Why SBD might be worth a punt these days

in #steemit7 years ago

Fundamentally, I clearly prefer Steem over Steem Backed Dollars. I think that Steem is heavily undervalued and that the network will continue to grow - and with it the Steem price.

Nonetheless, crypto currency markets are more volatile these days than ever before and in the short term I have no clue if the markets will continue to tank. This is why I think that Steam Backed Dollar (SBD) might be worth a short term punt. Here is why:

  1. I think that the development of Smart Media Tokens will be a great value driver for the Steem blockchain. I have no idea when they will become available, but if they do, ICOs will be possible on the Steem blockchain. And to participate in the ICOs you will need to pay in Steem - or in SBD. Seeing that the currency most used for up vote bots is SBD I think it will most likely become the preferred options for ICOs.

  2. SBD is meant to be worth 1 USD. While this is still some way to go down, I think the downside might be lower in the short term than for SBDs.

  3. Upvote bots have become the quasi necessity to show up on the trending pages. For this people prefer to use SBD. Given that they tend to gain in importance I think that the SBD has a strong utility.

All just my personal view, no investment advice...

Good luck to you all with your investments!

rondras

Previous posts:

https://steemit.com/bitcoin/@rondras/why-being-a-psychopath-helps-to-become-rich-when-investing-in-cryptocurrencies

https://steemit.com/steemit/@rondras/why-i-love-steemit-and-still-think-it-needs-to-be-changed-radically

https://steemit.com/life/@rondras/the-5-2-fast-diet-a-self-experiment

Sort:  

You got a 8.83% upvote from @brandonfrye courtesy of @nicestbot!

Want to promote your posts too? Send a minimum of .10 SBD or Steem to @brandonfrye with link in the memo for an upvote on your post. You can also delegate to our service for daily passive earnings which helps to support the @minnowfund initiative. Learn more here

You got a 10.70% upvote from @thebot courtesy of @nicestbot!
Please delegate us Steem Power & get 97% daily rewards share!
20 SP, 50, 75, 100, 150, 200, 300, 500, 1000 or Fill in any amount of SP.
Click For details | Discord server

This post has received a 4.58 % upvote from @boomerang.

You got upvoted from @adriatik bot! Thank you to you for using our service. We really hope this will hope to promote your quality content!

You got a 1.31% upvote from @emperorofnaps courtesy of @nicestbot!

Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!

Congratulations, your post received 15.73% up vote form @spydo courtesy of @nicestbot! I hope, my gratitude will help you getting more visibility.
You can also earn by making delegation. Click here to delegate to @spydo and earn 95% daily reward payout! Follow this link to know more about delegation benefits.

You got a 3.35% upvote from @upmewhale courtesy of @nicestbot!

Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!

This post has received a 8.13% upvote from @msp-bidbot thanks to: @nicestbot. Delegate SP to this public bot and get paid daily: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP Don't delegate so much that you have less than 50SP left on your account.

You got a 2.09% upvote from @postpromoter courtesy of @nicestbot!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

Release the Kraken! You got a 12.23% upvote from @seakraken courtesy of @nicestbot!

This post has received a 31.25% upvote from thanks to: @nicestbot.
For more information, click here!!!!

Try the new Minnowhelper Bots for more information here

Do you know, you can also earn passive income after every bidding round simply by delegating your Steem Power to @minnowhelper?
you can delegate by clicking following links: 10 SP, 100 SP, 500 SP, 1000 SP or Another amount

Help support @minnowhelper and the bot tracker by voting for @yabapmatt for Steem witness! To vote, click the button below or go to https://steemit.com/~witnesses and find @yabapmatt in the list and click the upvote icon. Thank you.

Voting for @yabapmatt

You got a 4.94% upvote from @brupvoter courtesy of @nicestbot!

You got a 5.86% upvote from @minnowvotes courtesy of @nicestbot!

You got a 14.83% upvote and resteem from @ebargains courtesy of @nicestbot. Thank you for using the @ebargains UPVOTE and RESTEEM service.

If you are looking to earn a passive no hassle return on your Steem Power, delegate your SP to @ebargains by clicking on one of the ready to delegate links:
50SP | 100SP | 250SP | 500SP | 1000SP | 5000SP | Custom Amount

You will earn 80% of the voting service's earnings based on your delegated SP's prorated share of the service's SP pool daily! That is up to 38.5% APR! You can also undelegate at anytime.

This post has received a 23.81% upvote from @aksdwi thanks to: @nicestbot.

You got a 40.05% upvote and resteem from @estream.studios courtesy of @nicestbot. Thank you for using the @estream.studios UPVOTE and RESTEEM service.

If you are looking to earn a passive no hassle return on your Steem Power, delegate your SP to @estream.studios by clicking on one of the ready to delegate links:
50SP | 100SP | 250SP | 500SP | 1000SP | 5000SP | Custom Amount

You will earn 80% of the voting service's earnings based on your delegated SP's prorated share of the service's SP pool daily! That is up to 38.5% APR! You can also undelegate at anytime.

You got a 6.57% upvote from @dailyupvotes courtesy of @nicestbot!

Please upvote this comment to support the service.

Nice...

@enyinugget.jpg

Leaving comments asking for votes, follows, or other self promotional messages could be seen as spam.

Your Reputation Could be a Tasty Snack with the Wrong Comment!

Thank You! ⚜