Market Snapshot - June 9th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were slightly bullish, with 9 of them in green and 1 in red, a mirror of what we had yesterday.
As expected, the weekend starts on a moderate bullish pattern, but the gains are relatively small.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.28 on Coinmarketcap, slightly down from yesterday both in fiat and in Bitcoin.
The 1 hour chart shows stabilization around 30k satoshis, indicating that this resistance level might hold, for now
The 1 day chart shows a very small green candle, indicating potential stabilization, but the volume is still very low
SBD was trading, at the moment of writing, at $1.66, , slightly down from yesterday.
On the 1 hour chart, seems we're forming a new resistance, in the 21.5 k- 21.75k satoshis corridor
The 1 day chart indicates a very gentle downtrend, on low volume
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.727 STEEM for 1 SBD, up from yesterday, and under parity.
Overall opinion: Markets are doing the "traditional" weekend rebound, but the changes are so small, that we could safely call this flat trading. STEEM and SBD are following suits, without too much swinging around.
Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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Market seems stable at the moment...
No big changes yesterday. Markets keep on its trading range.
Bitcoin had the traditional upswing after the down one and keeps inside the channel but no clear trend.
EOS finally got a GO and now is booting the Blockchain before testing starts. There was a pump when that happened last night now the market is stable just below $15 above the three moving averages. We will see what happens during the weekend.
Steem also very stable around $2,30. It seems it has stopped the smooth downtrend and now is in a trading waiting for volume to come in.
Buna Dimineata Dragos!
I need to ask you a technical question regarding the wallet and it's about the wallet section. You have there the Savings area. I look around and notice that nobody is using it. My first question is what is the section for?
As well it states: "Balance subject to 3 day withdraw waiting period,STEEM DOLLARS currently collecting 0% APR". What is this APR means?
I bet there are a lot of Steemians that have no clue as well!
I wished the ratio between SBD and Steem will be much better in the future.
Thanks a lot and wish you a great week-end!
APR = Annual Percentage Rate and it's the interest paid for holding SBD. This APR is dynamic and it's set up by witnesses, you can see the number set by each witness on http://steemd.com/witnesses. In the early days of Steemit, when SBD wasn't gamed, holding SBD was subject to up to 10% interest (to incentivize people to hold on to it).
The savings account is a protection feature. If you want to put aside some funds, you should do it there. The 3 days withdraw waiting period is a safety guard, in case your account gets hacked. Basically, if somebody takes over your account, he will not be able to withdraw your savings immediately, giving you a 3 days time window to react (freeze your account, recover your keys, etc). That doesn't happen in the main STEEM account, where funds are always available.
Super! Thanks a lot for the detailed replay...
The rate at which steem and sbd are crawling is just appaling. Its been a long time coming. When will this bull start running???
@dragosroua You have earned a random upvote from @botreporter & @bycoleman because this post did not use any bidbots.
But We need a medium intensity fireworks in crypto market and I think it is long due. While volatility is two way sword, but a medium range volatility brings some excitement and enthusiasm among crypto holder and trader. At this moment it is a dead one.
I have never heard too many cryptocurrencies. Here you introduced 10 cryptocurrencies. Our Steem is also a cryptocurrency. I am feeling proud of that. Would you tell me when we will hear good news for cryptocurrencies? Thanks for your nice presentation and hard job.
I have a feeling that sbd will make very big jump over this weekend
LIke the steemit UI we have everything green here too!
Thanks for your information .
Market seems stable at the moment .
Steem market up and down and so it goes .
Thanks for sharing @dragosroua
Upvote you ...