Today, i will be talking about why the SDB pump which is currently ongoing and why it is good and both bad for the Platform.
SBD is earned by users from mainly making posts and commenting, usually the price of 1 SBD sits at around 1 dollar, however over the past week the price of SDB has skyrocketed reaching highs of around 18 dollars for unknown reasons.
Currently is the best time for users to make Steemit content as they will be able to cash in and make a killing off of the current price of SBD, the rising price of SDB is an amazing thing for the platform as it gives old and new users an incentive to post , up vote, comment and be more active on Steemit. This will also create more "hype" around the platform as new users will be introduced to Steemit each day through others who perhaps share or talk about the sites on other platforms such as reddit.com or twitter.
However this attention and exposure for the platform can also be a bad thing, as when the SBD pump ends (Which at some point it will) many users may become discouraged and not use or interact with the site as much due to the fact they are not making as much money anymore, users who are also holding SBD will become affected as their SBD will become much less valuable meaning they have lost out on the potential to make a hefty profit.
Please leave your thoughts in the comments about how you feel about the SBD pump and where you see the direction of the platform heading. :)