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RE: Steem Down 8%! SBD Up 28%!!! Wondering Why? Here's What's Going On!

in #bitcoin • 7 years ago

People buy SBD as a hedge and they don't have to take their Crypto off the exchange. It is pegged to $1 USD on the way down but nothing stops it from going up. If SBD ever drops below $1 USD it will recover pretty quick.

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

    Exactly! Thank you very much for reading and commenting! It's an honor and I appreciate it :]

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     7 years ago 

    Makes sense haha, thanks @hilarski I'm following you for more Yoda crypto wisdom lol

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     7 years ago 

    Makes a lot of sense...you speaking my language lol

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