SBD - ATH at $3.82 - Followed the big UP of the STEEM
Hello all,
The SBD (Steem Dollar) reached the TOP of $3.82. Incredible !
The SBD is supposed to stay as closed as possible of 1.00$ but we had a big move which followed the UP of the STEEM.
I don't want do a technical analysis about the SBD because it's value is impacted by Witness actions and so a prediction cannot be accurate.
I had some SBD that I saved all this month. I took the decision to sell them all and change them in STEEM because I think we will soon go back around the 1$ value. If one of the coin should start a big UP, it should be the STEEM and not the SBD but who knows :p
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Version française ici : [FR] SBD - Sommet à 3.82$ - A suivi la belle montée du STEEM
As a trader, I recommend you the trading platform Bitfinex
10% discount on your trading fees for 1 month via this link !
Maybe will someone be able to explain what really happened in steem world? For so long both steem and SBD were tumbling around ~$1. And tonight steem jumped +25% while SBD +230%. Why is this? Why this SHARP jump? And what makes sbd to walk so much away from it's native $1 where it should sit all the time ? This SBD price fluctuations is a total mystery to me
We had a massive buy of SBD, this is why we are so far from 1$ now but I think we will be back soon to 1$ as all the owners of SBD will enjoy to cash out.
Regarding the STEEM, this is the same but I hope it is not just a pump and dump and that the break out will continue.
Still see no reason for someone to buy SBD. Why not buy STEEM ? yesterday they both were the same ~$0.95. Both tradable and SBD can not be poweredup directly has to go into steem anyway before the power-up.
Mystery
I've followed SBD for quite some time now, and it experiences P&D just like the rest of crypto (with the exception of USDT and BitUSD, both of which are basically P&D immune). What's the explanation? The only explanation I have - and this is not based solely on the fact that it too pumps beyond belief, but also on what I see and hear traders talking about and doing - is that the vast majority of crypto traders don't have the slightest clue as to what SBD is! They think it's just another shitcoin that periodically moons! It's incredible the general ignorance on the part of the majority of the so called crypto trading experts. And it doesn't stop there. Most don't even have the faintest idea about what risk management is - just look at how often you see them talking about "HODL" and "their bags". They're just extremely lucky that they're involved in an unprecedented bull market and that they get bailed out by periodic bull runs, otherwise they'd already have gone broke. To summarize, the answer to your mystery is: complete idiocy!
why it goes up? what witness did?
What caused this? Also why is steem dropping right back down? Just a pump and dump ?
I would say it just normal to go back for the SBD.
Regarding the Steem, we need to see, possible pump and dump or too much people were waiting a UP to leave and so they are taking their profit now. So let's see the coming hours, if it is a real break out the up should continue
I noticed this last night too https://steemit.com/steemit/@dksart/something-strange-is-going-on-in-the-markets-sbd-double-the-price-of-steem
it almost seems like someone purposely inflated the value of SBD so they could buy cheap STEEM on the SBD/STEEM market exchange on steemit.com, when this happend STEEM was selling for around 0.50 on steemit.com market, it has been slowly increasing since but the 24 hour volume on the steemit.com market is over $50k, normally it is between $12k to $20k
Nice analysis my friend ;) Thank you
Hi,I am Bangladesh and I upvote you.Wow thank you for this information. I think you are doing a best work on steemit.Reall this blog is very information to others. GOOD LUCK😆
thanks bro upvote me
Hi @cryptopassion after a long time visiting your post :) why this market is down now ? Now it is trading at $0.52 and still going down .. Does it effect users in steemit ?
it is not 0.52$, it is 0.52 SBD which is really not the same.
As SBD is now around 2$, this the answer of your question
Good day for steem any one earn good amount.
This post has received a 2.31 % upvote from @boomerang thanks to: @babarrajo
@boomerang distributes 100% of the SBD and up to 80% of the Curation Rewards to STEEM POWER Delegators. If you want to bid for votes or want to delegate SP please read the @boomerang whitepaper.
Wow man SBD is so high! Good post. Resteemed
Nice to see Steem Dollars picking up steam :)
Will they come back down close to $1?
nice .i like your post
hlw\
please upvote and follow me back