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RE: STEEM Dollar Purge Update : The Bonfire has been lit!
Im pretty sure the SBD printing halt is happening now bro. 😭 . So spot on as usual.
Im pretty sure the SBD printing halt is happening now bro. 😭 . So spot on as usual.
Thanks Arly. I think we crossed through the 9% and 10% thresholds in the space of about 24 hours. So that means the printing halt and the haircut are now in play.
Hairy stuff :(
Any advice on how to get SBD aside from selling Steem?
You can buy it on Bittrex for about 0.84 at the moment, but I would not recommend holding SBD while this is playing out. It is no longer a safe place now that 10% has been hit and I'm not sure the market realises the full impact of what the haircut on conversions means for the peg.