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RE: Smooth gets a house from SBD today!
lnstead of chattering about house prices,, will someone be able to explain what really happened in steem world? For so long both steem and SBD were tumbling around ~$1. And tonight steem jumped +25% while SBD +130%. Why is this? Why this SHARP jump? And what makes sbd to walk so much away from it's native $1 where it should sit all the time ? This SBD and its price is quite a mystery to me.
There is no mechanism to push the price of SBD down quickly (i.e. no mechanism to rapidly expand the supply of SBD), so it can be pumped up rather easily. In time, it will drift back down to about $1 -- either as the bagholders that bought at $1.20 realize their mistake, or as its supply gradually grows to meet demand. Back in March it momentarily hit $7, and then eventually it came back down.
Yea I have the same question, what is going on? And is market working at all now? Mine does not open...
It was listed on a Korean exchange - more volume = pump.
Ohh I see, thanks for explanation