RE: @ned @dan Is the SBD still supposed to go back to $1 or should we HODL ? We could use some rules for this game ....

[fractalnode]

SBD is pumped by dumb money.
Some of the funds are invested in everything as it flies, because there is no time to check what is what.
Enjoy!

Comments

[the-ego-is-you]

100% Although if it will continue to rise over time, which theoretically it could, who's dumb then? The STEEM investors that never got to see as steep of a price rise. And when it experiences volatility to the downside, the users looking for a dollar pegged asset.

[fractalnode]

the whole steemit ecosystem (should) generate sale pressure.
However I think that it would be useful to reduce the settlement period from 3.5 to 1 day like bitUSD in #Bitshares. People are impatient and that is why they are sometimes able to pay for something more than it is worth.

[the-ego-is-you]

It does look like the BitUSD is working a whole lot better than the SBD... What is the difference exactly? Only that?

[fractalnode]

1. settlement of bitUSD takes 24h
2. watch this :
   

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and this:

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[the-ego-is-you]

I watched that now. What creates more sell pressure though, is that simply due to the settlements being more frequent?