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RE: SBD is not mooning

in #sbd7 years ago

I had thought that SBD were pegged close to $1. It mooned to $20 at one point (which it shouldn't but holly moley).

When I see it go up, I know not to buy.

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It should be $1 but a new exchange came started to list STEEM/SBD and non-steemians fomo'd over SBD instead of STEEM not knowing the difference and the price has pegged since then.

As a witness, we have tools to maintain the peg but only effective in the upwards direction if it goes too far below $1, bringing it down has side effects.

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