SBD continues to pump, biggest volume being on Bittrex, more than $5 millions at the moment of writing:
Steem is at $1.35, so that gives you more than 2 STEEM per SBD. This didn't happen for a long time in the STEEM ecosystem.
For me it looks like as we are getting closer and closer to the SMT implementation, every potential move that generates more (and cheaper) STEEM for some investors is being played on.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
https://steemit.com/~witnesses
If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform):
Yeah, SMT seems the only reason...to tell you the truth, I cannot understand why 😂😂 because If SBD means pegged to USD then I would buy STEEM directly...
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It should be pegged to USD. When it's not, things are getting out of hands and, in this case, STEEM is becoming cheaper. Seems more and more like a vehicle to get cheap STEEM, this pumping.
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Thank you @dragosroua because of this posting I just switched some of my SBD to STEEM. As anyone can see in my Wallet I like 2 for 1 STEEM.
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You're very welcome :)
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I don't understand why would anybody be willing to pay 3 times the pegged value of an asset ?
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To buy another asset 3 times cheaper?
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I am so excited on whats happening on steemit currently, moving onwards on the sbd and steem yayyy! Btw i learned a lot from your blogs and just voted you as a witness ! You are awesome @dragosroua
Cheers! ;)
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Thank you, appreciate your support :)
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My pleasure :)
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Thou shalt buy steem while it is cheap :)
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Amen, brother!
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These sure are interesting times! Who knows what were in for. Good or bad I'm totally here for the ride :D
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That's the spirit :)
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I'm pretty sure it's easier to manipulate the market for SBD than Steem directly. I'm not too sure how they're doing it without costing them a lot of money in the process. It normally takes a huge amount of capital to push prices that much higher. Anyway, It's a great opportunity to pick up super cheap Steem with SBD.
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Oh no, when will this SBD pump madness end. Last time I think SBD had been pumped to 4 dollars, but that was a long time ago, before I had even joined steemit.
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good for those who have saved it in bulk haha a sbd saved is a sbd earned
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