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RE: STEEM - Major resistance line broken at 3.65$ - Huobi listing ?
hi cryptopassion,
Good to see Steem get on Huboi exchange in China....this could be a huge move for Steem later on.
Should I bee holding Steem instead of SBD or does this event will help SBD to move up too along with Steem.
Today, I did a post about how Steem and BTC both moved up but, SBD went down within the last 24 yours. Do you know why this is?
I am puzzled that SBD went down.
I think that SBD followed the BTC (and other altcoins) correction while Steem followed its own path. I still feel like SBD will moon during the end of May or early days of June. If you study carefully the history of SBD, it rises to the moon and then drops within a few hours. You have to be alert at all times with SBD. Just my personal opinion!
so when things like that happen @tkappa what do we do? What do we do with our SBD to profit the most. I see mine go up and down all the time but I don't know what moves to make. I usually just end up converting to steem.
It depends what you want at the moment mate. Investing on Steem (or Steem Power) is the long-term "bet" for me. However, if you need cash or to buy something (like a car), it would worth to save SBD and when it rises (it has in the past and it will again) then buy dollars or Euros, or whatever coin you use where you live and handle you business ;)
PS. This is not professional advice but the way I personally operate.
ok....I recently started to watch SBD more. Before that I watched only Steem and SBD.
I am watching SBD closely because I transferred some SBD from Bitcoin into Steemit platform.
I wondered if I should be holding Steem instead of SBD in the Steemit platform?
Hello @hanamana
Most of the time SBD moves in the same direction that STEEM but not in the same proportion, sometimes more, sometimes less.
Here I think Huboi is helping the UP on the STEEM, the problem is they are listing only STEEM and not SBD. It is the same on Binance. So yeah, this difference of listing could also create a difference of move between the 2 cryptos.
Oh, okay. Thanks for explaining. Still I wonder if I should hold Steem rather than SBD?