You are viewing a single comment's thread from:
RE: Steemit Help: Here's Why STEEM is So Expensive Relative to SBD, and What You Can Do About It!
Thank you for this informative post! But what about the fact that they try to loosley peg steem dollars to the USD. The USD is in down trend againdt the basket, DXY.
Yes, I mentioned that they peg SBD to USD in my post. However, USD isn't the most reliable indicator of the SBD:STEEM ratio because a declining USD should increase the USD basis of STEEM. In fact, we're experiencing the opposite dynamic.
Its pegged to DXY chart correlation exists just not in a tick for tick way. So is SBD inverse the world
I don't know about SBD being inverse the world...my main point is the SBD:STEEM ratio, as that's what Steemit users can trade to their benefit. Bringing in the USD to the trade is another layer of complexity that I choose not to address at this juncture.