First off, your idea has merit, it was well thought out.

Whether it will work remains to be seen, but it's worth giving a try based on the current state of the markets. I bought a couple hundred Steem back when it was .11 a share, and have been amazed at the fast growth recently. I agree with Hive account@steemquestions that the SBD price has been driven by the recent resurgence of Steem. But I also agree that the SBD increase defeats the purpose the currency was created for, and creates an opportunity for a pump and dump, especially on Bittrex.