What happens with SBD?
For the second day I see a falling of SBD on Poloniex.
4-daily chart
2-days chart
Today was anti-record - 0.00085100 SBD/BTC. Maybe it's not the absolute minimum, but for the period of my being on Steemit it'is the minimum price. Here's the daily chart - a steady decline.
I'm not a Pro in trading cryptocurrency, I just need to cash my first SBD. You know, for newbies it's very important to feel that Steem It's something real, it' trully working. And I can say that I would not like sell SBD at this price.
Is this situation the result of HF18, because for several days after it the people are in suspense about their future benefits? Or maybe there are other reasons?
Can we expect a rate increase after the first 7-day payout?
BTC is on the rise last day or 2, so that increases the decline of SBD when comparing that to BTC. SBD needs to be 1-2-1 with USD by rule.
In this case, the rising of bitcoin may be the cause. I have not found on poloniex ratio SBD/USD and I focused on bitcoin. But now with rising of BTC It is more difficult to navigate in price.
On Poloniex you can check the USDT tab, BTC is listed there. USDT is a virtual currency that is as well pegged to the US$. The value may not always be 100% compared to BTC/US$ at other markets but is very close.
Thanks for the tip:)
HF18 course will affect the course. I agree with the previous answer.
Thank you for your post! I also ask this question!
I think this question bothers many people who tries to withdraw money, and especially those who make it for the first time. If yesterday the price SBD/BCT was 0.00105-0.00110 and today we have 0.00086, it's a little frustrating.
about 24hrs ago BTC was around 1.100 US$, now it is around 1.150 US$, an increase of small 5% > SBD shall be 5% down versus BTC by rule. And as mentioned before by others as well, SBD was above 1US$ last week after enormous breakout of the peg with the US$, that needed correction.
It seems that temporary crisis passed, SBD/BTC is rising and price for bitcoin still high. It means SBD becomes stronger. Hooray!