Another way of thinking is that with price increase in SBD, almost all users are taking 50/50 profit and therefore, blockchain is producing more SBD. Since large number of users are converting SBD to STEEM due to astronomical ratio. Therefore, STEEMs supply is consumed and STEEM's price should rise due to demand. However, people are earning 4-6 times due to how payments are made. In theory, it should help STEEM's price, but SBD holders/traders are at risk in the long term. I wonder how long it can go on. Who are the people/traders who is buying SBD or hodling it? Is there a group or group of people intentionally pumped the SBD so that they can earn 4-7X times, I am not sure.
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