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RE: SBDs, Money and Losing your mind over $10
Very on topic.
What I am wondering is this: if sbd is supposed to be a pegged crypto currency equivalent to a dollar, and steem is advertised as the more convertible and exchangeable token, then why is sdb the token that is getting pumped so much? And how is this? And why exactly are there two different tokens anyway?
Also it’s been brought up before on other posts that the true value of sbd is about 5-10 times higher than steemit calculates. And there is some resistance to making it more accurate...
I guess it is unreasonable to expect and entire base of traders and investors to be able to take 2 currencies with nearly the exact same name and the exact same logo and know the difference. lol. I am thinking they are being confused and being traded. I own some things that I don't really know what they are.
One is supposed to be pegged to a dollar but at this point there is no way to keep it down besides selling.
I think the resistance is how to keep it down
Haha and do people WANT to keep it down? I’m all for the value going up, but not if it becomes a mad scramble. Come on folks, we are experimenting with abundance here! No need to gorge ourselves at every meal like we won’t have another one.