RE: Payouts Switched To Almost 100% STEEM, As SBD Printing Is Close To Zero Now
But the real question is whether SBD will spike to $10 again?
I think you wanted to say STEEM, not SBD (also in the next paragraph)...
But if you really wanted to say SBD, I think chances to spike again are lower and lower. When it happened, it was because of its very low supply, which was kind of a "low hanging fruit" for speculators. Now the volumes are bigger and it will require more liquidity to pump SBD to those levels.
But given an attractive risk / reward ratio, somebody with deep enough pockets can move SBD in whatever direction he sees fit. Which is true also for the entire market, IMHO.
SBD was created as a stable currency, to encourage e-commerce. Wether or not it will remain in the system, only the system (read: usage) can decide. And yes, if we have consensus, SBD can be eliminated in a hard fork.
I meant SBD. And that spike, mostly from Korea, where they pushed it up to $15. It took forever to come back down to parity with the dollar.
Ok, got it. Same applies.