You are viewing a single comment's thread from:

RE: Are you converting your SBD?

in #sbd • 6 years ago

How low will steem have to get until we exceed 10% debt?

Also, I know you’re not a financial expert, but where do you think we’re gonna see a bottom?

Market looks like it’s been cut deep

Posted using Partiko iOS

6 years ago in #sbd by
$0.00
    Reply 2
    Sort:  
  • Trending
    • [-]
     6 years ago 

    How low will steem have to get until we exceed 10% debt?
    Last I checked we getting pretty close.

    where do you think we’re gonna see a bottom?

    No idea what so ever. I can tell you what I hope, but I can't even remotely guess what it will be.

    The fact it is happening to other coins (namely BTC) is a big reassurance.

    [-]
     6 years ago (edited)

    It is right around 50c, and STEEM is already below that. There is a delay built into the system so the effect of the 9% and 10% rules won't kick in right away. Another factor is that SBD conversions reduce the amount of SBD and therefore reduce the price necessary to hit 9% or 10%. If STEEM recovers quickly they may never kick in. We'll have to see how it plays out.

    $0.00
      Reply