Hello All Dear Steemit Friends,
Guys right after the huge spike in the price of Sbd i seen a unimaginable sell orders of Steem Dollars on Steemit and suddenly no one wants to convert their Steem-Dollars for steem/steempower and at that time we are getting around 6-7 Steem per Steem-Dollars but no one cares about steempower because Sbd giving them $14-15 per Sbd they have but they really missed that opportunity because of the temptation of cashing out at a higher rate,
And right after that golden chance many people seen that steem jumped from below $1 to above it's all time high $8 and at that time many people regret that if they convert their SBD into Steem recently then they can earn 8x more as compared to their previous cashout,but now they cannot do anything for that,
And currently we are getting (1 Sbd = 1.21 Steem) and that is a really rate for converting your Sbd into Steem but i know many of you are thinking that you are going to convert your Sbd into Steem when the price of Sbd again rise around $15 or more but my friend i want to make a thing clear that The price of Sbd was created to always stay around $1 because they want to give it a value of real $1 but because of unpredictable amount of Bitcoins throw into it the price go that much high but don't think that this situation is going to continue forever because as soon as those Bitcoins take out from it the price going to be again $1 because of the preset codes.
But this situation is not applicable for Steem because it has a Total Supply and a real demand in the market so that's why people are investing into steem more as compared to SBD and many of us already have Steem in form of our steempower so people are not selling their steem and instead of selling they are collecting more and more for increasing their influence and earning Self-Upvoting rewards,
So that wil make the Supply less because their are a lot people who wants to buy but only a few of us willing to sell and the token is not going back to market so that will make the demand more higher and supply less,so it is a biggest reason that we are going to see a huge price increase in Steem in near future.
So that's why iam advising you to accumulate as much steempower as you can because currently you can convert your Sbd into Steem at a very good rate,so don't miss this chance and try to make your strategies for future because Cryptocurrencies are only give profits to them who believe in their future not in their present value.
So guys what are your opinions about this topic please share with me in the comments below.
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I think what you have typed and posted is valuable. At a point d price for SBD keeps reducing and if one can accumulate steem power for himself/herself it will be of good to oneself instead of striving for steem dollar
Yes, you got my point @estheria and that's why we have to stop thinking about money and start accumulating more steempower.
But how possible is it or is there a way it can be converted because my friend told me of someone that converted his SBD to steem power
You first need to buy Steem from your Steem-Dollars and then you can simply go to your wallet section in Steemit and powerup those steem in your steempower.
I want to know why the price hasn't corrected back down yet and it is still much higher than STEEM. Although it has a lower total supply shouldn't it have a lower price inherently as you have mentioned?
A lower Supply means a little amount can make the price move and the investors didn't cashout their Bitcoins yet that's why it's holding on that price but as soon as btc rise again those investors possibly withdraw their btc from sbd and then we are going to see a huge price down.