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RE: Simple Analogy and Explaination of the relationship between STEEM, Steem Backed Dollar, and USD

in #steemit7 years ago

I have always been wondering why there is SBD is worth so much more than Steem. Just wondering how much higher will SBD go and when will it be a good time to convert SBD into Steem.

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I wouldn't dare to speculate on the price of sbd. Simply because the market is irrational and any technical analysis on sbd is all nonsense.. Steem dolllar is designed to worth $1.

I rather regret changing to steem before sbd shoots up again that not cashing in on this anomaly before either steem price shoots up or sbd comes down.

Now it seems that Sbd is going down and the price of Steem is going up.