Adjusting My Price Feed To -2% - SBD May Cross Below $1
Given the sudden depreciation of BTC, SBD is going down faster than it should. At the moment of writing it was trading at $1, which is a good thing, but the downwards velocity seems a bit too high, and it may go under that. As a witness trying to enforce the SBD peg to $1 worth of STEEM, I decided to adjust my price feed to -2%.
It's the first time in months to have a negative price feed bias (which means I believe less SBD should be printed, basically) after a lot of efforts to reduce the SBD value.
There are still witnesses which are still having a positive bias: @reggaemuffin, @jackmiller, @liberosist (seems to have it at 20%, unusually high for the current situation), @charlieshrem and @guiltyparties.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
Wanna know when you're getting paid?
|I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards|