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RE: Graph to analize total supply of SBD over time with some interesting observations
interesting statistical report on sbd, its hard to believe sbd will get back to the dollar mark unless its forced by some processes to get back, last week when it got down to the $3 mark i thought that was the end of the pump but amazingly it went back up to $7 even surpassing steem that was in the same range as it at that particular time.
SBD is being forced by some processes to get back to $1, but those processes haven't yet been able to do their job, but they are still acting to try and bring SBD back down to $1, and I think they will eventually do it. The inflation of the supply of SBD is the process that will bring SBD down to $1 which is why I wanted to graph the total supply of SBD. When people chose the 50/50 payout, a $1 payout is rewarded with $0.50 worth of Steem and 0.5 SBD, and if SBD were still at $7 that would be $3.50 worth of SBD. With SBD way above $1 everyone should be choosing the 50/50 payout (inflating SBD supply) and also nobody should be converting SBD for $1 worth of Steem (nobody deflating SBD supply) and this acts to increase the total supply of SBD (as seen by the steep slope of SBD supply on the graph) and this inflation of the SBD supply puts a lot of downward pressure on the price of SBD. I think it just a matter of time, but how long is the question.
Speculators have taken over. What we do here will take a long time before it is felt in the market
Great job! I got mine in at 4 last week!