Steemit Facts #6

lishu (60)in #steem • 6 years ago

Read the steem whitepaper here.
Read the steem bluepaper here

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#steemit #average #price #steepshot

6 years ago in #steem by lishu (60)

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johnz14 (65) 6 years ago

Your Steemit facts are pretty useful to us new Steemit members.

Thank you for that!

With every new day I'm learning more about this cryptocurrency and this project.

By the way, what is happening with the price of Steem dollars.

Has it been like that before (big drops and rises)?

$0.47

2 votes

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lishu (60) 6 years ago

Thanks for the kind words and support, I try to present good info and I am glad it helps :)

Click here for the link to a graph of sbd.

In the internal workings of the platform, SBD was designed to stay fixed to the USD. But the market thinks that an SBD is worth more, so the price when up to even 14 USD per 1 SBD.

At this moment there are two forces at work. The witnesses that secure the network are working on getting the price of SBD down, and the whole cryptocurrency market is a correction. It went down from 718 billion USD to 666 billion in just the last 24 hours.

Welcome to the rollercoaster, hope we will get used to it :)

$0.62

2 votes

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johnz14 (65) 6 years ago

Thank you very much for clearing this up.

You've helped me a lot.

And by the way, why would anyone trying to lower the price of a cryptocurrency?

Isn't it better for all us that it stays as high as possible?

$0.41

1 vote

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lishu (60) 6 years ago

The market works on supply and demand. This principle was around a long time before cryptocurrencies came along.

So the large players already know the tricks. I wouldn't be able to explain what are the mechanism and the reasons for keeping a crypto down, but maybe @equ1l1br1um would like to explain this :)