RE: How is Steem Dollars SBD consistently above the $1 peg?

You are viewing a single comment's thread from:

How is Steem Dollars SBD consistently above the $1 peg?

in steemit •  7 years ago 

That means right now if you make $1 here on steemit you can sell it for $12! No complaints from me..people must be using SBD for day trading which is hiking the price up steadily

steemit
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    1
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    Thanks for the reply. Yea true, I am not complaining ;) But I thought steem can create unlimited amount of SBD if it raises above $1, which is the case for the past month already. It's meant to be the stable currency in steem but it's not doing its job? Just want to know what is going on. It's all very interesting economics for me.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00