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RE: AskSteemit #9: What is going on with SBD's?

in #asksteemit • 6 years ago

I think Steem price hike is a bubble as long as SBDs are priced higher than Steem. The only reason steem is pumping up is because SBDs are being sold to purchase Steem..
Thats what i think.. I may be wrong. What do you think?

6 years ago in #asksteemit by
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     6 years ago 

    because SBDs are being sold to purchase Steem

    Sure most people might do that, but its not a given. It may just be newbie investors not knowing what they are buying up...

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     6 years ago 

    Does no one here believe in SBD 's relativity to BTC.

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       6 years ago 

      Yes.. may be.. but i think if steem is valued at 2$ (lets say) while SBD is at 1$ (since they are created to remain around 1$), then it will be a more realistic and stable value of steem..

      But who am i to complain? Over the last 3 days, i sold my 7 SBDs to get about 45 steems. I love it... 😏

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         6 years ago 

        Pretty much this yea

        Coin Marketplace

        STEEM 0.29
        TRX 0.12
        JST 0.032
        BTC 63423.66
        ETH 3077.69
        USDT 1.00
        SBD 3.87