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RE: 📈STEEM Investor Report 10 February 2018 (Bitcoin Rally Stalls, STEEM Still Rising)
If Korean exchanges are the source of SBD trade, then I have to ask, how popular is steemit.com in korea? If they understand that the witnessess are not going to hardfork to do something about SBD, then they should focus on where SBD is going.
Is it being traded in for STEEM? or is it being sold on the open market back to the koreans?
There is actually a rapidly growing Korean community on Steemit. It appears that the SBD is being accumulated on the exchanges. Once the price drops back to the peg, it will likely come back to be converted to STEEM.
do we know if they are transferred to the exchange from an outside source or if people are simply buying them from the exchange and holding it on the exchange wallet?
SBD is being bought up for elevated prices on the exchanges. Authors who are receiving their payouts in 50/50 SBD are creating SBD which is flowing to the exchanges to fill the demand.