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RE: One Bit News - Your STEEM Magazine - Issue 13
Yes @tbnfl4sun me too when I saw this last drop of the SBD I thought the sbd will return to its previous price 1 USD, but I think in the next days the price of the Steem will be bigger than SBD.
Best Regards @Redouanemez
Hi, @redouanemez.
I don't think we will ever see SBD at $1 ever again, unless the witnesses votes to push a hardfork that changes how the currency is pegged.
I believe this because seeing as SBD has had a surge in price, it suddenly became extremely attractive to buy and hodl. Imagine if it falls to $1.10; at this point the max you can loose on the investment is 10 %, but on the other hand, it has a change to surge up to $12+ again, so it's low risk, and potentially very high reward. For this reason I think people will buy and hodl even at $2-3 levels, which is why I believe that it won't fall below that.
Of course this is just my own opinion, based on observations made by myself and a few bloggers who writes about buying cryptos :)
Best regards from @valth