I changed it before the SBD pump. Initially, SBD was pumped due to a new Korean exchange listing STEEM/SBD and non-Steemians bought SBD instead of Steem raising the price. Now people are holding SBD at a high price and don't want to cut their losses too much, so the price is holding a bit.
I'm not 100% sure on the current pump, but I think it is a combination of current high being taken advantage, people holding at higher than the coin is worth, and some internal factors going on.
Did you change the interest rate on SBD because of the price at the moment?
I can't work out why Steem price is being dragged up and beyond the SBD price.
What are your thoughts?
Cg
I changed it before the SBD pump. Initially, SBD was pumped due to a new Korean exchange listing STEEM/SBD and non-Steemians bought SBD instead of Steem raising the price. Now people are holding SBD at a high price and don't want to cut their losses too much, so the price is holding a bit.
I'm not 100% sure on the current pump, but I think it is a combination of current high being taken advantage, people holding at higher than the coin is worth, and some internal factors going on.
Cool, thanks for the info, I had no idea about that Korean exchange, I wish they'd start pumping Steem as well :-)
Cg