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RE: What's Next For Steem-Backed Dollars (SBD)? Probably Up, Or Down...Or Sideways. So Buy! Or Sell...Or Hold?

in #steem7 years ago

Thanks for the update!

I dont get it... Why would anybody buy something for way more than 1$, when its actually pegged to 1$? Evrybody says it migh go up.. Why are there so high demand for this coin over steem? If you have found any information about this I would be very happy if someone would like to share it.

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The most plausible explanation appears to be the addition of new Korean demand.

"when its actually pegged to 1$?"

Well, we're seeing now that the SBD "peg" is a very soft one. It's more of a "suggestion" than a true peg. We'll have to wait and see if it returns.

Alright, thanks for the explanation :)