SBD to STEEM Price Relationship
Many of us newbies are probably astounded by the sudden surge of SBD over the past 2 days as compared to STEEM. When I wrote about Steem Price Reflections three days ago, I noted then that STEEM was trading at $1.54 while SBD was trading at $1.63. That was a SBD-to-STEEM ratio of 1.06 -- SBD is trading higher 1.06x than that of STEEM. As of this writing, three days later, STEEM is now trading at $1.83 and SBD is trading at $2.35. The ratio has now widened to 1.28.
Is this something new? I did a quick check and rounded up the data over the last 12 months. Here's how the ratio looks like in chart form:
Ratio of SBD-to-STEEM from April 5, 2017 - April 4, 2018
From the chart:
- The highest SBD-to-STEEM was 6.74 achieved on April 11, 2017 - SBD Price: $1.05, STEEM Price: $0.15.
- The lowest was 0.60 achieved on July 8, 2017 - SBD Price: $0.97, STEEM Price: $1.13. (Note: Anything below 1.0 means that STEEM was trading at a higher value than SBD)
- In fact, for the period June 6, 2017 - October 24, 2017, for around 140 days, STEEM was trading higher than SBD for most of the time.
- The median ratio is 1.05, so from this perspective, the ratio is higher than normal.
- The average ratio is 1.60. However, since the ratio skewed heavily in early days, I would tend to discount this statistic.
Just some statistics to share for those who are interested to know the historical relationship between STEEM and SBD.
Thanks for reading.
i dont understand why the sp and sdb are so influenced by other crypto.
sdb have a business behind.....
Hmm...I think there are a lot of speculators and traders out who still use STEEM and SBD primarily for trading purposes. Since STEEM and SBD are still categorized as part of the alcoin family so in a way they do have some correlation with the others in the same asset class. My 2 cents on this, hope that helps. :)
hey thanks for posting !
I do have a question , I use steemit to post most of my content now, mostly pictures and crypto thoughts.
But I also do it to try and make a bit of gains.
Since steem is listed on binance it is the most accessible crypto of the two, as well as the easiest to transfer back to Fiat. So IMO Steem is more important than SBD , however SBD is more versatile on the steemit blockchain.
So , for the objective is to accumulate Steem and not SBS. But Steem on 50/50 split is harder to accumulate when steem has a higher price, as it is payed out based on the usd Value average over the past seven days.
So the question is should I keep transfering steem into SBD and keep using it to accumulate Steem power or should I just use steem ?
My personal thoughts on your question is to keep a bit of both STEEM and SBD.
First, STEEM -- if you are in STEEM for the long run, you can power up your existing STEEM into STEEM Power. That way, you can get higher upvotes and get a nice, regular stream of income daily. You won't get this "daily interest" if you hold SBD.
Second SBD -- The reason why I think it is also good to hold SBD is more on the exchange rate. As we've seen in the past 3 days, SBD price surged more than STEEM, so you can benefit from this if it continues to deviate from STEEM. (However, as a word of caution, nothing is for certain and you can also get negative returns should SBD plunge below STEEM price.)
Hope this helps give some thoughts to ponder. In case I missed your question, let me know.