Interplay of Steem / USD, SBD / USD and Steem / SBD (Steem三种价格如何相互影响)

in #steem3 years ago

Daily Prices of Steem / USD, SBD / USD, and Steem / SBD


I can not find a chart with all three prices on internet, so I decided to plot them myself. Steem / USD price is from yahoo finance, Steem / SBD is from internal market via steempy and SBD / USD is calculated from the other two prices. Here Steem / USD means how much USD 1 Steem worth, the same for the other two symbols.


Screen Shot 2018-05-03 at 6.19.41 PM.png

Three Sections

In my naive analysis, I will divide the prices into three distinct sections as shown with the two dash lines. I will try to proposal some explanations of the price interactions in these regions.


Screen Shot 2018-05-03 at 6.23.30 PM.png

Fooled by The White Paper: beginning - Sep 2016

被白皮书迷惑:开始 - 2016年九月

In the first half year, market participants did not know how to price SBD, so they relied on the definition from the white paper, where it dictates SBD as "A stable cryptocurrency pegged to the U.S. dollar." and promised SBD could be redeemed for 1 USD in the future. Traders made markets for Steem / SBD around 1 USD, as a results, Steem / USD and SBD / USD have the similar prices.


Screen Shot 2018-05-03 at 6.24.56 PM.png

SBD Bottom Protection In Action: Sep 2016 - Nov 2017

SBD触底价格保护机制启动:2016年9月 = 2017年11月

During these 14 months, Steem / USD dropped below 1 USD or around 1 USD. The protection mechanism of SBD kicked in, SBD starts paying interests (my guess, I didn't know for sure). Since you can always convert SBD back to one dollar worth of Steem on blockchain, SBD was fixed around 1 USD.

Screen Shot 2018-05-03 at 6.25.52 PM.png

SBD Is Better: Nov 2017 - now

SBD更好:2017年十一月 - 现在

Now, most people realized that SBD has a smaller market cap (max supply = 10% Steem) and a safe bottom at 1 USD, while at the same time it could grow its value based on the impact of steem community and enjoyed the same free transaction fees. It's a better choice for holding liquid asset comparing to Steem. In this period of time, SBD / USD is trading higher than or around the same price as Steem / USD. As a results, Steem / SBD is fluctuating around 1 or below.


Disclaimer: These are very naive analysis from a person without any track records. Please make you own judgement and don't invest based on this article.



This post, with over $50.00 in bidbot payouts, has received votes from the following:

promobot payout in the amount of $41 STU, $86 USD.
rocky1 payout in the amount of $25 STU, $53 USD.
therising payout in the amount of $21 STU, $43 USD.
upme payout in the amount of $21 STU, $45 USD.
estabond payout in the amount of $11 STU, $23 USD.

For a total calculated bidbot upvote value of $118 STU, $249 USD before curation, with approx. $30 USD curation being earned by the bidbots.

This information is being presented in the interest of transparency on our platform @trisolaran and is by no means a judgement of your work.

great post, steemits internal market lacks detailed information, wouldn't it be better if they had charts like yours..

I was just looking at your posts, awesome work. Love the fact you can post in two languages. I am running an experiment here on steemit with the aim of improving retention and the steemit experience and after looking at your account I think it is something you might enjoy. come on over and join in on the discussion