RE: IMPORTANT!!! SBD DROPS BELOW $0.80!!! HERE'S WHAT WE CAN DO TO HELP RESTORE THE PEG!

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IMPORTANT!!! SBD DROPS BELOW $0.80!!! HERE'S WHAT WE CAN DO TO HELP RESTORE THE PEG!

in steemit •  7 years ago  (edited)

I'm not sure why they wouldn't do that because they will lose money if they don't. The alternative is to sell your SBD for 20% less in the free market!

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7 years ago by

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      ·  7 years ago 

    I thought maybe most people will panic and start selling and many would just buy it cheaply off the market.

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        ·  7 years ago (edited)

      There's nothing to panic when SBD drops below 1 USD because it should quickly recover since there are alternative ways of converting it to STEEM at the 1 USD rate such as the 100% Power Up option for new SBDs and the internal CONVERT option for existing SBDs which takes 3.5 days.

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