RE: Why I Love SBD and You Should Too
The reason is the small amount of SBD that is on that exchange has been stuck there for 5 months. No SBD can go in or out of HitBTC. That has provided us a glimpse of what is expected to happen when the Liquid STEEM supply gets very low. Since the SBD supply on HitBTC is very low and no new SBD can enter their micro economy, people buy it up and demand goes wild along with price.
This is so far from the truth anything can be... The STEEM on hitbtc is an isolated event and the buyers know it cant be influenced with more SBD, probably same guy who do most of the traiding and just hopes for by orders...pump n dump... This will never be the case in the "real world" SBD will have a stable availability from the reward pool and be steadily exchanged, nothing will change this!
Add the fact that STEEM inflation and lack of human users will drive the price to the ground and we have an oppiste effect!
I know this. That was my point. I was using this as an example of supply and demand economics. HitBTC has created an environment with its own supply and demand.
Explain how it can be influenced with more SBD. You can go look HitBTC's wallet and see for yourself that no SBD is going in or out of the exchange. There is no more SBD at HitBTC.
Do you even read? The thing you quoted says CANT as in CAN NOT :)
Yeah imagine buying SBD from your other account at hitBTC and then declaring the losses to IRS! tax free life :)))