SBD will not be
It already went well under its peg , it’s not backed by steem it’s only value is what free market gives it
When it went down recently u could not trade it for $1 of steem
The peg isn’t there anymore
And we have zero use for steem dollars now that there isn’t a promise held up we can always trade it for one dollar of steem
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SBD has been holding pretty well. Some people did actually trade it in for Steem but not many.
It’s gone well under its peg
By at least 10%
That looks bad
That’s all I’m saying there isn’t a peg anymore. There’s no place that promises to trade a steem dollar for a steem. It’s just based on price. Hoijg ujdrr by over 10% isn’t as small a deal as it seems. There should be a fork to turn all steem dollars into steem and then we can all move on and focous on steem
Not according to coin marketcap.
https://coinmarketcap.com/currencies/steem-dollars/historical-data/?start=20180530&end=20180830
Bitscreener says it got below 80 cents though so I dunno.
https://bitscreener.com/coins/steem-dollars?timeframe=ytd&chart_type=candle&chart_unit=usd
Coin market cap is so unreliable! I see what ur looking at now. On the day it says .96 as low it 100% was at 90 cents for more then 12 hours. But regardless it went under $1.00 for almost a week. There’s no function anymore to trade steem dollars for $1.00 of steem officially. It’s just whatever steem dollars are worth.
Coin market cap did show it. I saw a guy on here live posting it
Coin market cap did
Show it. I saw a guy on
Here live posting it
- artgirlnyc
I'm a bot. I detect haiku.
But besides that it was documented on here too. It was not a flash crash either it was at .90 cents for a day plus. My point is it’s not pegged anymore officially. It’s just a market giving it value. That means there’s no point in it anymore
There is one good use for it,waiting for big pump and sell it.Im good with that. :)
Good luck with that 😘