Steemit payouts worth 7x as much!!
If you did not notice.. according to coinmarketcap.com Steem Dollars (SBD) are worth over $7 right now!
So if you take a look here..
You will see that I have payouts on 50%/50% and I was paid 4.45 Steem Power and 6.433 Steem Dollars.
Now the Steem Power was still about half of the value of my payout if it was $12.87 USD.. However the other 50% that was the SBD payout was worth over 30 STEEM!
This is because Steem Dollars are always supposed to be worth $1.00 of STEEM.
So if you look at anypayouts on Steemit.. As long as Steem Dollars are at $7 any payouts set at 50% will get SBD worth 7x the USD value if sold at that price!
Conclusion
I have seen a lot of SBD locked up on accounts, and if people are starting notice and sell since it's 7x overvalued.. then we may see a dump soon, but hopefully that value will find it's way into STEEM the cryptocurrency!
Let me know what you think in the comments!
Post - Vote - Earn :D
Disclaimer: I am not an Investment Advisor, and this is not investment advice. This for entertainment purposes only!
Congratulations @stealthtrader! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP