SBD-Steem dollar loosing its value in amazing speed. Someone wanted it to get back to its original $1 value this is happening.

in #steem7 years ago (edited)

Why is this a problem?

Steemit believes SBD is a price stable asset. When your post says you're earning $100, it actually means you're earning 100 SBD. This is quite confusing when you find out you're getting 150 USD. It's at least a lot better than it saying $100 and you get $50 USD.
One benefit of SBD over other altcoins, was the price stability. I found it extremely convenient to bill my customers in SBD, as it was usually 1:1 to USD. Sadly it's not now, and I have to use Steem Value every time I bill someone by hand.
Without the stability, businesses are more likely to use payment gateways, rather than hold SBD, as they fear that they may lose money due to price flux.

Screenshot - 22_06_2017 , 12_50_06.png

In the current graph you can see steem dollar is going down repeatedly and going back to where it should be at $1 value.
This only my prediction that it will get back to$1 eventually.If you do hold some steem dollars its completely up to you do you want to sell the now while they still worth more, or wait and see whats going to happen.

DQmfQDbXPbsV73NU4DGd5ZbNGjbPNy2e4NU3apjD5Lcipgf_1680x8400.jpg

Sort:  

Thank you for the info @deividas, I did not notice it, good job and nice post :) resteeming.

Some good information and advice - much appreciated

Drawback of hardfork? If it looses more value this will have a negative effect on the steem community. However we need to give it some time for things to settle.

it will come back soon for sure so dont worry steamians..

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.029
BTC 63209.23
ETH 3482.75
USDT 1.00
SBD 2.53