Coincidence that SBD is rising while Tether has its security problems!!! by masterthematrix

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cryptocurrency · @masterthematrix · Nov 22 '17 (edited)

$1.20

Coincidence that SBD is rising while Tether has its security problems!!!

Like many of us already pointed out that Steem Dollars, which is pecked to 1 Dollar worth of Steem, could function as a hedge against Crypto Currency losses. Because of the stable nature of Steem Dollars. 

Therefore I find it most interesting that right now with the problems of Tether occurring, Steem Dollars is making a massive move up. If Investors would found SBD really to be a safe heaven in regards to losses in other coins, this could really be a major boost for the price of steem in the future!!!

What do you think guys? 
I'm looking forward to your comments.  

![Nachdänklich.jpg](https://steemitimages.com/DQmabvVLaug5UtwSgipN8f46NGBFLYtfVX4kXND9Wnyu879/Nachd%C3%A4nklich.jpg)

👍 twinner, buggedout, peter2017, mynaturebody, masterthematrix, jmarc, iodoorclubmunich, petrmisan, avroraklim, me-do, dailyjoke

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@buggedout · Nov 22 '17

$0.99

I thought this too, but if this was a panic due to Tether then we would see the USDT markets on Poloniex and Bittrex showing it.

👍 flameburst, buggedout

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@jmarc · Nov 22 '17

$0.03

I agree. Steem hasn't been doing much lately but just popped through the roof. I show people that investing in Steem is a way to own a crypto without dealing with exchanges much and wallets. I'm glad to see we finally got a boost.

👍 masterthematrix, iodoorclubmunich

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@masterthematrix · Nov 22 '17

Yes I agree it is pretty simple once you have got used to the steemit wallet. And no transaction fees if you want to send money is just awesome!!!

👍 iodoorclubmunich

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@petrmisan · Nov 22 '17

Makes sense. It's also good for anyone in the Steemit ecosystem as it will bring beneficial scrutiny on the 1USD pegging.

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