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RE: Exchange Transfer Report: 2/18/2018 to 2/24/2018
I never expect the price of SBD to rise, and I'm always confused when it does. I sell as soon as I get it as I prefer STEEM. That's where the long-term value is.
That should be true, @lukestokes. But how can you explain the recent prices of SBD? If we do not understand the reason for the price rise, we might take a wrong and costly decision here.
It's pure speculation, like many other cryptocurrency coins. From one perspective, SBD is a far better currency than Bitcoin:
etc, etc, etc. I could go on and on.
Ultimately, value is determined in the moment of transaction by those who choose to participate. To me, there's little sense in having two speculative tokens in the core of the STEEM blockchain. If people want to speculate, buy STEEM. I see throwing away an opportunity to have a stable pegged currency as a costly long-term decision, but I'm also not willing to destroy the great rewards the community is enjoying right now.
Thank you, @lukestokes for the detailed answer.
I believe that the high price of SBD helped give Steem a lot of attention.
Long-term is key. :) Best wishes to you. - @splendorhub
Exactly how I feel~*~