SBDs Are AHEAD of Steem! Haha.. So Much For the Claims That SBD Will Never Get Boosted Again!
After the original boost of SBD up to $15USD - away from its intended peg of $1USD - and the inevitable price drop that followed, it was understandable that many would think it would never be so boosted up again in comparison to STEEM; But.. Well, it was unexpected that SBD would be boosted up to $15 at all - so why should it not occur again?
The current price of SBD on Bittrex is $4.59 as I type this and STEEM is $4.12 - So against all the commentary, SBD is up higher again! I deliberately avoid giving predictions for prices of coins, especially STEEM vs SBD because I have seen over and over again that the real world behavior does not conform (often) to the logic that many of us hold regarding how they 'should' behave. There are so many people trading and using these coins that it is really impossible using linear logic alone to determine where the prices are going in a reliable way. Any group can come along and buy/sell in large amounts with no warning and so .. I keep my mouth closed and look at the medium/long term movements instead of short term.
What are your current strategies for SBD and STEEM? I am intending to HOLD now as I am in a stable financial place for the first time in many years and am thinking longer term of how to achieve some projects that I consider to be important for humanity and our planet (and therefore also for me too)... I see SBD and STEEM being consistently decent performers, so for the next few months at least I will let them perform!
Wishing you well,
Ura Soul
View My Witness Application Here
I am accumulating as much SBD as possible and waiting for its next bull run. Last time I missed the chance to swap on a good ratio.
So my plan is to gradually swap my SBDs to STEEM and then SP during the next wave. Starting from around 2 STEEM/1 SBD and hoping for 5:1. But we will see, it's hectic indeed because it's controlled. If you look at the Bittrex graph, anyone can see that some people play with the BTC/SBD pair. And when they do, they do it in big. That volatility, sudden 2-3-5-10x and then going back to the original price in minutes/hours is unusual normally, even in crypto, especially for something that is pegged to $1.
Hmm, I did not know this, so thanks for the heads-up!
Good move! I have held some this time too :)
I'm always happy when SBD goes up, but I don't forget the high inflation rate of SBD.
Chart is included in my weekly steemit statistics:
https://steemit.com/steemit/@sevenseals/steem-statistic-charts-week-06-country-statistcs-included
btw, i notice that you tried to increase the percentage of your vote for this post, starting at 5%, then cancelling that and going up to 50%. The actual vote payout did not increase as a result and I think I remember reading a long time ago that if you do that then the resulting percentage is 0% for that vote. I'll check with the witnesses.
edit: ah, I see your vote power is quite low, that's probably why i was confused.
I didn't know that.
But the displayed voting value increased.
Ok, thanks - I just expected it to go much higher than it did because I didn't realise your voting power was so low at the moment.
very relevant, yes.
Man i had before that pump a lot of SBD and they had been there for months.
I got bored to wait (I was back when the only cryptos i had where SBD and STEEM) so after seeing they bleed slowly and BTC go up and up i moved them and started day trading...
I had around 6000 sbds and sold them at about 93 cents... next think i know this thing was 3$ then 4.. 5 7 10 .. 15 whaat!
So there is the moral:
HODL
Says the guy who changed to steem half of his SBDs to go and rent a delegation yesterday lol
I did pretty much the same thing, I thought I was doing well with the other cryptos until SBD exploded.. I coudl have just forgotten about them and ended up with more than I did through trading. Lesson learned!
Lets not forget that the Haejin wars seem to have ended, so no more people powering up like mad to fight Bernie, so we are back to the korean pump on saturdays...
Maybe we can try and explain to them that what needs pumping is STEEM... but after i have managed to power up lol...
I tried to find a Korean translator but so far I have failed.. If anyone knows one then let me know.
Hahaha by what i've seen half of steemit speaks korean... Wait no those are shitposters with google translate hunting for thier vote...
Maybe that is the way to go ? I will give it a try since i decided to resort to all kind of grey shit to keep my project afloat lol...
하하하, 내가 스티브 밋의 절반을 한국 사람들에게 말하는 것을 보았습니다 ... 그 표트르데는 구글의 사기꾼들이 투표를 위해 사냥을 번역하는 것 ...
어쩌면 그것이 갈 길입니까? 내 프로젝트를 계속 유지하기 위해 모든 종류의 회색 똥에 의지하기로 결정한 이후로 시도해 볼 것입니다 ...
hmm.. i'll run that through the korean part of my junk DNA sequences.. I'll let you know what you said. :)
I have no idea but it looks really cool. I think i will use it as a separator in posts, hopefully it is just wishing good luck and might XVG raise with us...
there's a 50/50 chance you are going to get paid for it or start a war.
I'm actually going to try out the savings account for awhile, until the Steem Backed Dollar heads to the Moon, then I'll cash em out for some more Steem!
What do they mean SBD will never get boosted again?
It is obviously in the middle of a market cycle.
SBD will probably go up to $10ish before falling way back to $1 and then trading sideways for a while.
Advice? If you are not an active trader, then I would diversify into many coins. Bitcoin, bitcoin cash, litecoin, monero and steem.
Steem is actually going to do quite well, but it is inflationary.
If you are an active trader, there are going to be times when steem outperforms the rest of the market.
I think the logic is that it was a mistake to buy up lots of SBDs since the price will eventually return to $1USD (in theory) and that whoever bought all the SBDs would learn quickly that this was the case and not do it again.. However, that is quite an assumption to make considering the large number of people involved.
