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RE: Never Hold on to SBD! They Are Being Devalued At 583.8% Annually (48.65% Per Month).

in #steemit6 years ago (edited)

I always enjoy your perspective @vieira.

You bring your explanations back to reality (real life) and it difficult for "educated" people to follow because they were taught that everything fit inside an equation.

One thing that I have realized in debating finance or economics is that there is a lack of words to express ones opinion. This is because the bastards that run the show know that the more you confuse things the easier it is to bullshit people (referring to the people writing the books on fait currency).

The inflation I refer to is purely based on the numbers (excluding) the Steem ecosystem factors. Lets call it Inflation01 (inflation02 being the inflation caused by a lack of interest or decrease of interest in the Steemit platform, hence the demand decreases). I know I did not make this clear enough in my post but I try and keep the posts as short as possible not to boar readers.

This is the reason I mainly looked at the $40mil market cap line for SBD. Only considering this state in the SBD market you will notice that in December last year the price was $10 and currently the price (at the same market cap) is just above $3 (refer to the below images - Coin Market Cap).

SBD Price in December 2017

SBD1.PNG

SBD Price more Recently

SBD6.PNG

As seen in the table below my analysis was done over 125 days and it is important to notice that the market cap is at the same level (lets say that the $40mil market cap is at a specific level of interest in the coin hence inflation02 is the same and not a factor in this calculation).

SBD9.1.png

But it is like @vimukthi says in the comments below. There is not a lot of SBD coins in circulation and a small influx into the Steemit ecosystem can lead to a considerable increase in the value of SBD.

It is however a decision you have to make because you are gambling on the possibility of the Steemit platform exploding whilst your SBDs are devaluing, due to Inflation01, at a very high rate.

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@dpl, how have you managed to see these things? It is beyond me how you sat and wrote this post, I would never have thought of it this way. You and @vieira think an entirely different way to the norm.

Hi @lyfie

There are some interesting books written on how we are taken for a ride with the current fiat currency system (The Creature from Jykyll Island and a few other books) and a lot of videos (especially by Mike Maloney) which explains what to look out for. You can search for Mike Maloney on YouTube, his series of Hidden Secrets of Money is really good (economics 101) and you start to realize that what you are being taught in school and University is a load of horse manure.

I have also gained a unique perspective by reading @vieira posts.

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