Steem Dollars Supporting Steem Price

mynewsteemit (55)in #cryptocurrency • 7 years ago

The price of Steem is coming close to the $1 USD mark. It briefly dropped below it on some markets. My first though was if it drops below $1 USD it's time to convert Steem Dollars to Steem. I have to assume others have had this thought as well and this will keep the price from falling much below $1 USD.

Thoughts?

#steem

7 years ago in #cryptocurrency by mynewsteemit (55)

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stefen (58) 7 years ago

Steem dollar value is drastically decreased. I hope it get's better in the coming days. :-)

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mynewsteemit (55) 7 years ago

I see that now too. The price of SBD has dropped below $1. The peg is not working so well.

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rohitrajput (58) 7 years ago

Useful information. Yes, convert your steem dollar into steem power or steem.Thanks for sharing.

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journeyoflife (67) 7 years ago

I hope we see a rise, lots of loss occurring right now for many people

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trendo (58) 7 years ago

I've converted my SBD when the price of steem was like 1.35$. Didn't think it will drop even further. But yeah I guess a lot of people will be converting SBD now so steem won't drop below 1$

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yaan (59) 7 years ago (edited)

I have similar thoughts, hope reality will be the same!

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cryptomonitor (65) 7 years ago

Yes, best option is to convert to steem.

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