I thought it was pegged on the downside but not on the upside, so that if it goes below a dollar the witnesses will come together to force it above a dollar again.... but it rises above a dollar the market will take over.
I wonder though, if it goes below a dollar these days....if the witnesses will come together to force it above a dollar again.
Fun fact, look at the historical chart for steem and sbd, when no one gave a shit about either sbd was trading for well under a dollar, but probably because steem was trading for pennies.
Exactly. I suspect STEEM would have to be in the shitter for SBD to break the peg to the downside. So, in a bear market and close to 1 USD in price, SBD is good, IMO.
It has a floor of 1 USD which is where its current price is. Unless the Steem blockchain break down completely, I only see an upside. Maybe it's a good idea to buy some, not crazy amounts but some.
well, it hasn't been pegged for 8 months but, the system still sees it as a dollar... I have no idea what people should do :)
I thought it was pegged on the downside but not on the upside, so that if it goes below a dollar the witnesses will come together to force it above a dollar again.... but it rises above a dollar the market will take over.
I wonder though, if it goes below a dollar these days....if the witnesses will come together to force it above a dollar again.
Fun fact, look at the historical chart for steem and sbd, when no one gave a shit about either sbd was trading for well under a dollar, but probably because steem was trading for pennies.
Exactly. I suspect STEEM would have to be in the shitter for SBD to break the peg to the downside. So, in a bear market and close to 1 USD in price, SBD is good, IMO.
It has a floor of 1 USD which is where its current price is. Unless the Steem blockchain break down completely, I only see an upside. Maybe it's a good idea to buy some, not crazy amounts but some.