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RE: 2 Big reasons why you SHOULD NOT power up 100%/ 2 Große Gründe warum ihr NICHT 100% uppowern solltet (English/Deutsch)

in #steemit7 years ago

I see what you mean by choosing 50/50, and I have always chose that on just about all my posts and think it is a good option. However won't the SBD price be manipulated on the crypto exchanges over time? Especially since many people and crypto traders think STEEM token itself can easily hit 10 dollars in a few months then that would also likely make the SBD coin around the same price.

Or will the exchanges not manipulate the price of SBD? Cause it is on the poloniex and several other exchanges

https://coinmarketcap.com/currencies/steem-dollars/#markets

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The price is not 1 dollar because it is traded on these exchanges. But I think that the reason for the high price is that too few SBD is created. If more SBD would be created the price would drop. The price of SBD was 1 dollar for a very long time, but from the point when Steem was 'hyped' it started to rise. But I don't know, maybe there are other reasons for the price to be over 1 dollar.

Coin Marketplace

STEEM 0.28
TRX 0.11
JST 0.031
BTC 68728.62
ETH 3843.27
USDT 1.00
SBD 3.65