Steem!! What's happening!?!
Has anyone seem the price of Steem lately!?!
What is going on? Is a major whale powering down? Are all of the whales powering down?!???
I don't have the answers, but I will be looking for them actively now. This is a significant drop, especially after such a "successful", good-feeling Steem fest!
Stay tuned..
There is some crazy action going on right now. I wouldn’t worry about the internal market here on Steemit, it’s very small. The biggest volume is on Bittrex which is at $1.08 after a quick spike to $1.43 earlier. It’ll be interesting to see how it shakes out.
Ah, I think what you’re seeing there is because the internal market is priced in SBD and for some reason their value has doubled and isn’t holding at the pegged $1. So it’s .51 SBD which is currently about $1.02 USD. I’m sure it’ll normalize, maybe a pump and dump on SBD...
Yeah, I'm not sure why SBD is worth so much more than Steem. That's a bit concerning to me as well. Steem should be worth a lot more, IMO. Especially with the SMTs, I would expect a larger value from Steem than SBD.
Just talking out loud 🤔
SBD is designed to try and stay pegged to 1 SBD = 1 USD. There’s no logical reason for it to be more than that. The pegged value was the entire reason for its existence. The system will try to drag it back down to $1. It’s a much smaller market than STEEM though so it can fluctuate with 1 big purchase by a whale.
All the Steem in existence is worth $290 million right now, all the SBD is about $7 million, so it’s not a huge worry.
Yeah, I'm not worried about the SBD price too much, but it is a mildly concerning situation right now with Steem being so far down relative to SBD.
I know the SBD = $1 ideal.. that's why it's called a "dollar" 👍
SBD is up to $2.13!!!
This is crazy IMO. SBD isn't supposed to be inflating like this. Steem is!!
Yeah I didn't know the price is different in bittrex. Is it also why I'm when I'm claiming my rewards I get more for SP instead of SBD? It wasn't like that before.
I guess it makes sense to look at all of the exchanges to get your best value.
We are in the cryptoworld, anything can change drastically,
Somebody is pumping sbd, steem was still at $0.91
Yeah, it's interesting to see people playing with SBD since it's such a small value currency.