You are viewing a single comment's thread from:
RE: Vlog 224: The results of a high SBD price. A personal view.
Yeah obviously. Just like any Company's share having face value as $1 but may have worth of $15 in exchange.
@exyle, I didn't understand one thing and I'll appreciate if you explain the reason behind it. On steemit platform we earn SBDs on our posts but why total amount of SBD's increase/decrease with the increase/decrease in it's worth in USD.
Like if my post earned 10 SBD and that time 1SBD=4$, if SBD falls to 3.5$, value shown on my post will decline to 9.5 SBD for example. What is the reason of this dual impact?
sbd shot to like 17 bucks last dec...
The payout is calculated with a 3.5 day average of the STEEM price. So when the STEEM price goes up you will see your payout increase and vice versa. The price of the SBD has nothing to do with it.
Oh. Like how our account value is shown in our wallets, on average.
Thanks for your response Bro :)
that'ts cool
You should check out Elliot Waves analysis SBD on tradingview. SBD to the moon! 🚀
@exyle do you think the creation of more SBD is related to the inflow of newbies to the platform?
Thanks for the explanation. I’ve been trying to find more info on how to best build my SP, support the platform, and create a nice passive income for myself. Any advice will help...
No, as he explains it's related to the average price of steem over a few days. The more steem is worth the more SBD's get created at time of payout.
The average price of steem has to be effected by the number of new people demanding steem... so that’s why I asked the question...
Well, as things are right now the majority of the demand for steem comes from traders on one exchange, and I have my own ideas on that as do others. Nothing wrong with asking questions, sorry if I sounded dismissive or insulting.
I do agree with you