Undervalued Steem Dolars
I don't know how the pricing of steem dolars should work, but I already saw the steem dolar price is undervalued.
It cost now UNDER 0.00127 so this is about 0.82$
20% lower than should be... good time to buy?
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In principle, yes. Now's a good time to buy. But this isn't trading advice! I never give trading advice, because everything you do is entirely at your own risk and you are responsible for understanding the risks. ;)
as always :)
Its hard to say, but a steem dollar is supposed to be worth 1 US dollar so it could be a good idea to get some. I think your most important investment would be to buy Steem coins directly and power up your account so that you will earn more for blogging and upvoting.
The goal is to keep the steamdollar at 1$. THis is obtained by offering people an interest rate for keeping steamdollars in their account.
Originally this interest was 10%, and the idea as that people would want to trade dollars for steamdollars, earn 10%/year. Last week, steamdollars were trading far over 1$. SO perhaps he interest rate was already lowered.
As with all cryptocurrencies, I suppose we will have high volatility, especially in the beginning. If you have faith that the 1SD = 1$ can be maintained in the long run, than Yes, now would be t time to buy :)
I hink it´s time to stay quiet and continuous posting, voting and commenting, and wait that all normalize.
Thanks for pointing this out. After first payouts i know SBD was around 1.30 -1.40 at Poloniex.