The Huobi Steem Pump is Back: $4.45 and right back where we left off!
After getting some great news for steem the other day, we got some not so great news shortly after.
After seeing this on the website of Huobi:
We all celebrated and watched the price of steem go up 30% in a matter of a couple hours.
Then shortly after, we were gifted with this little update:
Ugh. Talk about a kick in the shorts!
The price of steem followed suit as it retraced about 80% of those initial gains we saw on the steem listing announcement.
Just in the nick of time!
Then, just when things looked like they might be getting a bit bearish for the price of steem we got another update from Huobi, and this time in the form of this:
Yes!
Turns out the postponement was not for very long at all.
Best of all, the price of steem has responded favorably as well.
Check out the chart:
We are almost right back to where we were yesterday on the initial listing announcement.
Steem will officially begin trading over there tomorrow at 4 pm EST.
Will we some some follow through of the recent bullish price action or some profit taking?
We will know for sure in about 24 hours.
Stay informed my friends.
Follow me: @jrcornel
Thanks for sharing this. I'm glad the postponement wasn't long and it's great to see Steem rising again. I hope we see this bull run follow through. There will be great times ahead.
I want to sell my sbd's for steem but damn the prices is not good for selling it right now so I guess I'll hold and wait to sell low. Hopefully SBD will go high for a minute and then I can sell it and get steem.
Oh well, I'm good either way, things are good. as long as steem and sbd's are higher than $3. Since I started building at $1.50
I believe that as more and more youtubers get frustrated with YouTubes BS and random de-monetizing flags for no reason, that more and more content providers will jump ship and bring their audiences to steemit and DTube. As a very new youtuber that just started making videos, I can tell you I have had a heck of a lot more success here on steemit in less than 5 days than I have had on YouTube in 2 months. And that's why I will be investing heavily in Steem and my Steemit account. As more and more new players come over to Steem from other platforms the price of Steem will continue to skyrocket. A lot of people I know (myself included) thought Steemit was some crazy scam program that would not last, but after less than a week on the platform I am now kicking myself for not coming on board a hell of a lot sooner. I have no doubt steem will be in the top ten very soon.
Great comment and great points. Welcome to Steemit and Steem btw! Bring your friends! :)
Thanks, and will do :-)
It’s nice to finally see some gains from all those months of losses! Thanks for the share!
I agree. It will be interesting to see what happens when the trading goes live on Huobi tomorrow. My guess is not much happens, but you never know.
Why loss? Are selling your steem in cheap price?
Steemit is growing rapidly as a social media. It was a matter of time to rise the Steem price. Good to see. Thanks for the news.
I'm happy Steem's price is finally catching up with its intrinsic value. We are just in the infancy stage of Steem (price wise). It's awesome we got listed on Huobi. I think we need to still get listed on Bitstamp?? What other big exchanges does their need to be a listing on? Steem is one of my largest holdings!! If Bitcoin goes to $40k I honestly believe Steem will be greater than $50, and that could be by year end. If we see a great influx in users from YouTube, we could see a serious increase. Also, if many minnows decide they need some Steem and Steem power to get ahead, there'll be a major demand and surge in price. Let's see how this all plays out! Thanks for the updates @jcornel!
great last few days
Great news. Steem to $100 here we come!
What is everyone doing with their SBD? When it was 1 to 1 I was converting to Steem via the marketplace. Is it better to try and sell it on the exchanges?
Thanks for keeping us posted on Steem's progress with Huobi!
Its amazing what a new exchange listing can do for the price. Even if the market is trading sideways at $400 bill, at least my Steem is pumping. :)
Yes it is, though this exchange is one of the top 5 in the world. :)