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RE: BLOODBATH IN STEEMIT'S INTERNAL MARKET - HERE'S WHAT'S GOING ON!

in #steemit • 7 years ago

I think you are on to something although i think the uptrend is still intact and hoping it will be up to 1.90 vs SBD before end of September.

7 years ago in #steemit by
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     7 years ago 

    You shouldn't really be tracking the price against the SBD. You should be tracking it against the USD and/or BTC. SBD is supposed to be pegged to USD but I predict that it will be used as a safe haven asset to hedge against potential crashes or corrections of STEEM and other cryptos!

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     7 years ago 

    Thanks. I know USD makes sense but I'm just using a quick and dirty simplify way to look at it.
    Will be good there is a one click answer to these kind of question.

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    STEEM 0.16
    TRX 0.16
    JST 0.030
    BTC 59201.08
    ETH 2515.32
    USDT 1.00
    SBD 2.50