If the point of SBD is to be pegged to US$1, then it makes sense to bring it down. When the investors that have pumped SBD realise that they are supposed to be on steem, not SBD, they'll swap. The only thing I don't understand about what's happening is why steem is so cheap on the internal market. It should be rising in price as more people take 50/50 rewards and buy steem to power up. But it's been getting cheaper over the last week.
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Could we see a game being played here? Pump the SBD to get people to buy the unlimited flowing Steem that is being printed in mega quantities at all times as we speak?
The crypto market bears many secrets and I would bet that there are many whales playing games we don´t know about. So the possibility is definitely given.
Whales are dumping steem in masses, one good example is @dan who is selling a lot every few days. And since everyone who converts their SBD wants to cash out the profit, we are loosing out in steem price.
And you have to overlay the BTC price changes on all coins, so that obfuscates prices even more.
So do you suggest I HODL the SBD i have or exchange for a different crypto? @reggaemuffin
In my opinion: Exchange it for STEEM in the internal market and HODL that (maybe power up).