If you look at: https://coinmarketcap.com/currencies/steem-dollars/#markets
It's simple to see that the majority of trading volume for sbd comes from Korea. Yes, whales, but Steem whales, idk.
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If you look at: https://coinmarketcap.com/currencies/steem-dollars/#markets
It's simple to see that the majority of trading volume for sbd comes from Korea. Yes, whales, but Steem whales, idk.
They've done that with every coin by leading the price action, and the suspect nature of whether all those traders are actually Korean (who had the largest bitcoin holdings again?) came into play, hence all the raids and taxes.
so what if turn $1 again and how it will be fine for minnowes who are earning only 2 SBD in a week. they will stop working on steemit.
Yes, that would tend to be a side-effect of the price falling, much as interest in the website grew as the price rose. As long as the primary draw of steemit is the income-generating portion of it this will tend to hold true. Vested shareholders have shown little to no desire to give up the earnings they have in order to make the site usable for smaller holders, which will limit growth and prevent it from being widely adopted. Just my 0.001 cents.
@inquiringtimes thanks for the link. mostly SBD are being trade in korea . but how it effects the steemit