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RE: SBD / STEEM DOLLARS now worth nearly TEN US DOLLARS each, WTF?! 😱

in #steemit • 7 years ago (edited)

Possible reasons for this anomaly:

  1. Loss of faith in USD Teether - Thanks to Bitfinex
  2. Profit bookiNg in bitcoin, investors buying stable asset class (Sbd) making it unstable in the process
  3. Cannot buy traditional assets gold or USD for taxation concerns
7 years ago in #steemit by
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     7 years ago  

    I'd say the tether issue might be a possibility, however that's also been a concern for quite a while now. Also, if that were the case (for any of the points you described), it would also seem there would be a run on bitshares' BitUSD asset as well, but so far that doesn't seem to be the case...



    (bitshares BTS/BitUSD chart)

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