Are you patient enough?
I'm always fascinated how things can change in a matter of minutes.
We've been in a bear market for over a month now and I was getting used of seeing the prices fall.
The movement for Steem from over 9$ to 1.4$ is quite a long stretch.
However, few hours ago - STEEM & SBD had a big pump.
The Pump
While it's nothing in comparison to the 9$+ values - the change from 1.5$ to 2.1$ as of right now - is a 41% increase.
But the more interesting phenomenon for me is the way that SBD has been pushed higher and is hanging at 2.68$ as of right now.
This means that the value of SBD TO STEEM is at around 0.8 - which gives you more STEEM for 1 SBD than few hours ago.
Patterns ...
For me, this shows exactly what I've expected - the potential for SBD is no-where near reached and the chance is high for SBD to go into another bull-run; and hopefully a very much increased value ratio from SBD to STEEM.
Now, since I'm not Nostradamus, I can't tell you when this happens or how high the ratio will go.
The only thing I wanted to bring attention to with this post is the following:
Are you patient enough?
When SBD had its previous run in December / early January and you could get over 7 STEEM for 1 SBD - there were people who waited patiently for this day.
People who had the patience to accumulate SBD and then sell it for STEEM at the peak, because they knew that STEEM's price would also rise in the future.
And those people maybe also sold a bunch when STEEM was at 9$ - who knows ...
However, what would you do if the chance for another SBD run was there - somewhere in the near future?
Are you patient enough?
it's hard to explain to the ordinary people that this season is a bear market and we need to be patient and hibernate. :)
hii bro,,, how are you
I guess you missed the part where Koreans did SBD PnD on Upbit.
Patience? LOL. It had +100% daily change from 1.5 to 3 usd. Picking shitcoin has 2 reasons: smallest pump value dissipation to lucky holders and easier price shift. SBD has small supply, and is supposed to be a stable coin. Less holders, less dissipation, counter-intuitive hold. It's funny how people seek causality. Especially if that causality makes you feel right or smart. There is no patience in this, only something considered illegal in normal regulated markets. They sacrifice some funds on small cap coin - sbd, people overreact on big cap coin - steem, bam they dump with 10x profits. Who will lose? People who wait for green candles to do something.
I have been very patient but I did convert my sbd during the pump because I want to power up as much as I can. I love SBD but I do see that most witnesses want it pegged to $1 for whatever reason so I just feel like having too much SBD around in my wallet might be risky. I had a few hundred and did nothing as it lost its value. I'd like to think I'm a little wiser now but I little more risk averse. Plus we get sbd payouts from selling votes to smartsteem so I know I always have those coming lol
There are enough Witnesses - including me - who don't want that. In the end - the market decides how high the price should be. And a peg like the current one before the big push - can always be broken; as we've seen.
Yes, that's smart ;)
In the end, everyone is at different points and has different amounts of SBD
I'm glad to know there are a number of witnesses who think like you do.
The classic law of supply and demand.
Why do you think so though? Is ti something we the minnows should be worried about?
i am realy happpy
We will have to play the patience game, i joined steemit after the major bull run that sent it to 14$ but i'm willing to wait for a similar or higher price :-D
Patience and consistency is the way forward to succeeding, not just on Steem platform but in all areqs of life.
Lets take Steem to the moon together.
We only succeed by not giving up along the way.
Thanks for the update @therealwolf
My plan is to accumulate Steem until 2020...
I am with you to the moon... for real :) Patience.... What goes up must come down unless it is out of this world.
2 days ago i am send 0.5sbd @smartmarket but i cannot receive upvote this post
plz chak it
back my 0.5 sbd
https://steemit.com/steemit/@manjubd/lady-santle-flower-photo-30-03-2018
In my opinion its just correction of downtrend i think we'll see rebound 2 weeks before Consensus (14-16 may) so 1st may that's my target.