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RE: Overnight Wrap: Bitcoin solid, Ether down after 30 mil theft and ACCC puts the telco's on notice re: NBN speeds

in #cryptocurrency7 years ago (edited)

No worries, it was trading at $1.60 just a few weeks ago. I'm really not sure why it ever trades at discount, though I personally sold some at a small loss yesterday so I could load up on Ether longs and other people might do the same ie use it has a store of value when things are falling, get out quickly at a small loss when they want the funds back. Can't be the only reason though.

There's always people receiving SBD for posts and wanting Steem too so that puts near constant downward pressure on it.

I don't think there's any risk of the peg being removed, as it is an integral part of the Steem architecture.