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RE: $SBD Update: Now Trading ~7x to 12x / $11.50 Avg. RIGHT NOW! | Steemit 101- Charts, Basics for New People. | ** If You Have SBD to Trade/Sell -- NOW is Still a Good Time, Trading Currently Around ~$7 to $12 - Since the Price Spike!
So, based on the 24-hour chart posted it looks like we can buy on dips below $11 and then sell up at the $11.60 area, yes? Nicely range-bound, but for how long?
It's been 3 weeks of this. The price spiked a bit again the last day or so, after wandering down around the ~$10 range (aggregated) for a few days.
Economically for the platform this is bad, long term.
-- short term is great for the users here, the exchanges (fees) -- and some good PR and draw overall, for more people .
I know there is not a lot one person can do but I have stated the basics of this before, good/bad etc.
You can arbitrage the dollars btw exchanges daily, check that out if you like.
Thanks @barrydutton