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RE: SBD - Circulation Supply Increase
Really helpful info, make me understand SBD better. Do you know what are the usages of SBD? What drive the demand?
Really helpful info, make me understand SBD better. Do you know what are the usages of SBD? What drive the demand?
Hi @wf9877
If you don't have a lot of Steem available and you have converted it all to Steem Power you can use SBD for bid bots and as far as I am aware that is the best way to spend your SBD. I would however avoid holding on to SBD for to long if the price of the coin is high (US$3 - US$15) because SBD is being printed at a very high rate. This means that if you have SBD in your wallet, it is being devalued at a very high rate and you are losing value.
There is however not a lot of SBD coins in circulation and a small influx into the Steemit ecosystem can lead to a considerable increase in the value of SBD and also have good potential for profit (if you hold SBD).
It is a decision you have to make because you are gambling on the possibility of the Steemit platform drawing more attention whilst your SBDs are devaluing at a very high rate.
Thanks very much!