When thinking about this, I thought of this other viewpoint.
Wouldn't you like to buy a crypto-token that has lots of upside potential AND its minimum price is guaranteed to be a dollar? That is a hellava guarantee.
I converted all my SBD-s to steem back then. I had like 50-60% profit on it, then boom, it's price doubled again and again. So that was a missed great opportunity, even though my trade seemed to be nice back then. I'll probably try to HODL the SBD-s this time, I see potential bull run soon, it might reach its all-time high in the upcoming future, or even higher. So it's just a matter of time.
yes, me too - and no doubt most other people!
What's about crushing intentionally SBD to 1.00$ by Steemit hardfork?
As far as I am aware, the only way that could possibly work would be to essentially stop paying out STEEM for posts and to only pay out SBDs but even that doesn't guarantee that SBD will go to $1USD. @dan made it clear recently that SBD has a fixed low point of $1USD but no fixed high point.
https://steemit.com/steem/@aggroed/still-in-defense-of-a-high-sbd-why-witnesses-should-not-implement-steem-to-sbd-conversions-now
I'm not 100% clear of what is being proposed here. Is the idea to force the internal market to artificially change the rate of exchange between steem and SBD? The external markets would not adopt that automatically, so I'm not sure how that would work in the real world. Such a plan also opens the possibility to massive collusion and manipulation within those who decide on the fork system, since they can decide in advance how to change the process in future and then build up reserves of one of the tokens, ready to cash in on a later fork - this is exactly what happens in the non crypto world.
@timcliff explains it in this video. From 5:00 mark
https://www.youtube.com/watch?time_continue=565&v=pNpR6Iz5ndg
thanks - I listened to about 25 minutes of it and enjoyed it so far - it's good to hear time and aggroed talk on this. that said, i still don't understand how this process would work in reality. if someone holds $100SBD that are valued at $1000USD and suddenly $1USD of STEEM is worth $1SBD through force in Steem's internal system then wouldn't that result in a rapid sale of steem for SBDs on the internal market, with the SBDs then being dumped on the external markets - making the holders of STEEM that use Steem as a utility suddenly able to make massive profits and then everyone else on the external markets losing out hugely? Maybe I am misunderstanding the mechanics here, but the details appear to be being missed out - either that or the idea is madness.. lol
it sounds like the plan is to artificially fix the exchange rate of Steem to SBD in the internal market, ignoring the price feeds generated by witnesses.. but since that hasn't been specifically stated, i accept there may be a completely different mechanism involved that i haven't understood and which hasn't been fully described.
I also don't understand it all. I'm on 50:00 mark and they are still talking about Steem/SBD price.
If I'm correct Dan and Ned are in some sort of fight. I heard Dan said he don't want be associated with Steemit any more.
Yes, that is correct as far as can be publicly seen, but Dan basically invented the Steem system and has only commented on how it functions. Is it possible that he is trying to make Steem crash to replace it with his own new version on EOS? yes!
He commented something like that. Ned flagged his post about EOS and also I think Dan think Steemit become too centralized. Also saw Dan flagging @haejin posts to 0, in same time Ned commenting that @haejin and @berniesanders fight is good to Steemit community because it gets attention to Steemit. Two opposite views.
I probably agree with dan about centralisation - I'm intereted to see how EOS plays out - I suspect he might run into exactly the same problem with Block one as he did with Steemit Inc. - though maybe their agreements are different to prevent that.
I think the solution is in the governance not in the strict rules.. that is where i disagree with @dan, he wants to impose what is right, and people wont accept anything imposed...
Remember the keyword here is: Concensus
The parable of the King in the little prince explains simply:
You can not impose something that people are not willing to accept.I don't really know exactly what he is planning in that regard.. Ultimately he will be presenting a model and can change it if people don't like it.
This Boost up is inspirational for new users in steemit..! 🤗
from the perception of a fairly new comer in this community, i feel influenced to contribute more to this community.
as i m being paid on SBD here, I feel more insured about financial values of my contribution. all that blockchain, crypto exchange stuffs are not an easy subject to understand qucikly, i suppose. so seeing SBD price growth is like plain indication of my financial development.
I think many other new users also feel the same..!🤗
~Tennis Girl 🎾🎾
Well you better read about what an SBD is supposed to do and how much should be worth if the ones governing the platform were doing their part.
SBD are meant to be a fixed value asset so you can exchange it for good and services, not another token to speculate on the crypto market...
One day we will get people who knows about macro economic development running the show... in the mean time set your posts to 50/50 and profit from the system as everyone else is doing
yeah, i m new here and a lot yet to learn..!
thanks for the info..!
best wishes..! 🙌
You are off to a good start :)
You are not that new with that 41 rep, but you are joining the discussion and that is what helps shape ideas in to realities.
Love seeing this. I was tempted to transfer over to SP last week when it dropped below a dollar, but I held, and its paid off. Steem and SBD have held up amazingly well in comparison to other coins during this ugly few weeks for crypto coins
ura-soul,i like your way of thinking and it is a got time to hold and stand firm.We may not see a bitcoin bubble grow and grow but in these uncertain times i think we should try to gain a bit of all types of currency.If one drops off you have something to fall back on.Im aiming to have some gold and silver shares aswell as crypto's.good post