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RE: AskSteemit #9: What is going on with SBD's?
I think Steem price hike is a bubble as long as SBDs are priced higher than Steem. The only reason steem is pumping up is because SBDs are being sold to purchase Steem..
Thats what i think.. I may be wrong. What do you think?
Sure most people might do that, but its not a given. It may just be newbie investors not knowing what they are buying up...
Does no one here believe in SBD 's relativity to BTC.
Yes.. may be.. but i think if steem is valued at 2$ (lets say) while SBD is at 1$ (since they are created to remain around 1$), then it will be a more realistic and stable value of steem..
But who am i to complain? Over the last 3 days, i sold my 7 SBDs to get about 45 steems. I love it... 😏
Pretty much this yea