You are viewing a single comment's thread from:
RE: Daily Discussion No. 6: What is UP with SBD? And is This Going to Last?
Ive read earlier on that the supply of sbd is way less then the steem..hence the high price spike. And to sell if higher than $13.5...otherwise hold ur sbd.😃😃😃
Yes, the supply is quite small... 3.6 million coins, or so.
It seems likely to me that this is being driven by the Korean market... the volume on Bittrex has been MUCH higher than Poloniex (even with wallet issues) and Bittrex is partnered with UpBit which suggests a connection there.
So in the future..this will be the deciding rate for sbd? Somebody or some people are definitely buying sbds.
I'm afraid your guess is as good as mine. I suppose it will depend on how concerned the witnesses and STINC are... one possible outcome might be the delisting of SBD on "external" exchanges, making it so that we could only trade SBD for Steem in the internal market, and then trade Steem on the other exchanges. But that's just speculation. For the moment, just going to enjoy this as a "holiday bonus."
Well..getting 20 steem for 3sbd was fun🤣😋