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RE: Never Hold on to SBD! They Are Being Devalued At 583.8% Annually (48.65% Per Month).

in #steemit • 7 years ago

Hi @shuvomahfuz

I stumbled across this information when looking at SBD on Crypto Market Cap. Back in December 2017 when the maket capitalization was around 40mil the price was round about $10. Consider again the graph used in the post as seen below.
SBD1.PNG

Today the price at a market capitalization of 40mil is just above $3.
SBD6.PNG

This means that if you bought in on SBD in December 2017 when the market cap was 40mil and the price close to $10 and wanted to sell now at them same market cap you would receive a lot less for your SBD's because of the insane inflation of the coin.

It would have been a lot better to hang on to Steem because the inflation rate is much lower.

7 years ago in #steemit by
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     7 years ago 

    Oh...i see. yeah now i understand the point you are making.

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     7 years ago 

    I think there is a lot of people burning their fingers because they don't know this.

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