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RE: What is Happening to SBD? Something is going on...

in #crypto • 2 days ago

.. and just as interesting: why does SBD pump to anything over US$1... EVER? The whole point of SBD is that it's only worth US$1 worth of STEEM... so buying SBD at $8 on UpBit and then trading it for STEEM will realise a loss.

The only thing I can think of is market manipulation... but then For What Reason?... How do those manipulating the price benefit?

2 days ago in #crypto by
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     2 days ago 

    Hmm... almost (99%) all SBDs are locked in Upbit..

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       2 days ago 

      Yeah, I can see that... but what could the possible benefit be to pump the price of SBD on UpBit (or any exchange)... the buyer is never going to get his (US$) worth back when he wants to sell (unless he sells to someone else that also wants to buy overpriced SBD)... it just doesn't make any sense? hmmmmmmmm

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       2 days ago 

      Yes, the market is just crazy....

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