As you can see in the past days, the price of SBD reaches 42$. So many who have their money on hitBTC exchanges to btc and then they convert it back to SBD. Which means they make thousands of dollars and still holding the same amount of SBD. One more thing in the last december SBD was at 15$ so if they exchange their SBD now for steem and don't wait for dec they'll have to bear losses. Am I Correct??
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They would take the losses regardless, the asset is supposed to be around 1 dollar. What is happening on hitbtc is market manipulation, there is no way sbd should be that high. Its fun to have fun pumps but every pump someone ends up a loser when the price comes down. Its clearly a pump and dump.
Agreed! Now we've to work on it. But first, there are many exchanging sites where steem is not available if we need to make steem more popular we've to work on it.
The November/Dec run up on Upbit was also a clear pump and dump.