You are viewing a single comment's thread from:

RE: Crypto: Are we seeing real buying or something else?

in #crypto6 years ago

I totally agree with you... The peg should put back in but this will not happen because it makes to much money for to many people... this greed on the short term is sad but there is nothing for it. If SBD is not pegged on the up side its a useless coin imo

Sort:  

How could it have been pegged? There simply was too much money coming in and not enough supply to suppress it. Supply and demand determine prices on the open markets, which is why the SBD cannot be pegged if is trading freely on exchanges, unless the pegging system has more cash than could come in on the exchanges, which in this case likely would mean hundreds of millions of dollars.