That's not what it was designed for:
"Steem Dollars - Steem Dollars (commonly abbreviated SBD) are liquid stable-value currency tokens designed to be pegged to $1 USD. Steem Dollars can be traded with STEEM, and transferred to other accounts for commerce or exchange. Steem Dollars may also be converted into STEEM via a process that takes 3.5 days."
Source: https://steemitwallet.com/faq.html#What_is_the_difference_between_STEEM__STEEM_Power__and_Steem_Dollars
SBD is not a stablecoin anymore, so welcome to the SBD volatility, most probably Justin Sun manipulating movements.
Cheers
Who cares.
Buy Low… Sell high….. convert everything to Bitcoin and Blurt on Hive-Engine
I do care, a lot, when things go different from what it's stablished in their project's white book. Not something that I would invest or trade in due to the lack of trustfulness.
About buying low: the "low" as you know is always relative and what today may be a low, tomorrow could perfectly be a "high"... if it was so easy, all of us would be millonaire nowadays.
Cheers
In crypto nothing makes any sense.
I’m up 87,000,000 % on PEPE ???
So … collect Free crypto and sell when you reach your target.
Even with the Layer 2 coins on Hive-Engine.
Earn $100 a day. If you have a few good Meme blogs
You're so right, even more with layrer 2 coins...
I don't blog since I have no free time due to my RL duties but blogging steadily will make you a great stake of cryptos which at the same time will give you liquidity to trade.
Cheers
The SBD peg is less than 1 dollar, this high price is only happening on Upbit which will remove the SBD by day 12, probably the deposit and withdrawal is paused.
HBD ?
😅 SBD
I keep reading that HBD (Hive Backed Dollar) is about to drop to zero but it seems to be pretty stable around .95 cents …. Good place to earn 15% I guess …. Earn $200 a month you can use to buy Bitcoin, Dogecoin and Blurt on Hive-Engine.com