Nubits has gotten to just below 45¢ USD. This is not even funny. This kind of thing has happened before a couple of years ago. The price drop led to panic, which lead to more of a price drop. Nubits is normally quite good at keeping to the value of 1 USD, but I don't want to buy in now because I may need to use this money short term.
Nubits reaches a new low of 45¢
7 years ago by leprechaun (56)
$0.15
- Past Payouts $0.15
- - Author $0.14
- - Curators $0.01
Do you understand what happened that has caused this? I don't know the nubits stability mechanism very well.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well there is a management team for that. It is not something managed by the Nu blockchain. It seems that bitUSD works. Understanding failures in pegs is important.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah. bitUSD has serious flaws too, but at least there you can tell what's going on and it's more decentralized. With nubits you're totally at the mercy of the management team.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 3.00% upvote from @getup
Want to promote your posts too? Send at least 0.005 STEEM DOLLAR or STEEM to @getup with the post link as the memo and receive a upvote! More profits? 100% Payout! Delegate some SteemPower to @getup
1 SP, 5 SP, 10 SP, custom amount
► ► For Restream send 0.026 SBD
to @getup with the post link as the memo.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 8.00% upvote from @getup
Want to promote your posts too? Send at least 0.005 STEEM DOLLAR or STEEM to @getup with the post link as the memo and receive a upvote! More profits? 100% Payout! Delegate some SteemPower to @getup
1 SP, 5 SP, 10 SP, custom amount
► ► For Restream send 0.026 SBD
to @getup with the post link as the memo.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bet some money on it-if it goes to back to a dollar you can double your money
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That's right
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit