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RE: Steem Backed Dollar(SBD/USD) Update 19/12/2017: Going Ballistic,Yeppi!!!!!
Great analysis. However when i joined, 1 sbd was suppose to be the equivalent of 1 usd. And i thought steem should rise since we hold it to power up. So does that mean sbd will come back down maybe 10$ in 1 day. What level do you see strong support now? Would you suvgest to buy sbd instead of steem? I use to give away 15 to 20 sbd a day in contest. I really ahouldve kept some lol. Ill be following and resteeming.
$11-$12 is a supporting level to watch for and as people are backing away from Bitcoin due to its value and wall street hands on it, I think alt digital currency like sbd will gain further. I can't say which one of two(steem or sbd) will gain more in future as markets has a tendency to surprise as everybody was running before steem and market raises sbd value and now everybody is cursing themselves, but that a beauty of market to keep everyone guessing.
I think the sbd will go up more and faster than steem because it is rare and only created by the content through the blockchain. What do you think of that idea?