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RE: Weekly Steem Stats Report - Monday, January 15, 2018
I wonder why the weekly amount of SBD converted to STEEM went down so much these past weeks. Does anybody have an explanation?
I wonder why the weekly amount of SBD converted to STEEM went down so much these past weeks. Does anybody have an explanation?
Because selling SBD on the market is far more profitable than executing a conversion at the current price.
Ah, that makes sense. Thanks ;)
Because the price of SBD is adjusted with bitcoin prices, while the price of bitcoin in this week dropped dramatically to reach more than 50%