Is the value of STEEM really $48.56?
According to coinmarketcap.com SBD is worth about $8 right now..
However if you look in your wallet next to Steem Dollars it says SBD is always $1 of STEEM.
So if we take a look at the SBD chart maybe this is not a rise in the price of Steem Dollars, but more a decline in the value of the dollar compared to SBD..
And since it has always equaled $1 USD maybe we are just seeing the start, and if this is true and that value flows into STEEM, which is currently at $6.01
Then if we multiply the USD value if SBD, and then by the price of STEEM using it as a base $1 peg that would be $8.08 x $6.01 = $48.56
Conclusion
Now I'm not saying I think this will actually happen, but if you take a look at SBD, which is not limited you will see it has inflated over 1 million supply in this post I did a couple of weeks ago..
"Is there a flippening for Steem Dollars and STEEM?"
And I discussed how this could happen, however I do not think it will be that easy or happen that fast, but it does seem like it is correcting. So I guess only time will tell!
Let me know what you think, and thanks for checking this out!
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Disclaimer: I am not an investment advisor and this is for entertainment purposes only. All of my opinions are only opinions, and it is not investment advice. Please do your own research before investing in anything.
Can this be? Can Steem overcome Steem dollar?
One is for sure us dolar won’t overcome non of them. US dollar goes down the toilet with all the printing. Message for Central bankers and Fed. Reserve: keep printing, you only buncrupt yourself not us steemiens!
I'm not sure I get it... yet! So I'll reread this a few times. However, the value of the dollar itself will diminish making it look like cryptocurrency in general is rising, which it is given the near trillion dollar crypto market anyway. So I'll follow you just to learn more... thanks for something to think about. Interesting! Oh yeah, the dollar may collapse within the next few years methinks!
Wow, this is a great find. Great calculation, I have never thought of Steem dollar that way. Definitely something to take advantage of in the short run!
hmm that is well seen! Also i think we'll definitly reach those numbers this year :)
Definitely a very interesting perspective for the USD/SBD pair. I really believe STEEM will go to 50 $ and above, but it will take a considerable amount of time. Thank you for sharing your point of view.
I definitely see what you're saying here. The whole Steem Dollar situation does make this all confusing, but I agree in your sentiment that we might see the value of Steem dollars transmit itself into the actual price of Steem that way.