SBD Inching Towards Parity With STEEM
At the moment of writing SBD was trading at $5.775 and STEEM at $4.888, according to numbers pulled in steem.supply from Coinmarketcap.
Total circulating supply is 5,856,471 SBD, a significant increase from two months ago, when it was just under 3.5 million.
For 1 SBD you get 1.182 STEEM, lower from yesterday's level, which was around 1.223 STEM,
If the trend continues, SBD will reach 1 to 1 parity with STEEM around the end of the weekend, or at the beginning of next week.
There's no guarantee that this will happen, obviously, but it felt interesting to play a little bit with the numbers.
What do you think about this?
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I have no idea how this will turn out, but over the course of the months I found out STEEM is one resilient mofo. I wish SBD would keep its price or even trend higher but looks like its not gonna be the case.
I wonder that whether SBD will go down after the parity. Trend looks likeSBD is keeping down along STEEM when BTC is down. But SBD stays stable when STEEM goes up. Looks like SBD is losing the momentum, surely momentum with the STEEM now.
But it's inching in the wrong direction.... Should both be going up! STEEM should be higher than SBD in my opinion. The power of the platform is STEEM.
I think the same, STEEM is the base currency, but the trend is supporting this. SBD should trade lower than STEEM, while STEEM should keep going up.
@dragosroua: But that is not what reality is telling us, at least since December 2017. Still no one has given explanation of why that happen, SBD reaching 14.
One variable I found out is using SBD as Rocket Fuel for Bidding Upvoting Bots. Think about it?? If you goes into a Bot Manager Role, you need a lot of SBD.
If I were an investor, I will go that way to make my investment get 20% a week. In my current BOT Game I am making higher than 50% per Bid.
SBD and steem have been fluctuating above/below each other ever since the creation of Steemit and there is little rhyme or reason. That's the only reality.
why is this significant?
it will affect the payouts, less liquid rewards.
@dragosroua: Which ones do you call Liquid? Let´s face it: 50% of 75% is in SDB which can be used as Rocket Fuell for Bots in order to get FAT.
The other 50% of the 75%, goes into STEEM but with strong impact from the divisor: Steem Market Value, hence you get much less real money than the generated via SBD.
Run a Test an with the 50% of the 75% paid in Steem, buy SBD and compare with the 50% of the 75% given in SBD, and tell us.
SBD.
Payout...!
I like that..the more the better.
first thank you very mush for this great site steem.supply
and i think the same thing
SBD = steem = 5 dollars
And it inches even closer after you posted this. I'd say one more week till its a 1/1 ratio.
The value of both has been approaching in the last days, it seems that if the trend continues to equalize, It would be interesting to see what would happen to the market if that happened
This will take steem/sbd to the moon if other reloading stations and other related businesses also key into this idea
Though I am still wondering why did SBD reach the levels it did?
Cuz it is easy to pump, just look at order books, even I alone could push the price up lol
1 factor: The use of SBD as Rocket Fuel for Upvoting Bidding BOTS. Think about and you will reach same conclusion.
How will this effect our rewards ?? I have already lost like 5 SBD rewards due to price fluctuation.
If you are loosing SBD is because you are unaware of the BOTS Bidding Game which cause your SBD grow like rabbits, plus giving you some SP
Enlighten me on this bot business, o wise one.
http://www.steembottracker.com
I have been enlightened. thanks a ton :)
If you have any questions, please feel free to contact me. I will answer if I know. Otherwise, I will research problem
Already following you thanks a ton :)