Concerning the time, sry I cut that off. It is a 1hour chart on Bittrex.
The volume is useless in SBD unless there is a huge spike. We are on very thin volume for 7 months now.
The main differences are perceived value and total coin supply.
SBD has only 15M coins in existence while STEEM has 271M coins. If there are less coins, it is much easier to pump the price in a very short amount of time.
So my prediction is that when the time comes that BTC rises 3000$ in one day, SBD would probably increase much faster in value than STEEM because of the small supply.
But the perceived value of SBD is lower than the perceived value of STEEM because people still believe that it is pegged, but it is not. Dan confirmed this 6 months ago.
I think STEEM will rise the most when SBD is pumped and worth 2-4x of STEEM. That's a fair marketvalue because SBD is scarce. Maybe you noticed that a lot less SBD is printed at the moment. Why? Because witnesses messed this up. This is designed as a safety mechanism to prevent them from printing too much debt. (SBD is debt for 1$ worth of STEEM) So we are running on sefety mechanism for a month now, which makes SBD even more scarce because less is printed...
Concerning the time, sry I cut that off. It is a 1hour chart on Bittrex.
The volume is useless in SBD unless there is a huge spike. We are on very thin volume for 7 months now.
I am curious on your thoughts on difference between SBD and Steem? I own no SBD only Steem.. Steem seems perhaps more valuable for future?..
The main differences are perceived value and total coin supply.
SBD has only 15M coins in existence while STEEM has 271M coins. If there are less coins, it is much easier to pump the price in a very short amount of time.
So my prediction is that when the time comes that BTC rises 3000$ in one day, SBD would probably increase much faster in value than STEEM because of the small supply.
But the perceived value of SBD is lower than the perceived value of STEEM because people still believe that it is pegged, but it is not. Dan confirmed this 6 months ago.
I think STEEM will rise the most when SBD is pumped and worth 2-4x of STEEM. That's a fair marketvalue because SBD is scarce. Maybe you noticed that a lot less SBD is printed at the moment. Why? Because witnesses messed this up. This is designed as a safety mechanism to prevent them from printing too much debt. (SBD is debt for 1$ worth of STEEM) So we are running on sefety mechanism for a month now, which makes SBD even more scarce because less is printed...
Interesting indeed, thanks ever so much for the explaination.
So you would have invested in SBD as well I trust.
Also apparently Dan Larimer has made mention of a Steem 2.0 and BTS 2.0, if you know anything?
I don’t know if this means different tokens or just upgrades to the networks..
Havent heard about it. Ill check for recent interviews tomorrow.
Yes, I have a lot of SBD. But I don't recommend it for everyone. It is risky and you have to be willing to HODL no matter what.
I saw it at the link below, you never know if true or not of course.. 🤔
However if there is going to be Steem 2.0 & BTS 2.0 tokens, I want them lol
https://steemit.com/eos/@barrydutton/breaking-dan-larimer-in-telegram-bitshares-decentralized-exchange-2-0-will-likely-be-here-before-steemit-2-0-or-screenshot
Sounds good and also scary. This will not be good for the price of STEEM if there are new 2.0 tokens introduced...
I agree, so I hope not...