It’s because we’re now at a ‘zero% print rate’. As @themarkymark so succinctly explained in this post...
This is the result of a large amount of SBD being held and SBD is worth more than $1 USD making conversion unattractive (if it was available).
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so because the sbd is $1, steem price is falling cos people can sell it straight away.
meaning untill we have more sbd, steem price will continue to drop?
not trying to fud. just curious
I don't claim to understand it at that level, @dunstuff – which is why I linked to @themarkymark's post. ;)
@zipporah I get it, thanks.
Yep! I started typing my reply to you (on my tiny iPhone) screen before anyone else had responded. Didn’t see all the other explanations that preceded mine until after I hit ‘post’. Sorry to be redundant! 🤪
@zipporah Hahaha, do not worry, these are things that happen.