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RE: Why is SBD Going Crazy?! Currently @ 2.4$
Since SBD is pegged to the USD, and the SBD is going for 2.4$, the only safe thing about moving you crypto to SBD at that price would be a safe loss. That's a 60% expected fall in value when SBD retreats to 1 USD. One must be expecting a pretty bad correction/fall for cryptos to consider 60% loss the safest bet.
That's exactly what's gotten me so concerned: If someone is willing to take a 60% loss in value, then what do they know that we don't?
Remember last time the Bitcoin bubble burst, the entire market dropped by 80-90%.