If you want to buy more steem (sell some SBD right now) - price 0.003BTC

in steem •  8 years ago 

Woow I like this, but I don't have enough of SBD

Congrats


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This is not a good thing, my friend. The SBD price spike indicates that someone is buying it all up, most likely to exchange for STEEM. This may result in a sizeable amount of STEEM being produced which will likely have an adverse effect on the value of the currency.

We may hope that the buyer who is amassing the SBD is altruistic in their agenda, and hopes only to burn the SBD to reduce the amount of debt in the ecosystem, but this would perhaps be naive.

I shall watch this closely.

Very interesting information

Exchellent post!!
And very useful dear @blocktardes :)