One reason SBD pumped to $7 back then was because of the first ever, “official”, “tether fud”.
At the time, steem backed dollars (SBD), was “known” as one of if not the only other $1USD peg.
That timing also aligned somewhat with Craig and Trevon cashing out around 6 figures each out of bitconnect (BCC) and helped create the steem and sbd tops. (They lost a significant USD amount in those investments but easy money goes easy too.
hive and Steem are also considered income for people, they are pressing the sell button. The only way we can counter this is by onboarding more and more users, and I’m talking about compounding new users month after month
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