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Question asked on Musing.io by philipkavan

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· @philipkavan ·
Question asked on Musing.io
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properties (23)
authorphilipkavan
permlinkpka2l6cnx
categorymusing-threads
json_metadata"{"app":"Musing","appTags":["steem","steemit","sbd","cryptocurrency","platform","blockchain"],"appCategory":"steem","appTitle":"How come I see the price of SBD going up when the price of Steem going down?Don't you think price of SBD should also go down or up with Steem as those two currencies come from the same platform?","appBody":"I used to think that price of Steem and SBD was supposed to head off the same direction.But lately I see that I am completely wrong.What do you think about it,why is it like that?","appDepth":1,"musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"question"}"
created2018-11-17 12:49:48
last_update2018-11-17 12:49:48
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vote details (2)
@abdulmanan ·
Question answered on Musing.io
<a href="https://musing.io/q/philipkavan/pka2l6cnx">View this answer on Musing.io</a>
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properties (23)
authorabdulmanan
permlinkf3gq6gjn5
categorymusing-threads
json_metadata"{"app":"Musing","appTags":["steem","steemit","sbd","cryptocurrency","platform","blockchain"],"appCategory":"steem","appTitle":"How come I see the price of SBD going up when the price of Steem going down?Don't you think price of SBD should also go down or up with Steem as those two currencies come from the same platform?","appBody":"<p>It's not in our hand, both these currencies are trade able in the exchanges, and investors are trading on them, and the result of this trade takes the price up and down.</p>\n<p>It Totally depends on demand and supply of the coin, now's a days steem has less demand then sbd, that is why, it is going down and sbd is going up.</p>","appDepth":2,"appParentPermlink":"pka2l6cnx","appParentAuthor":"philipkavan","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
created2018-11-17 13:29:57
last_update2018-11-17 13:29:57
depth2
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last_payout2018-11-24 13:29:57
cashout_time1969-12-31 23:59:59
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vote details (4)
@resuscitate ·
Question answered on Musing.io
<a href="https://musing.io/q/philipkavan/pka2l6cnx">View this answer on Musing.io</a>
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properties (23)
authorresuscitate
permlinkp3bbytc2x
categorymusing-threads
json_metadata"{"app":"Musing","appTags":["steem","steemit","sbd","cryptocurrency","platform","blockchain"],"appCategory":"steem","appTitle":"How come I see the price of SBD going up when the price of Steem going down?Don't you think price of SBD should also go down or up with Steem as those two currencies come from the same platform?","appBody":"<p>I think market factors don't determine the movement of sbd as much as steem. Sbd is pegged to not fall below a certain price range while steem is left for the market to determine its price. That is why sbd has been fluctuating in the $0,95 to $1 price range while steem has been falling freely. That's the way it was designed to be</p>","appDepth":2,"appParentPermlink":"pka2l6cnx","appParentAuthor":"philipkavan","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
created2018-11-17 14:18:30
last_update2018-11-17 14:18:30
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vote details (2)