Steem Dollars continue to trade at a slight discount, though traded as high as $1.05 yesterday, currently $0.96.
Hey man,
Can you go over why this fairly large 10c fluctuation occurs if it is in fact pegged?
What are the risks of the peg being removed and the arse falling out of it like we saw in EUR/CHF?
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.
Thank you!
no worries mate