A few weeks ago, the price of steem dollars (SBD) had risen and touched the price of 1 USD one coin. But today, prices of steem dollars (SBD) are back down and most likely the cause of the decline in steem dollar prices (SBD) is due to instability of the price of bitcoin. Price of Steem dollar (SBD) really depends on the price of bitcoin, if the price of bitcoin rises then the price of Steem dollar (SBD) will also go up and if the price of bitcoin falls then the price of Steem dollar (SBD) will also go down.
After I checked in almost all Market cryptocurrency it turned out that not only the price of Steem dollars (SBD) was down, but almost all altcoins were experiencing a period of rising and falling prices. And one of them is the Steem dollar (SBD) which is also the price is not stable aka up and down. Likewise with coins that are almost the same as steem dollars (SBD), namely steem, the price of coin steem is also currently fluctuating like current steem dollar (SBD) prices.
According to investors, now is the right time for us to invest by buying and trading as much steem dollars (SBD) and steaks as possible because in the future the prices of these two coins will rise again as the price of bitcoin rises. The influence of the price of bitcoin is equally felt by both of these coins, namely steem dollars (SBD) and Steem if in the future bitcoin soars both of these coins will also soar in price.
Formerly the price of the Steem dollar (SBD) also touched a very fantastic figure of 20 USD one coin. So there are so many people who joined and worked on several platforms based on the blockchain system. However, since the price has dropped so many people have begun to stop working on this stealth blockchain based platform.
Posted from my blog with SteemPress : https://rakan-sikula.000webhostapp.com/2019/01/the-price-of-steem-dollars-sbd-is-back-down-today
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