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No No No... what happened is that during that spike the SBD price was MUCH above the Steem price... that graph has nothing to do with steem price.

When the SBD to Steem ratio is high, buy.... this is when SBD is superior to Steem buy.

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STEEM 0.06
TRX 0.32
JST 0.059
BTC 66513.80
ETH 1991.94
USDT 1.00
SBD 0.49