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RE: Dafuq? Why are people paying $1.25 to $1.35 on Poloniex for Steem Dollars?
Because ... FOMO. I think they're afraid they'll be $100 tomorrow. :)
Because ... FOMO. I think they're afraid they'll be $100 tomorrow. :)
It still doesn't make sense to me though. I could see the price of #Steem shooting up fast but Steem Dollars are supposed to be pegged to $1.00 US Dollar. So if the system is working they shouldn't spend over $1.00 on each one. I almost think a bunch of people are confused about the difference between Steem and Steem Dollars. They probably got on CoinMarketCap and saw it way up and got excited and were actually buying the wrong thing. LOL
A lot of people have no idea what they're putting their money into. They see a price move and they buy having no idea what they're buying. These are the bagholders in life.
YES THIS...
That is what I'm thinking as well. They are confused. lol