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RE: Thoughts on STEEM-Backed Dollars and Holding the Peg

in #steemit • 7 years ago

Can someone explain why people would buy SBD if the price was above 1$? Speculation? I that case it seems like foolish speculation. Are there any other reasons?

7 years ago in #steemit by
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     7 years ago 

    If you want to increase your steem and think the steem price plummets down to where it was a month ago then buying SBD at 2$ would still yield a 30% win in steem.

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