Hi fellow steemians
Today I wanted to talk about one of my last in time loves in the cryptoworld. I suppose we all have since we started in this new world, a first love (in my case EOS), a friend-zoned one (Bitcoin for me) and then the mistress (lol) which for me is #Steem and therefore Steem Backed Dollars or #SBD. Well for me my mistress seems to take the main seat and I will tell you why.
As steemians we all care about our profits coming out of the platform but for many SBD is not an investment at its own or we can not look at it objectively as something separate from what we do over here. Well my friend, you should and I will tell you why.
1. Steem as a Blockchain Protocol
Everything we do, likes, upvotes, follows, comments or posts, etc. stay forever recorded in the blockchain as you may already know. This radical new way of conceiving human comunication is giving slowly its profit to everybody which uses. If Steem will be in the future a new reddit, instagram or snapchat (ewwww) is to be seen, but the amount of users is growing exponentially each day.
More users means more transactions, and more SBD generated, there is no future for this new technology (#Blockchain) or currency (#SBD) if users do not adopt it or transact with it. For Steem this is not a problem, check the image below (thanks to 
We see that the platform is by yesterday a 300K active users platform, with above 600K total users, counting those inactive (who by next time they check a price chart will turn active probably). All those 300K are active this means transacting and adding information to the Blockchain. This takes me to the next point, USAGE.
2. Steem Protocol Usage
A healthy protocol needs of a lot of active users, and to carry all those activities recording them real time, saving the information and at the same time transmitting it effectively, plus making transactions, you need a super Protocol, not like the one BTC has with 300K backlogged transactions and huge fees.
Well, #Steem may be called a savior and the next supercrypto or superblock, according to our friend
To give you some perspective, another superblock, Ethereum, the one who is used for almost everything related to ICOs, transmit payments faster than BTC (and, yap, also buy those stinky cats) has an usage of 1M transactions currently as per the chart below. (source Etherscan.io)
By now you should be considering move your ETH and other altcoin positions to SBD or Steem. But there is even more.
3. Network Usage
So one thing is looking at the amount of transactions, but the other really important is how stressed does the Network gets with that amount of usage. At the beginning of the year we were giving Hoorahs to having the same amount of transactions as ETH, not that we are 50% above it, let's check again how stress and capacity does the Steem Platform has.
Woow! We had a 1.8M trxs record a day, ETH is using 50% of its capacity to process below 1M, but Steem with 1.5M trxs is only using a wooping 0.13% of the max. usage
Again perspective is outmost important here, so in case you still do not see the point here, check below the pie chart among the most active blockchains worldwide.
Steem is the King of the Blockchains with a 40% of transactions running through our Protocol!
*Credits to #Blocktivity
4. Activity Valuation Index
Best of all is that #Blocktivity rates Steem as the most undervalued blockchain according to its AVI (Activity Valuation Index) a parameter that rates a protocol putting together its Market Cap in relation to its actual usage. The closer to 1 this AVI number is, the most undervalued it is in relation to its Market Cap. This is the case for Steem which with all that capacity and usage has only a Market Cap of 1.2Bn. Investor should be looking more at this page instead of trying to guess the long term trend of BTC.
5. Steem Backed Dollars Performance
As you know you have a lot of Steem currencies or similar, like Steem, SBD and #SteemPower (though this one can not be traded in exchanges). All the above usage has to be backed by a cryptocurrency to confirm transactions and provide an economical backbone to the Platform.
In the last weeks we have seen something truly amazing.. SBD seems to be unpegged from BTC. This comparative chart below shows how SBD is not only overperforming BTC, but also following its own path, it has even marked green days in the last days when all the other currencies where trading in red numbers. This is paramount since BTC looks to me in such an uncertain path that you need to look for an escape, if you haven't yet.
SBD vs BTC Performance in USD - Clear unpegged pair
From a trading point those who got SBD close to its low after the correction should be targeting to see the coin closer to its all maximum of USD 10.5 and if breaks above, a target in USD 11. So far the trading upward channel is respecting the fib retracement. Due to the fact we are at a 50% price from the ATH USD 14.88, transferring positions to SBD does not sound that crazy.
6. SBD vs. Steem Performance
The two pairs are supposed to be pegged but this is not happening, could be explained by the disparity in the rewarding system, but for now the relation is of a 1.5x ratio. Steem looks to be trading in a similar channel to BTC if we see again the graph above, though is still outperforming BTC.
We can say that for the moment we should concentrate in the SBD as a coin, and purchase our Steems internally at the market price.
7. Conclussion
For all the above, I think a clear point was made (at least I hope so) and you should be re-investing those harn earned profits from other Cryptos into SBD, if you have also other non-performing investments you should consider buying more SBD in case you are new to Steemit and you have none.
For those new to the platform my best recommendation is to invest in your reputation and grow your Steem and SBD account, Steem Power is the best investment right now.
We have a growing community, Youtube latest demonetization policy is pushing creators to look for alternatives and Steemit is the greatest option out there, the network usage is huge and will grow with the community, and as the cherry of the cake take a look again at point 3 regarding #Blocktivity, we are undervalued with a price of above 7 USD per SBD.
Go out and spread the word about Steem, Steemit and SBD as an investment!!!