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RE: IMPORTANT!!! SBD DROPS BELOW $0.80!!! HERE'S WHAT WE CAN DO TO HELP RESTORE THE PEG!

in #steemit • 7 years ago

I can see your good intentions behind it but just wonder how many would actually do that since one of the deadly sins of humans is greed. Will resteem it to get more to follow.

7 years ago in #steemit by
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     7 years ago (edited)

    I'm not sure why they wouldn't do that because they will lose money if they don't. The alternative is to sell your SBD for 20% less in the free market!

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       7 years ago 

      I thought maybe most people will panic and start selling and many would just buy it cheaply off the market.

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         7 years ago (edited)

        There's nothing to panic when SBD drops below 1 USD because it should quickly recover since there are alternative ways of converting it to STEEM at the 1 USD rate such as the 100% Power Up option for new SBDs and the internal CONVERT option for existing SBDs which takes 3.5 days.

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