BitUSD

[traveliando]

I am willing to pay 20$ worth of BCH or steem to someone who can explain clearly why the price of BitUSD fluctuates.

1. It should be clear fact not assumptions.
2. You can point to a link that clearly explains its fluctuations.
3. I already know how it is issued and that it is back by BTS collateral of 300%.
   If it is back by that much how come the price can go up and down in value? The fluctuation should be absorbed by the collateral.
   I want to use it as a hedge for volatility but can't figure out what causes the swings that can sometimes be as much as 8%.

I have open a topic on Memo.cash
You can post your reply here also.