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