whats up @surfermarly!!! boy I feel like I have some steemian friends now!
The way I see it right now is that people bought SBD at $1.00 (or were awarded). Now if you had to choose to cash out your SBD at $2.00 (like i did) or spend your SBD on upvotes... i think cashing out makes more sense. THEN, if you are a bot operator, you're thinking about how much you agreed to pay your delegator in SBD, and hurting thinking about it because you can sell your banked SBD at over 50% markup back into the market. So the delegators are pulling their delegated SP. This is how i see the rise in SBD hurting bots. If SBD maintains a high long enough, the bots who use delegated service will out of business quickly unless they switch their payments to STEEM, which is still relatively cheap!