Since a while now the price difference between Steem Backed Dollars [SBD] and Steem [STEEM] is increasing. I can remember, back when I started here on Steemit the ratio was about 0.8 (meaning 1 SBD would get you 1.25 STEEM). Checking the trading reveals an even smaller difference in the past (before I joined Steemit). Since then the ratio has increased, at the moment it is 1.4 (meaning 1 SBD would get you only 0.715 STEEM now).
A few days ago I decided to do some research on why this ratio is changing that much. In my research I found out about the @burnpost account and its vision (trying to pressure the price of SBD to or below $1 USD by downward price pressure on the market by selling all SBD earned by their daily burnpost (at the moment around $500-600 displayed post value each post).
A few weeks back Steemit introduced liquid Steem [STEEM] payouts to decrease the circulating Steem Backed Dollars [SBD]. Didn't followed this much but seems like the circulation supply was reduced since liquid Steem [STEEM] payouts seemed to have stopped one or two weeks after the introduction.
The chart above shows the current market price ratio between Steem Backed Dollars [SBD] and Steem [STEEM], currently at around 1.4.
- With the resent downtrend I would love to start a discussion on if there will be another SBD-Run or not?
- I also would like to know what you guys are doing with your Steem Backed Dollars [SBD] at the moment? Do you save some for a potential SBD-Run?
On this occasion I thought It would be great to try our @steem-bounty for the first time and I decided to add a 1 SBD Bounty on this post (later added another 1 SBD curtesy of @knircky) to further reward good comments.