You are viewing a single comment's thread from:
RE: 1 STEEM = 1 SBD: And So It Begins!
You may be right but this is artificial suppression by printing more. If it doesn’t work for Fiat, how long I’ll it work for here.
There is too much sell pressure on SBD, and if you will believe me there are no buyers. See my last 2 posts and you will understand. Selling SBD or attempting to is the wrong thing right now.
SBD will always be printed more and more as people get in.
Okay then please explain the recent spike in price. It has been brought down artificially now. In a real market it wouldn’t be true. Are you saying that steemit is manipulating crypto?
Nope, the market spike was speculation and FOMO... and the artificial part only sped up the downtrend, the fact stands that the market pulls SBD down through all of the incentives to spend it and the permanent inflation etc etc... now explain to me, what does the market give SBD to make it go up? What mechanism is there for it to value if it gets printed increasingly more with adoption and all of that.
Okay so your explanation is FOMO and now grumpycat is being blamed for manipulating the market.
Whatever the explanation, free markets are not at work and if by any measure your assumptions are true then this is a platform where one person and some factors can manipulate the markets.
I must take a break from this. This to me is centralized indecency. Thanks for pointing it out. Hope you are wrong.
Will be back on steemit when it’s all sorted out.