SBD above 5.00 USD... how is this possible?

in hive-175254 •  4 years ago 

To be honest I have no clue how this could be possible.
Until recently I assumed there is a mechanism that people can use to convert their SBD to steem via the internal market.
So atm each SBD would get you around 10 steem at the internal market? Could that be true?

And if so why are people not converting like crazy?
I mean there should be no fundamental reason why SBD should be much above or below 1.00 USD for a long time!
And if its just a push this should be dangerous as new SBDs are printed each day..

what do I miss?

image.png

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Everything can happen in crypto world , you can see new hige level of 7$ also in sbd as it was previously high. You just need to hold and sit tight.

This is just the beginning!! Steem and SBD to the moon 🚀🚀🚀

Demand and supply makes it possible more so, we are in a bull run and anything can happen in a bull run including a $0.001 hitting $10