RE: SBD price warning! SBD worth only 0.91 $ !!
Hey @neoxian, I wouldn't consider this issue critical in order to call for some urgent actions.
SBD in the first place is a cryptocurrency and thus is moves together with other cryptos depending on the current market conditions. SBDs are traded both at Bittrex and Poloniex, hence many regular investors, who have nothing to do with Stemit, hold some share of them. And I think you've checked coinmarketcap.com today and you've seen the same picture as I did:
It's a red day, which continues the 4th day in a row and SBDs are holding pretty strong taking into consideration their low market cap of only 3.1 mil. USD. Some investors are getting them off their portfolios, thus causing a drop, not a big deal.
What's most important, SBD's are pretty well backed by Steemit community, the site saw around 5000 new registrations yesterday. We'll see their price come back to normal soon.
In my opinion, the best thing to do right now would be just to develop the community like it's being done for over a year already. And doing our best to ignore the "upvote beggars". because they are cluttering all the feeds on this site!
Sure, but my point is that Witnesses can be slow to change over. Many of them are still in "combat high price of SBD" mode when they should be switching to "support SBD" mode.