Adjusting My Price Feed To -2% - SBD May Cross Below $1
Given the sudden depreciation of BTC, SBD is going down faster than it should. At the moment of writing it was trading at $1, which is a good thing, but the downwards velocity seems a bit too high, and it may go under that. As a witness trying to enforce the SBD peg to $1 worth of STEEM, I decided to adjust my price feed to -2%.
It's the first time in months to have a negative price feed bias (which means I believe less SBD should be printed, basically) after a lot of efforts to reduce the SBD value.
There are still witnesses which are still having a positive bias: @reggaemuffin, @jackmiller, @liberosist (seems to have it at 20%, unusually high for the current situation), @charlieshrem and @guiltyparties.
These are the witnesses with a negative bias: @pharesim, @abit and yours truly.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
Reminder that under $1 is really easy to fix with conversions and they should be used for that :) negative bias is in my opinion not useful in normal situations
I'm back to zero anyway, since SBD jumped back a little, but thanks for the reminder.
Well said @reggaemuffin
Hey, I was wondering if you could add a feature for the rewards calculator on Steem Supply to calculate a 100% power up post compared to the 50/50 default. With the low price SBD now it makes sense again to consider that.
Posts with 100% Power Up appears with 0 USD, because there's no liquid reward to it. Displaying the value in USD of Steem Power will be misleading, because the earliest time to cash out SP is within a week and the price can vary a lot.
There's a footnote in the app:
Thanks, although I meant the new reward calculator. I assume it is not just doubling the SP amount or is it?
Good to see you are making those adjustments , i'm sure we will be the price going up soon
Well the price should always stay around $1 so really only the outside exchanges are causing the price spikes based on speculation and low supply.
Just tried out your steem.supply tool , very useful , I really liked it ! I have added you to my witness vote list. one the witnesses I had, stopped 10 weeks ago.leaving a spot open as well. great reminder to check it out once in a while @dragosroua , thanks !✌👍😀
Thanks @dragosroua for taking the timely action...
I've answered via a comment on your last post on the topic.
We as non top20 witnesses do not influence anything on these values and my values are set at where I personally would like to see them one day.
With one addition & that is that the interest rates be two columns, one for ALL SBD and one for Savings.
However, until then, it is what it is and I stand by my vision as shown in my figures!
It's going to be interesting to see if it can be stabilised. The trend for all coins is downwards for now. I hope the other witnesses will do what they can to support SBD
I was actually pretty surprised to see SBD below $1 tonight. Might be a good time to invest in SBD for some quick gains when it drops below $1!!!
Nice update from you sir,
The sbd to steem ratio is just incredible,
That is the question we all are asking.
Will be looking up for more updates
we hope the price rises soon