It's been a time that I have written any blog but I have been active on steemit by reading the interesting blogs on steemit. As you all know SBD is booming, nobody(at least us) knows the behind it; maybe a rich newbie investor or something big. But the huge hike in SBD prices not only has tangible benefits but also amazing intangible benefits :
1. Attraction:
Well, who doesn't want to be a rich guy? we all want the same. A lot of people lately are looking into steemit and thinking of starting their own blog because of huge tangible benefits as 1 SBD ~ 10$ which is huge considering the payout of the post. It is greatly helping in the marketing of STEEMIT.
2. Constant STEEM Prices:
Because of rise of SBD I have felt that the steemit prices are near constant (oscillating in between 1.5$ - 2$) which is a good thing; helping the minnows to keep their upvote constant. Constantly improvement is necessary but before that we first need to reach a certain constant state so that we and everybody else could be consistent.
3. Reduction in UPVOTE Purchase: Buying upvotes on STEEMIT was pretty easy (just transfer the SBDs to the whales or the communities like minnowbooster) but now with hike in the SBD prices it has nearly stopped. I don't know if it's a good thing or a bad thing but it just feels good to have the same payment without buying any upvotes. It definitely help the platform to gain stability.
NOTE: There is a very probable chances of STEEM going boom like SBD because of the fact that a lot of people tends to buy steem in a conventional way i.e Buying SBD to buy STEEM. In its whitepaper, it is written that SBD is made in a way to have a approximate value of a USD to help the audience keep track of their payouts.
WHAT is coming NEXT? Comments below to share your views.
Yea ... You are so right... I hope this hike would be steady for a while.
yes!
(y)
Thanks @funnyman
Thank you :)