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RE: Bad news for Steem? Steem Dollar finally slipping below $1 again at a not very opportune time.

in #steem4 years ago

Basically. He's saying that when you convert using the internal mechanism, you will lose because SBD is more than $1. However, if the value drops significantly below $1 and the price of Steem also drops, the 3.5days conversion will lead to drop in Steem price due to increased printing from the conversion.