Steem Nearly Touched $8! - SBD Comeback?

With a new All-Time High of $7.78 we continue the streak of Steem in the first days of 2018. Even though such high price for Steem feels bizarre it is certainly not undeserved. Steem is a power house and will change the world!

We are now in a very forward directed momentum of Steem. For those who are new to the blockchain this will become their status quo. However, the huge gain has come so quickly that our upvote worths are not yet adjusted to the new price. The value of Steem on Steemit is taking the average of the last 3.5 days. Check out SteemNow and click on the Steem price in the top right corner to see the average price chart.

Here comes the cake

In one week your upvotes will be worth more than twice as much as now (assuming Steem stays above $6 until then). So the worth of your wallet as shown on Steemit is also incorrect and way too low right now!

Getting Steem is Becoming Difficult

One unfortunate side-effect of the high Steem price is that it will now be so much more difficult to earn Steem. Don't get me wrong, we still all get our weekly payouts and nothing has changed there. Except for the amount of Steem we will receive at the end of the week. That always depends on the current market price unlike SBD which is always distributed as if it would still be worth $1 USD.

However, there is still hope to get some Steem to a great price: Some believe that SBD will increase rather dramatically based on market prediction methods. From what we see how stable SBD hovers between $7-10 during the past few weeks I think they are on to something.

Here is a chart by @ew-and-patterns (Post Link) where the next target is $37 for SBD. These things are of course no sightseeing and should be handled with care. We will see what happens. This is enfolding during the cause of January - or not.

SBD to Steem Ratio

No matter how high the prices of Steem and SBD might rise, if you want to get more Steem power it all comes down to the ratio of how you can exchange SBD into Steem. Thanks to the high SBD price we can exchange it into Steem for a current ratio of 1.4 Steem per SBD. A few weeks ago the ratio was over 1:5. And a few weeks before that the ratio was more or less 1:1. So you see there is a huge difference in the amount of Steem you can aquire depending on how high SBD is.

So the hope is now that SBD is growing much faster than Steem and hence creates a much better ratio again. I am counting on a 1:3 ratio and better again and I will hold my SBD for a week or more to see if we can achieve that.