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RE: Does internal market affect steem prices too much ??
There is not enough volume on the internal market to move the price On average it only does 7-10k. The open market does 500k- 1 million a day.
The internal market is set so that an SBD is pegged at a $1 value. The Steem price adjusts to that peg in correlation with the open market.
Example: SBD is trading at .98 cents and Steem at .93 cents then the price for Steem on the internal market will be .95 cents.
wow the finest explanation i got thanks you so much @lydon.sipe for this : )