You are viewing a single comment's thread from:
RE: SBD Is Worth Over $12 on Bittrex Right Now! How to Sell your SBD
How accurately does the witness price feed reflect the recent pump? Help, I'm so lost now that I have to try and understand price feeds and what impact the sbd pump has on my life
https://steemit.com/witness-category/@yabapmatt/witness-update-help-fix-the-sbd-peg
I don't think it will put any real pressure though. As we saw last time, this is most like just a temporary thing. See aggroed's comment on that post for more details. I'm not convinced high SBD prices are a bad thing. We don't really have much of a market place going on in SBD terms right now and until SBD or widely distributed with a huge marketcap, it's unlikely we'll have a stable currency any time soon. I'd love it if we could, but unlike bitUSD, there isn't a mechanism to keep the price low (though conversions do help keep it from going too far below $1).
As for the impact, if you have SBD, sell it and enjoy the extra profits. Simple as that. :)
And if profit doesn't motivate you, sell SBD and enjoy the warmth of having helped push the price down that much closer to its appropriate place. :P