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RE: Steemit Is The Most Undervalued Platform On The Blockchain
Yes i agree, and with SBD at $10, it will attract more people to gain steem power and increase the value of steem also. But there could be a downside, because it's free entry to the crypto, many people do not invest anything to buy steem, and just uploading contents to earn steem, therefore more money going out than going in
It's true a lot of people take SBD out of Steemit, but there are a lot of people that dump a couple grand when they start to get a jump start. I can name at least 5 personally that have done that. If SBD keeps going up then people will invest more in SP and STEEM to be able to get more rewards. It is concerning to some degree, but also expected. I hope it doesn't see enough flow out that the flow in is damaged. Thanks for the great reply.
Maybe someone is pumping sbd prices to 10 dollars to attract more people. In order to earn sbd you need steem power. So it might work well and increase steem price
I was thinking something like that. I was also thinking of people pumping the price before the Vice Fork. I have not heard much, but we are supposed to get an airdrop if vice forks.