RE: Steem Dollars (SBD) Trendline Breakout?
The value of Steem Dollars on the market is one that confuses me to no end. Not that they have value because SBD can be used to acquire Steem. What I struggle with is how SBD can have a higher value than Steem. To me Steem is the token that drives the entire Steem blockchain and that all as we know it is run on. SBD although used as rewards and and payouts doesn't seem to have any other real function. Its most true value comes when converted to Steem and then ultimately powered up. However, we have been seeing SBD out perform Steem on the market for quite some time. Now, for me I see this as a fantastic thing. This has created an incredible buying opportunity for Steem. We are all getting great value on our conversions right now as I personally see Steem being the higher value currency in the long term.