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RE: SBD TA projection for Jan 2018
Since the Steem Backed Dollars (SBDs) are supposed to be pegged at the USD $1.00 dollars, it will be very interesting to see what the powers that are within the Steemit community will decide to do in relation to this incredible price tag that has moved our precious SBD to heights unimaginable so far...
If your prediction is right, we will see some unprecedented events doubling on what we have just witnessed over the passed little while. Thanks for the highly positive analysis and prospect! ;)
Namaste :)
It was a joke. (This is helping SBD correction)
He states that SBD can't fall below 1 Dollar and its no upper limit if there is demand. In my opinion SBD price is only that high because there was a pump of a small market. But my logic says me that 500% inflation will have its effect.
Thanks for the correction you bring to my understanding there by stating that it has no upper limit and can't fall below the USD $1.00... Even more interesting in regards to what has just been posted as an analysis of the SBD pump and its effect on the whole Steemit ecosystem!
Here's a link to my thoughts on it and the whole article, very well written with great concerns for us all here on Steemit.com:
https://steemit.com/steem/@eroche/sbd-what-s-going-on#@eric-boucher/re-eroche-sbd-what-s-going-on-20171229t170554809z
Namaste :)
Here is how the regulation mechanism works as it is for me. https://steemit.com/steem/@sevenseals/why-the-steem-dollar-sbd-will-fall-back-to-1-us-dollar-the-self-regulation-of-the-sbd
Maybe you have seen it already in another comment from me.