Vlog 206: Binance Exchange Lists STEEM! + Poloniex disables STEEM wallets again + Steem price vs BTC + Dmania growth!
First a warning about Poloniex.
Poloniex disabled their STEEM wallets again. This means that you can't send or withdrawal STEEM or SBD from the exchange. Watch out!!
Binance Lists Steem (STEEM)
While writing this post I heard the news that Exchange Binance has listed STEEM here! Another exchange that wants to trade STEEM is great news!
Steem price vs BTC
While Bitcoin has gone below 10000 USD it has not dragged STEEM down with it like in the past. It's the opposite. STEEM has gone up.
For me it shows that STEEM is considered a safe haven in a BTC downtrend. Maybe the Weiss rating has something to do with this. But that's all speculation.
Dmania growth!
Dmania has seen a growth of 1000% in January (here). That's incredible and coincides with all the growth numbers we have seen lately.
I talk about it more in my vlog.
I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.
We build Steemify a notification app for your Steemit account for iOS.
Get it Here:
▶️ DTube
▶️ IPFS
I wonder why poloniex always disables steem wallet, I've long stopped using that exchange. I'm so happy STEEM is now on Binance, really great news for traders and hodlers. I can only see better days ahead, there is a really great anticipation of the SMTs which I believe has led to so much accumulation that is standing against the FUD of BTC dump.
Congratulations on the 1000% Dmania growth.
Hi @drepo15 Thanks for pointing out @Binance. I just checked and go sign up! If I can give you some love just give me your referral ID if you have one and you might get a bonus.
good post
Fusi cat😘
best regards please support and enlighten brother..
I do not know what is wrong with those exchanges....
Happy I did not had any steem into Poloniex, but sorry for the ones who had and lost it
Great stuff.Thanks for the post!
This guy makes a killing!! Would anyone watch an art blog?
I'm trying to understand why SBD could come down to $1. I'm actually wondering if you are taking into account the inflation increase, also upcoming hyper inflation and weaker US dollar day by day. The weaker US dollar, the higher SBD we have have which is a reflexion of the US dollar value losing purchasing power. I don't think we are going to go the logical way to due external factors here. I would love to hear your answer.
You can always convert 1 SBD into $1 USD worth of STEEM. This prevents the SBD from being worth less than one US dollar.
SBD has gone up because it's being bought on exchanges (for reason X) where it is traded and anyone can buy and sell it. This dictates the price. Currently $4,50.
The higher STEEM goes the higher the rewards will be. And because almost half of the reward is 1 on 1 in SBD more and more SBD's will be printed with a higher STEEM price.
The current supply is almost 8 million SBD (from 4.6 million 30 days ago). A huge increase already.
Given enough time I believe this rise in SBD's on the market will put pressure on the price and ultimately make it go back to $1 USD.
I don't know when or how long this will take. It could be a while.
SBD won't go below $1 USD because then users will convert it to $1USD worth of STEEM.
It is kind of crazy to have SBD so high. I think once SBD hits $1, this moment is going to be the peak of Steemit rewards for quite a while. SBD rewards right now are extremely generous, and the price of STEEM would have to get much much higher at $1 SBD to end up with rewards even close to what we're seeing now. Definitely glad to be active right now.
I think demand will push it higher. I am trying to investigate the creation of SBD and determine how and how many there are. If Steemians HODL their SBDs will the price rise more? SBD is needed for SMTs, so I want as many as I can get. Why should SBD stay at $1? When SBD is high, you can get more STEEM for your rewards, or you can invest your SBD in a SMT of your choice. Those projects will LOVE the high SBD price, which means more value in their SmartMediaToken.
allow me to experiment by sending one SBD
They are printing more Steem Dollars almost every day! Take a look at the circulating supply, before the price pump it was only around 3 million SBD in circulation but now at the time of writing this comment is exactly 7,815,700 SBD.
Minnows with less Steem Power, like me, are the most affected by this measure. They should've let the market decides the fate of SBD until the Steem price increases significantly. I don't see a considerable number of merchants accepting Steem Dollars after all.
On a side note, I am looking forward for the listing of Steem Dollars to follow on the great Binance exchange--so I can sell them directly into BTC and buy some other alt-coins.
Seriously I'm wondering why SBD reduced to $1. Some newbies are already complaining, but I believe it will come up soon.
SBD was intended to always be $1, it's STEEM you want to go up in value. Cashing out STEEM would give you more SBD, the more $1's the STEEM is worth.
Thank for the information guys.
SBD will must be back to $1 eventually
good...
this is very good news! I love tosee what this will do with steem and steemit.
Holy shit! This is awesome news (despite the huge correction, lol)!!! This might bring HUGE growth after said correction ends (looking for'd!)
But what about SBD? I mean, you can't exclude someone's twin brother like that now, can you? It would be mean.
Poloniex is so dated now. So many better exchanges im done with their crap. STeeem to moooooooooooon
This news is spreading like wild fire.
Well needed to have steem on Binance while Poloniex is messing around.
There will be more platforms attached to steem.
Steemians, sky is the limit.
Keep on steemin'
That is awesome - I would say: last chance to buy steem...
Is Binance welcoming new users? If yes I will move to it from poloniex.
Exyle, I have a question for you.
I sent SBD to Poloniex right before they put the warning up and I guess my SBD are in limbo...
After the problem is solved will the SBD be credited to my account?
Just curious if you knew. Cheers!
I'm tired of using Poloniex. They've frozen STEEM way too many times. It's not acceptable in the fast paced crypto world to have funds tied up like that.
Yes, it will. It has happened to me in the past. Had to wait 3 weeks for the SBD to arrive.
Another wonderful achievement for this great platform to be listed on one of the biggest crypto exchanges...Very excited! Definitely STEEM is the safest haven...
It's great news this morning!
Indeed!
Positive news on Steem and its platform.
thanks @exyle:-) for your great post
This is very good news my friend!I think now steem will fly to the moon!;)Good post great news!
As steem is listed on binance exchange which is biggest cryptocurrency exchange right now.so this is very good news for our steem coin .This indicates that steem has very bright future.
Super excited about STEEM on Binance! It's my favorite exchange. After Bittrex froze NEO and doesn't pay out GAS rewards I've been looking to move away from it.
Yeey, Steem dollars next :D
Ohh that is amazing! Since I heard about Steem I´m in love with it