was just wondering how dependent holding that peg is to the steem price but from what you are saying it is not dependent at all. is that really true?
why does the peg fluctuate then? what causes it to sometimes be slightly lower or higher?
Good stuff, I actually understand that LOL. Thumbs Up sir.