All Prices in this Article will be in Cad not Usd
So as of writing this Steem is Currently at 5.06 had a low of 4.88 and a High of 5.11 Cad
SBD on the other hand is sitting at 4.42 had a low of 3.96 and a High of 4.46 Cad
Well the prices have picked up a bit over the last 24 hrs and I am pretty happy about it, over the last 3 days it has kinda lulled at give or take 5% from where it is now. Overall this month has been extraordinary for the platform and all of us taking the rewards to keep on blogging! I suppose the big way we can drive up the price of steem is simply by just powering up. But if we trade SBD at high volumes to Steem it will crash the price of SBD in the process. So I guess will just keep on keeping on in this little bubble for a few weeks.
Seems like powering up is the way to go, but is it good for the system?
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I don't see how it is bad for the system, Less in circulation drives up price. Creates more demand for people who want to power it up. I guess the bad thing about just powering it up and not selling it, is there will be none available for the public to by and without a market the price is non-existent.
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I think it could potentially be bad because those who got in early have massive amounts of SP which could be bad, as well as completely throwing away the pegging idea. I think there's positives to both sides, but I think ultimately we want Steemit to grow
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yes .. thanks for the information :). I will survive in my friend's current little bubble :)
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