It's interesting to see all these comments popping up about how it was an obvious pump and dump and how predictable it was.
The thing is, I don't recall any predictions regarding SBD being made. I'm not taking amy side here, I just think it's silly to be the general after the battle is over.
You can't make predictions on such an event, given it's very own nature: a close circle of persons manipulating the market. Unless you're one of them, obviously...
I don't know about other people, but when SBD was pumping all I was saying was "it's strange, unusual and interesting, but since it means you can buy very cheap STEEM, let's enjoying while it lasts, as the markets, as strange and unusual they may act, are always right".
You're right.
I too was rather curious about what was happening because at that time I knew SBD was pegged but didn't know it was only from the bottom. That said, how come it was 0,85 at some points throughout 2017? Odd, isn't it?
The thing is, the price of SBD was around $2 USD in May 2017 and there really was not much fuss about it back then. We will see what happens. If the manipulators cashed out their initial investment already, why would they not do it again? It's not like they needed too many people, anyway.
They probably have a good understanding of the platform as well. All they need afterwards is set up some sort of voting-bot and they are literally printing free money on top of printing free money.