SBD At $1.09 And STEEM At $0.46. What's Up?
Just checked Coingecko. In last couple of days, SBD has gone north of $1 with some nice volume while STEEM has been correcting to the downside. About 9 million SBD are in existence right now and about 305 million STEEM. The SBD debt ratio is at 5.57%. What that means is that STEEM has ample room to correct downwards before the debt ratio will begin to approach 10% again. That's when the convertibility of SBD to exactly $1 worth of STEEM stops, that is, the SBD to 1 USD peg breaks.
At this price level one is tempted to exchange one's SBD for STEEM as STEEM may be going up. On the other hand, it may be going down, too. I think I'm just going to keep holding it and buying votes from @ocdb. The return is quite good as half the rewards will be in SP and only the other half in SBD. A good compromise.
What's causing SBD to go up at the moment? Any idea?
It has been up since last week! That ocdb sounds interesting. What’s the minimum amount you have to pay?!
Posted using Partiko iOS
There is minimum. But to be able to use it, you have to be curated and whitelisted.
Posted using Partiko Android