After the exchange rate hits 1 steem for 1 SBD, what do you predict will happen next? Will the exchange rate return back to around 2 steem for 1 SBD or will it go the other way entirely and steem will become more expensive than SBD?
After the exchange rate hits 1 steem for 1 SBD, what do you predict will happen next? Will the exchange rate return back to around 2 steem for 1 SBD or will it go the other way entirely and steem will become more expensive than SBD?
My expectation is it will return to 1 SBD = 3-5 STEEM. Why? because the peg to 1$ is broken. Dan Larimer confirmed it.
Thank you for the reply!!
Would you please explain what "the peg to 1$ is broken" means?