Unrelated to this post, ... could you do a video segment on trading SBD for Steem in the "Market." You are the accountant and the king of spreadsheets so if you could demonstrate how to understand the SBD/Steem relationship. When SBD goes up relative to Steem if that is good or bad for trading? I noticed last week I sold SBD for $1.30 per Steem and this week it is $1.60 per Steem so confused about how that works. I am sure this is 4th grade math, but can't wrap my head around it.
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It's a good point. Until I make the video, SBD should in theory as it is crafted today, should always trade above $1. The reason being, if it trades much below $1 USD, the witnesses will do their witness peg of how many Steem is in a US dollar. We can always convert SBD to Steem on the blockchain, meaning if SBD goes too low, people can just buy SBD, convert to Steem and buy Steem cheaper than on the market, and sell those STEEM for a profit. This pretty much prevents SBD dropping below $1 USD. What some people do to take advantage of that is when SBD drops to $1 USD they buy it. Then at some point in the future, very likely it spikes up some, who is to say how high. Then they sell SBD.
The exchange of STEEM to SBD is not really linked. There is no reason to think there should be a correlation between STEEM and SBD price. In the future, STEEM should keep going higher and should leave SBD in the dust.