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RE: Never Hold on to SBD! They Are Being Devalued At 583.8% Annually (48.65% Per Month).
That's a crazy information. Since steem price is increasing, sbd should too. Holding them will give us equal result i believe. Yes, now SBD is high it should run around 1, that does not mean it will go back its original form. market demand and supply also will be considered. The demand of SBD is also growing, so the rate. It looks to me normal. ( just my own opinion)
Hi @shuvomahfuz
I stumbled across this information when looking at SBD on Crypto Market Cap. Back in December 2017 when the maket capitalization was around 40mil the price was round about $10. Consider again the graph used in the post as seen below.
Today the price at a market capitalization of 40mil is just above $3.
This means that if you bought in on SBD in December 2017 when the market cap was 40mil and the price close to $10 and wanted to sell now at them same market cap you would receive a lot less for your SBD's because of the insane inflation of the coin.
It would have been a lot better to hang on to Steem because the inflation rate is much lower.
Oh...i see. yeah now i understand the point you are making.
I think there is a lot of people burning their fingers because they don't know this.
Good point, @shuvomahfuz, but I can tell you after powering down for the last month that every week SBD has been steadily going down against steem; or maybe more correctly steem is outpacing SBD a lot. So while I'm sure hope you are right, given it does make sense, the market seems to be showing people don't want SBD for whatever reason.
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