RE: BEWARE All Steemians :- Stop selling your SBD right now in Brittex/Poloniex.
Informative post - I hadn't noticed SBD was back near 1 dollar.
I think the original plan, though, was that SBD should be roughly equivalent to 1 USD? I'm not sure what mechanisms were in place to try to maintain this, but there are mechanisms in Bitshares which has allowed bitUSD to hold its dollar equivalence very accurately over time (if you look at https://coinmarketcap.com/assets/bitusd/).
What I'm wondering is if it was just the whole recent bubble/hype/mania which caused SBD not to maintain its dollar equivalence and become worth more. And, now the bubble/mania phase has died down, SBD might return to closely tracking USD again, and perhaps stay that way for the medium term.
Of course, not so good if you hold SBD and they are not so valuable now :(, but it could mean the system is technically working in a better way(?)
Anyway, I'm just speculating - a witness could probably answer these questions accurately (I'd be very interested to know :) ).
Thanks, nice analysis, i hope it will back soon.
If there is indeed a floor built into the system, which means it shouldn't below $1, then your advice is really good. I.e., if it can't go down further from here - but since it still has the potential go back up, then now wouldn't be good be a good time to sell - and instead better wait and to see if it does go back up :D