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RE: Has SBD transformed from Convertible Note (debt instrument) to a full-fledged cryptocurrency? Where has the Convert to STEEM function gone?
There seems to be a lot more attention being paid to SBD for the last week or so. Seemingly by buyers in the Asian markets.
I'm still trying to figure out if it's investment or speculation.
I suspect that folks are taking profits in BTC and shifting some of those profits into other cryptos, which makes good sense.
Hopefully they're investing instead of just using the SBD as a safe space to park the money.
Time will tell!
I'm not complaining either way. I'm loving the rewards right now.
SBD has been pretty comfortable at the $10 mark. Time will tell whether it can stay there. It has helped the STEEM price creep up a bit too.