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RE: A STEEM Spike That's Not Generated By An SBD Pump? There You Go :)
When SBD spikes way higher than Steem, what is that a sign of? People selling for SBD, or something else?
When SBD spikes way higher than Steem, what is that a sign of? People selling for SBD, or something else?
it's a sign of SBD being pumped - or "taken for a ride". There is no reason for SBD to trade higher than $1 other than short term speculation.
My question is, just what is being speculated here? When SBD is pumped, aside from profit, what else is occurring? It's a debt instrument, right? So what makes it more attractive an investment than STEEM? Is there a higher return somehow?