Do not buy SBD, buy Steem. SBD will go back to 1.5 to 1 US dollar in the middle to long term. Here is how the regulation works: https://steemit.com/steem/@sevenseals/why-the-steem-dollar-sbd-will-fall-back-to-1-us-dollar-the-self-regulation-of-the-sbd
I see what your saying. So given the current situation it could go back down but what I don't understand is the big buys that happened recently. Someone must either be just trying to pump or they know something is coming up with SMT.
Two possibilities: First, people buy, who have no idea about the matter. Second people buy because there are only 4 million SBD and want to pump and have no idea about the matter.