I said it was gonna go higher, perhaps to $17, and set the timeline for 1-2 years... at this rate I might have to readjust targets.
Should we be trading this like usual or are all bets off? At least relabel it as a semi-pegged currency.
I said it was gonna go higher, perhaps to $17, and set the timeline for 1-2 years... at this rate I might have to readjust targets.
Should we be trading this like usual or are all bets off? At least relabel it as a semi-pegged currency.
All bets are off. There is nothing magical that is going to happen to bring sbd down.
All bets are on! There's magic, it's just too powerful to use yet.
In fine either way, I'm not aware of a plan to change anything? Do you know of one?
Also Dan Larimer is not working on Steem anymore
Of course, we know that, but he knows the system design inside out.
And he's still active posting.
SBD is pumped by dumb money.
Some of the funds are invested in everything as it flies, because there is no time to check what is what.
Enjoy!
100% Although if it will continue to rise over time, which theoretically it could, who's dumb then? The STEEM investors that never got to see as steep of a price rise. And when it experiences volatility to the downside, the users looking for a dollar pegged asset.
the whole steemit ecosystem (should) generate sale pressure.
However I think that it would be useful to reduce the settlement period from 3.5 to 1 day like bitUSD in #Bitshares. People are impatient and that is why they are sometimes able to pay for something more than it is worth.
It does look like the BitUSD is working a whole lot better than the SBD... What is the difference exactly? Only that?
and this:
I watched that now. What creates more sell pressure though, is that simply due to the settlements being more frequent?
SBD is being pumped right now. The price will come back down, but i think it is going to go up a lot higher before it falls, so it's really just about selling as high as you can while you have the opportunity to do so.
I think so as well, but this ruins the concept of SBD being a more stable dollar pegged currency than STEEM and will leave us with less interest in our main currency.
The original creator of Steemit has said that he does not plan to do anything about the value of SBD. He is fine with it going up will do nothing about it.
Link?
look whos up 😄
Hey Nyl :D I need to revisit your blog! It's been such a long time. How are you and the family?
Doing good! Hope you're doing great too 😀