What are the effects unstable steem dollars bring to us the Steemit bloggers.
You realize that steem dollar is too jumpy it's ever up and down,
it doesn't allow us the steem bloggers withdraw now and again the most annoying bit of it is,
when steem dollar rate to USD drops, it takes much time to shoot up and when it shots up in less than a month it cools down.
Fact
The jumpy steem dollar hinders us the Steemit content creators to withdraw money the way we may want.
you post and receive much steemit dollar but by the time you redeem them, conversion has fallen to 1 SBD =2.33 USD. From maybe 1SBD = 4SBD.
fact
2.People use bots and invest there steem dollar to attain more steem dollars.
Bots are trust worth they pay back, but you realize the unstable steem dollar make bot users incur losses.
Since one puts in 10 SBD, the bot returns like 25 SBD as one is assured of getting more than 10 after the 7th and due to unstable steem, steem Dollars.
Bot users attain losses.