SBD Update - Maybe Don't Sell If You Haven't Yet! Overnight TA + Chart Hopefully Bottoming.
This is just a quick note to follow-up on my recent post on finding a time to sell SBD.
When I began composing that post, SBD was at about 49000 Satoshis. Then, it took a prodigious dump just before I posted:
Bitcoin, and particularly the alt market (which crashed twice as much), also had a rough couple of evenings:
Anyway, if you decided to sell your SBD now, you'd be getting roughly 20% less Bitcoin for it, and that Bitcoin is worth roughly 10% less than it was yesterday.
My hope is that after a fairly sharp dump like this, we are going to see some recovery in SBD.
Update: Current price is showing some weakness:
For a larger technical view, we'll have to thank @Daudimitch (you should go check out and vote for his blog!) for the following chart.
SBD is compressing into a triangle (as seen by the two black trend-lines) which will force it to make a decision soon - up or down. As we are near the bottom of the wedge, price is expected to generally move back towards the top (50k-52k Satoshi). However, the price is compressed into the end of the wedge so a decisive break up or down is likely soon.
NOTE THAT ALL PREVIOUS WARNINGS ABOUT POSSIBLE RE-PEGGING APPLY. However, the technical picture looks substantially better than it did a day ago, so I can no longer recommend aggressively selling SBD. This is now a judgment call. Do your own due diligence. I am holding temporarily.
Best of luck with your trades.
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Hi, I started on STEEM last month and recently I've been buying bits of SBD. It's hard to directly get SBD for me. I just buy STEEM on Binance and then trade for SBD on in internal market. SBD has lots of utility so it is bound to rise. Maybe it's a good time to load up.
What kind of utility it has? Voting bots? xD
Voting bots
Stuff like lotteries etc.
$1 peg which no other currency except bitUSD has (maybe Tether too).I see SBD being used more in the eco-system than STEEM. I read that STEEM was never meant to be a holding coin. VESTS(SP) and SBD was the coins that were supposed to held. Let's see how free market plays out.
Gotta admit im enjoying the SBD speculation going on these past months.
Thank you. But what about the opposite way? is it a perfect time if I wanna buy some SBD? Or should I wait a little while..
That reminds me, I need to check and see how my Dogecoin is doing.
This is pretty funny.
Actually, doge has done really well in the btc downturn. It seems to be seen as a safe harbor when people wanna bail from Bitcoin for a while.
I'm aware, but it's amusing because the implication is that SBD is "semi-useless" like Doge is claimed to be by some.
Yes, I missed the joke. Folk love some doge, tho.
Thanks for sharing us a huge documents about sbd 7 so on.We can take out many updates from your every blog.
Thanks
Excelente realismo, aunque el pronóstico es patético--
I do agree this is just a fare compression nothing more i believe within just a month or a few months we will see a recovery in the price of sbd .it's the perfect time to hodl since the market is recovering slowly.
Do anyone know of why the SBD/USD peg was broken? Or it was only pegged as such only on the steem chain but not elsewhere on exchanges?
TIA
Nice analysis. I think it would be a better time to buy STEEM and SBD than sell. Buy the dips as they say.
Question is, will STEEM ever get to $10? Some say $15+ before end of this year. Time will tell.
Thanks for sharing, cheers.
This gonna be interesting,,,
THERE IS ALWAYS A SUN SHINE AFTER THE RAIN!
Another game to watch,,,
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