With more users on Steemit price of SBD will go up for sure. I think that number of 334k users is wrong.I have read that January 2018 was best month ever and that now there is more than 500k users. Thees numbers are still very low and I am sure that Steemit will have more than 100M users in future. Whith 100M users SBD price will be much higher...
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Yeah and the rate of growth will increase as friends bring more friends (network effect). but 500k users is extremely good growth if it was just 330k a month or so ago. Do you remember where you read this?
I wonder if it would make more sense to just convert SBD into STEEM and power up immediately. The price of STEEM tends to follow the price of SBD and powering up helps you earn rewards on the platform. Earning rewards may become more difficult as the number of users increases.
You are right. Only thing is that then you can not use your steem if you want to withdraw it immediately otherwise powering up is the best thing.
That way you are supporting the platform and other users and in return community supports you.
yes i bought in at $5 myself im sure as money comes back to market some will make its way to steem and drive up the price soon !
Bittrex may open new users very soon which could really help STEEM and other alts.
Im a noob here but i just posted about it
Oh, don't worry. Just HODl lol. We will see good days.
Yes, that's true but SBD's price will only be higher if witnesses will not control it or bring back to equal to $.