You are viewing a single comment's thread from:
RE: At least we can be thankful that the SBD is pegged to the dollar..
It is assumed that if the SBD is pegged to the dollar, and its price falls on the market, there should be a natural reaction that would lead investors, seeing the possibility of taking advantage of the margin, to return the price to the value to which it is pegged. However, it is possible that if these investors do not know the pegged of the SBD with the dollar, then they will refrain from doing this action, and consequently the expected result will not occur.
Yeah, I can point out some socialist models that use that kind of logic...
It will happen, because we want it to...
Pesky markets...
Well, really what I am saying is that the actors that intervene in the market are acting omitting information, so that ends up negatively affecting the price of the SBD. Probably a steemian will not sell SBD for a price well below the value of the dollar, however, someone who is engaged in the cryptocurrency trading and who has no information about the SBD would be willing to sell at that price. Tether seems to be working well, and that probably is because the economic actors are following the dynamic that establishes their pegged with the value of the dollar.