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RE: As Steem Dollars (SBD) Drop Towards the $1.00 "Peg" — Will They STOP There?
I think SBD is going to head below a dollar and Steem is going to head to a dollar. That's unfortunate, but it doesn't seem like the cryptocurrency market is on the rebound yet. It many never rebound.... we don't know.
If there was huge rebound though I definitely believe that SBD would Skyrocket above steam again. That's because more users would come to the platform and those users would want to buy a SBD in order to power the Bots.
I think the markets in general are trying to make a bottom... we may have to get to where the price of BTC comes close to the COST of mining BTC before there's a reversal.
The idea of SBD being "pegged" to USD strikes me as having some problems as long as it is traded openly on exchanges. It may be the "liquid currency of Steemit," but to a trader it's just another asset for investment.