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RE: As Steem Dollars (SBD) Drop Towards the $1.00 "Peg" — Will They STOP There?

in #steem6 years ago

I think SBD will go lower than a dollar. I think as there is more talk about this market correction helping to stabilize SBD to intended value, people are going to sell. I don't know how low it will go.

It would be great if there was some sort of stabilizing mechanism that kicked in to keep SBD pegged to the $1 USD. I know this will upset a number of people, who have set their sights on SBD going back up. But, it would offer long term stability for the platform.

I don't know how you address that their will always be speculators who can drive the price back up.

This is just my gut feeling on the matter and not intended to be advice.

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