Coincidence that SBD is rising while Tether has its security problems!!!
Like many of us already pointed out that Steem Dollars, which is pecked to 1 Dollar worth of Steem, could function as a hedge against Crypto Currency losses. Because of the stable nature of Steem Dollars.
Therefore I find it most interesting that right now with the problems of Tether occurring, Steem Dollars is making a massive move up. If Investors would found SBD really to be a safe heaven in regards to losses in other coins, this could really be a major boost for the price of steem in the future!!!
What do you think guys?
I'm looking forward to your comments.
I thought this too, but if this was a panic due to Tether then we would see the USDT markets on Poloniex and Bittrex showing it.
I agree. Steem hasn't been doing much lately but just popped through the roof. I show people that investing in Steem is a way to own a crypto without dealing with exchanges much and wallets. I'm glad to see we finally got a boost.
Yes I agree it is pretty simple once you have got used to the steemit wallet. And no transaction fees if you want to send money is just awesome!!!
Makes sense. It's also good for anyone in the Steemit ecosystem as it will bring beneficial scrutiny on the 1USD pegging.
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