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RE: I Believe Steem Will Hit $50 This Year
That's a very bullish call certainly can't go against you, what would be the price of SBD when Steem hits that price?
It would really be some good time with that price
It would be incredible if SBD is allowed to trade freely on the markets and the hard fork change does not go into effect. That may happen for a couple more months yet, but I don’t see that continuing much longer than the Summer to early fall - we need a stable currency to appeal to businesses.
Seems like more folks are calling for lower SBD...closer to the peg.
Yes, I am hearing that a lot. Probably be a few more months till it happens.
I think you are on the right track here Lydon. As far as the SBD peg is concerned correct me if I am wrong but parity with $1 for steem/sbd was that it will not be allowed to fall below $1 within a few cents That is what made it a such good investment. You could not lose your initial capital.
There was no mention in the white paper about upper price positions as far as I recall?
The market would decide and it is doing just that.
We all know that steem is way undervalued. Good projection @lydon.sipe
Great point @molometer. The original intent of keeping the SBD price within a few cents of $1 worked well. The white paper does not say anything about prices over $1, and the market has responded to the limited supply. We’ll have to wait and see what the market and the community decide for the future.
Well in view of the limited supply of SBD we have an interesting few months ahead :) The community must decide of course but hopefully we will have an equal say as the whales. Not holding my breath but why wouldn't they encourage growth? Tip!
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That's a good point, from the stand point, I rather see SBD free and let the market determine its value, I believe the spike also help maintain the price of Steem as people would more readily hold unto Steem rather than sell, as for traders, its also good speculative instrument, even now I don't mind buying and speculating on it, so its a win win game for everyone, eventually it would plateau as the market has been flooded with SBD over the last couple weeks...The free market always find a balance, let things be dynamic