Great post - and I like you're compromise! I have been selling all my SBD and powering up but I might start to HODL a bit now.
He got me really excited with his call of $31.45 on SBD. That is 5 times where the present price is.
Just want to add a correction that $31.45 is only about 2.6 times the current price of about $12 / SBD. You were looking at the conversion of SBD to STEEM at approximately 6 to 1 but STEEM is worth closer to $2 now.
Coinmarketcap has SBD at $6.73. There seems to be a great difference between the prices.
Going through the internal market on here, I got just under $7.
I see the pricing on coingecko but dont think we are getting that on here.
Coinmarketcap is excluding bittrex which has around 90% of the total volume of SBD trading. It's thinking it's an "outlier" but really it's the other exchanges that seem to fall in that category when you look at the volume
Also on the internal market you're getting just under 7 STEEM per SBD, not $7 USD - big difference there!
Yes that is what I mean...sorry typo.
I got like 6.98 STEEM
Right so at $1.72 / STEEM that comes to just about exactly $12 / SBD!
Damn long day @yabapmatt
You are correct. So I just got under $12 per SBD. Okay that makes sense since I got 104 STEEM which is about $180....
I use to be good at math too.
Sitting here waiting on my LTC I just bought to add some more STEEM...the "faster" network is at 46 minutes and counting. LOL
Ha no problem - although I'm as happy as everyone else about what's going on with SBDs, I do feel it's overall a bad thing for the Steem platform for precisely this reason.
They exist to make things simpler for people - no conversion math to do, 1 SBD = $1 USD. Without that it defeats the purpose of SBDs entirely.
But I guess I shouldn't look a gift horse in the mouth as the saying goes!
Do you think this is just a pump that someone decided to engage in and they will dump it soon?
Other than that, is there a reason why someone would buy something that is pegged at a $1 and pay $12?
good decision bro taking steem n power up thanks for information lol.