Haha, a very long time. If it is SBD that you want to turn into fiat, then it may never get there as SBD is a pegged currency. It could be a safe place to store value if the market continues to drop.
You are viewing a single comment's thread from:
Haha, a very long time. If it is SBD that you want to turn into fiat, then it may never get there as SBD is a pegged currency. It could be a safe place to store value if the market continues to drop.
if im righy, SBD is dependent on the value of steem. well, my rewards are distributed equally between SBD/SP/STEEM, so all are accumulating simultaneously. I believe I will grow with time
SBD is influenced by the cryptocurrency market and particularly Bitcoin. There is no upper limit on price, but there is a lower limit on price. The value can go up, but not down below $1.00 unless something catastrophic happens. There are mechanisms that drive the price down to $1.00, but market influence overwhelms those mechanisms. When Steemit gets large enough, market influence on SBD price will be less.
I always try to tell people SBD is a good place to store value but my friends give me crazy looks. SBD is more likely to triple compared to a lot of other coins in the market
that's interesting. thanks for the insight.
Sbd is suppose to be pegged at $1 usd. If u are waiting for it to get to $100 usd u will literally wait forever.. steem will be at $100 usd infinitely sooner than sbd so u should exchange all of ur sbd to steem right now while it is so close to a 1 to 1 trade.. steem is the future, sbd is nothing.. read the white paper, it will shed light on this for u.. it explajns everything..
Holding SBD can be dangerous. It can also be smart if you know what you are doing. There are some whales and orcas that are holding large amounts of SBD. They are doing that for a reason. Presumably using SBD as a hedge.
I agree for whales an orchas who have a large amount of sp it is a smart thing to do.. however for a newbs on steemit tho, not so smart.. SP is much more important than trying to hedge sbd for the future.. they should exchange it at this good rate and power up.. :)
actually what I meant was that i am waiting for my rewards to accurate up to 100SBD before I convert it fiat money because I want to use it to get a phone, and not for the value of SBD to reach $100
Ohhh, well that makes sense then.. i hope u reach ur goal soon :)
thank you. I hope so too.