RE: DCity - Update? Not yet! Take this chance to buy up some SIM before it moves out of BETA!
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This is the most bullish future for DCity that I have seen in a long while and I also have been feeling tired of DCity. What do you think the effects of HIVE pumping again will have on the price of SIM? Do you think it might affect the forecast that you have put up?
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There is a contradictory aspect here, SIM has tended to follow DEC, which squeezes when HIVE pumps. But unlike DEC, SIM is not tied in any way to the USD, and so a HIVE pump should reflect more people interested in HIVE and be good or at least neutral for SIM. At least one reward pool is paid out in HIVE @dcityrewards
There will always be the people who will want to sell when prices go up, this will be a legacy of hive getting so cheap!
Time will tell, but there are competing forces on this question!
Thanks for the answer. It is something we can only figure out in the future since there is no actual peg. I didn't really realize that SIM tends to follow DEC though and I personally thought it was reacting to the price of HIVE.
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