OMG Why are Steem Backed Dollars

in #steem6 years ago

Why are steem backed dollars trading for so much on HitBTC exchange ? Makes no sense . There is definitely something really shady going on . Hopefully someone will answer this question.

Sort:  

Welcome back after a long time @richard-921
SBD is now freefall. ..It's now going to be crash..
I think, Its future is now risk as well as steemit..

What are you talking about ? Grab your steem dollars and go sell them on hitbtc for .004 btc each. You get 1 bitcoin for every 250 sbd right now. This is your chance to get out.

Yehh!!!
Dear i know this.. Hbtc rate is so high..but in steemit or coinmarketcap its rate decrease continuously..@richard-921

Yes take your money while you still can . Sell your sbd on hitbtc seems like a no brainer .

Thanks for your great advice buddy...@richard-921

Why is it very hard to trade SBDs on Htbtc?

No not if you have an account.

Remember though SBD can’t go lower than $1, but that not everything has a price floor.

what a good news for steem friends!

The deposits are not working in HitBTC for SBD so ... you can sell anything there. even if you have 2 000 000 SBD ;)

That makes sense . I guess you had to have them there before the deposits stopped working . So again some shady stuff is going on . That’s why we are at
Very low prices . My only prediction is and it’s only my opinion that BTC is about to shoot up again leaving everyone to decide if they want to sell there alts at these low prices to go to bitcoin . Most hodlers will keep there alts while they watch bitcoin to the moon one day. I can almost certainly say bitcoin will not moon at the same time as alts are really high . Next boom will catch everyone of guard . Better be Diversified and not be greedy. Good Luck

BTC ... I was also wondering if I should get a bit more ... looks like I should ;) Good luck to you too.

HitBTC: SBD deposits “closed for maintenance”, not dodgy at all, lol. Since that’s off the table for me I guess I just need to wait for a decent price spike in order to move my SBD into a coin that is plummeting at a slightly lower rate.

Coin Marketplace

STEEM 0.21
TRX 0.20
JST 0.034
BTC 90598.76
ETH 3112.87
USDT 1.00
SBD 2.99