Yes its true and only a handfull of companies survived the rest vanished. Any company that added (.COM) at the end of there name rised with the marker and then crashed.
STEEM only needs to go to 40 cents to restore the peg at $1. This price declines steadily as SBD is converted and its supply declines. Over the past several days this peg-to-$1 price has dropped from 41.5 cents to 40 cents.
Mine was an estimate. In order to make sure I was correct, I overstated a little. But I doubt 40 cents will restore the peg if the current sell pressure of SBD continues. I would say it's in the range of 50 - 60c.
Also, it isn't quite mathematical. It depends on SBD buy / sell pressure as well.
40 cent STEEM will restore the ability to convert SBD into "about $1" of STEEM (instead of about 58 cents currently). As for market price you are correct that is subject to market forces.
It will go back to 1$ if Steem price rebounds to 60 cents or above.
Maybe in 2 to 3 years from now if steemit still exists
Should we wait?
Its up to you to decide. I think that cryptocurrency is dead and that it was the biggest fraud in history.
We live in a fraud
The internet died in 1998 when the dot.com bubble burst too. This is not different to the shakedowns in 98 or 92.
Yes its true and only a handfull of companies survived the rest vanished. Any company that added (.COM) at the end of there name rised with the marker and then crashed.
I wouldn't say it was a handful. You have to consider the state Apple got thrown into - it was close to dying.
STEEM only needs to go to 40 cents to restore the peg at $1. This price declines steadily as SBD is converted and its supply declines. Over the past several days this peg-to-$1 price has dropped from 41.5 cents to 40 cents.
Mine was an estimate. In order to make sure I was correct, I overstated a little. But I doubt 40 cents will restore the peg if the current sell pressure of SBD continues. I would say it's in the range of 50 - 60c.
Also, it isn't quite mathematical. It depends on SBD buy / sell pressure as well.
40 cent STEEM will restore the ability to convert SBD into "about $1" of STEEM (instead of about 58 cents currently). As for market price you are correct that is subject to market forces.
Glad to hear this.
0.401 cents ... SBD is doing just fine, as it was designed.