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RE: Ask Me Anything Contest The Best Questions Win SBD - Dragging You Up With Me Week #7

in #contest • 7 years ago

My question is three fold and revolves round the price of Steem.

  • Do you think the price of Steem/SBD can reach last height around December?

  • Do you think the price of Steem should be fixed on influenced as it is on the low at the moment?

  • Is there any need to have two cryptos or would a single crypto in this case Steem would be sufficient for the blockchain?

Thanks in anticipation of your response.

7 years ago in #contest by
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     7 years ago 
    1. the price will follow btc so yes it will rise again to surpass previous highs but may take much more time as hype has died off for the entire crypto space again.
    2. no I don’t think the Steem price can be influenced much other then further exchange listings thus bringing in more investors, if they decided to peg Steem it would relate to more tokens needing to be created for payouts and current investors would be at a dramatic loss.
    3. sbd I don’t think currently really serves any purpose other then a testing ground for the effects SMT could have on Steem price. As it is having SBD listed in an exchange seems to be a difficult process and we still don’t end up with SBD/Steem trading pairs externally which tells me there are further concerns for the longevity of SBD I am not currently aware of.

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