@cryptographic thanks for writing this to make me understand about the real value of SBD. The same as you, I did not know it was pedged to the USD in a minimum of 1 USD, and that it had an unlimited (to say it that way), upside potential. This is incredible.
Even if we were not able to know this before, so as to buy and keep more of it, we now know it, and this is just the beginning of the journey. This will be incredible when steem goes above $10, everyone here will be amazed with the power steem has, and those who were early adopters will have the responsability to share the power with good thinking, and to make the good, and to continue improving the blockchain.
There will be more time to buy SBD for a bit less. We need to leave some orders placed and wait.
The other good thing is that on every post made, 57% of the rewards come in SBD, so we will receive SBD as rewards, and you can start keeping it more often.
Great post.
Upvoted. @gold84
I agree that the way things are set up and the current situation are both very positive for STEEM and Steemit, and that people might be marveling at the price sooner than later. I'm very bullish on Steemit. And a little more SBD in my account would be nice too. We might get lucky with a quick pullback spike lower. Who knows. Today we spiked higher again on over $27,000,000 worth of trading volume the last 24 hours. The last time we got a huge spike higher on similarly high volume we saw a 76% retrace afterwards. It could happen again.
@cryptographic I agree with you. The only thing that keeps me thinking about a different situation of retrace is that in this case several things are going on, between those:
1- After Tether situation of unsafety people found the SBD very powerful
2- A Korean exchange connected with a chat platform (probably the biggest I heard) in Korea added the possibility to buy steem directly with fiat currency, and very easy with the chat paltform.
3- There are so many developments going on for Steem, and it was totally undervalued
4- Yesterday it was crazy in blocktivity.com how STEEM had 165,000 more transactions done in comparison with ETH, and even with that STEEM was 99.7% free for more transactions, and ETH with much less transactions, was at full capacity with thousands of undone transfers. Same for BTC. So the migration will come sooner or later. Still some way to come. When wallstreet explodes the BTC market and transactions will be so high in cost and stucked, this will be the end of story for them, and the beginning of wealth for bitshares, steem, eos. I believe this.
Regards, @gold84