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RE: STEEM Dollar Goes Above $9 Again!
How does this affect the steem price? I am assuming that then steem is undervalued? If something that should be backed by 10% of the market cap is 9x the price. I never really understood how all this works lol.
If SBD is having these blow off tops, when will it revert to steem?
Well typically in history STEEM followed when the SBD price shot up because if you have more STEEM Power you can earn SBD which can be converted to a ton more STEEM and either sold or powered up.
In general things here are priced in the SBD but under the premise that it is worth $1 US Dollar. So it will look like you are earning a lot less on the posts than you actually are.