Hmm... Why though?! Why would anybody be buying into SBD at these prices, knowing that it is inevitable the rate will eventually crash back towards $1?
How will it crash? The rate was supposed to be close to 1$, but cleary not working that way. Someone bought a ton of SBD and is still holding on to it for some reason.
I bought at §2,22 yesterday, it is at $2,68 right now, clearly people are buying. Why did I buy? To speculate.
It will go back to $1 is all I mean. It could take days, weeks, months, whatever, but eventually it is going to go back down. I'm pretty sure that is how it works anyway.
Volatility because too much current BTC coverage in MSM causing irresponsible levels of #FOMO. Traders diverting all BTC they had for 2X fork in alts. Some alts have found reasonable levels already and are staying at them.
SBD is not necessarily understood by every trader. Not in this bloody madness couple of weeks.
If it stays at 2-3, that may require a redesign of how much STEEM is generated, but that is a fickle thing to mess with of course.
Hmm... Why though?! Why would anybody be buying into SBD at these prices, knowing that it is inevitable the rate will eventually crash back towards $1?
How will it crash? The rate was supposed to be close to 1$, but cleary not working that way. Someone bought a ton of SBD and is still holding on to it for some reason.
I bought at §2,22 yesterday, it is at $2,68 right now, clearly people are buying. Why did I buy? To speculate.
It will go back to $1 is all I mean. It could take days, weeks, months, whatever, but eventually it is going to go back down. I'm pretty sure that is how it works anyway.
Volatility because too much current BTC coverage in MSM causing irresponsible levels of #FOMO. Traders diverting all BTC they had for 2X fork in alts. Some alts have found reasonable levels already and are staying at them.
SBD is not necessarily understood by every trader. Not in this bloody madness couple of weeks.
If it stays at 2-3, that may require a redesign of how much STEEM is generated, but that is a fickle thing to mess with of course.