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RE: Today I Learned How The Price Of Steem Dollar (SBD) Is Made - You Should Know About That Too
I'm talking about the part where someone pushed the price of SBD in order to get cheaper STEEM.
I'm talking about the part where someone pushed the price of SBD in order to get cheaper STEEM.
It's possible that there was some price manipulation going on. But my suspicion is that is was simply traders who didn't get the connection between Steem and SBD. I'm too lazy to look it up, but if you give me the day the spread between the two started widening, I might tell you the reason (my hunch: Koreans or the Federal Reserve).
Overall, I agree with @swissclive: Whoever it was did us a favor. At least I bought as much Steem as I could although bernie did what he could to prevent me from acquiring SBDs..