STEEM DOLLARS 700% INFLATION?

in steem •  7 years ago  (edited)

Steemit's Steem Dollars have gone all the way up to $7 from where they should be, at $1. Equivalent to the USD. What's the cause for this Steem inflation?

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Not sure of the reason for the mooning of SBDs... Lol. Heard some rumours lately of a Korean pump but just like I said, they are just rumours and largely unfounded. Steem has been on the lows for a while now so I guess it's not totally out of place for steemians to ride on this moon and enjoy some remarkable Christmas with SBDs.

This is crazy

Love SBD right now ;)

But of course ;)

Just turned 40 something steem dollars into 250+ steem

Hey mike do you think is a good idea to invest into STEEM and hold it right now at the current price? im new to the platform already liking it. Nice video.

Absolutely!

Not sure what's going on but like the conversation rate.

I'm just enjoying the ride and powering up like there's no tomorrow!

christmas will be saved by SBD. at least, from here. for us.

It's awesome

Thank you for making videos about steemit I just got started and seems great already.

Very informative video about the platform.

:)

Not exactly sure why Steem Dollars are through the roof, but I am NOT complaining at all..

The first time I cashed out SBD recently and saw how much BTC I received, my jaw basically dropped. I figured it was a 1 SBD to $1USD, had no idea it mooned

It's epic payments man

Yeap, luckily I traded my SBD recently and I have made a ton of Ether, LOL!