Steem & SBD Are Roaring Back - Great Sign!
We've had a rough day in the crypto markets, but out of all the coins bouncing back this hour, Steem and SBD are kicking some butt.
(Source)
Steem is up 18.5% in the last hour to $5.06
SBD is up 17.37% in the last hour to $5.37
That is awesome. While things coins like Cardano, EOS and Stellar gained around 6% in last hour, Steem and SBD tripled that.
Look, I'm no financial advisor, but this has to be a good sign? I mean, they are coming back fast, and stronger than any other coin.
I couldn't be more excited about how Steem and SBD are responding in this down market. They are looking healthy and vibrant. It seems there is a lot of money buying in when they can. Couple this with Steem getting the third best rating in the Weiss Ratings.
Watch this video by @nanzo-scoop to learn more.
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It is a good time to be in Steem and on Steemit.
If you feel like I do, then leave a HAPPY GIF in the comments.
Thanks for reading!
GO STEEM!!!
Thanks for reading!!!! You got a new follower.
Coins mentioned in post:
I don't think the bot is working right, but awesome idea.
What's the easiest and safest way to buy steem? And do you hold steem on you steemit account or in a wallet? Sorry- still new to this platform!
I prefer buying it with Ether or Litecoin. Do you already have any crypo currencies? You hold steem on your account. Keep in mind, that it takes 3 months to power down (converting your steem power to steem). If you have any questions, feel free to ask.
Appreciate it. I currently trade a lot on Binance and hold some cryptos for the long run. I did hear about the 13 week power down, which I guess makes you think long and hard before converting to steem power. I'll be following you for more info and look forward to interacting in the future @crypticalias
Great :) by the way: I organised an emoji trivia contest. You can win 5 Steem dollars :)
Very cool! That would go a long way for my account :)
Just posted mine! Fingers crossed!
https://steemit.com/emojitrivia/@balake/emoji-trivia-contest
I hold in my account because it helps me earn more when I vote. I earn Steem and SBD here and then convert some of my sbd to Steem on the marketplace. I converted all my SBD when I first started. Hope that helps.
Very helpful. Appreciate it. It's a tricky dynamic in the beginning (Steem vs. SBD vs. Steem Power) but I'm sure you get into a rhythm and groove. Thanks as always for taking the time to respond :)
No problem buddy. There were people there to help me when I got started. Feel free to ask questions anytime. I do recommend converting SBD to STEEM as often as you can for the first couple of months.
I will absolutely do that. Thanks for the pay-it-forward...I won't forget the help!
you refreshing that blockfolio m8?
Just watching right now. I accumulated what I wanted in Cardano and Stellar, but next I'm going to add to EOS. Added 9 today. My goal is to get to 100 by the end of Feb.
Steem and SBD have been pretty resilient to change in the crypto market
They have looked strong for sure.
It's actually not a good sign considering the upcoming bullish trend of other altcoins and getting overbought before any other coin.
Can you explain that a little to me? There is nothing showing we have broken the bearish trend yet. I'd like to understand. Thanks!
That is fascinating. With everything going down at least steem and SBD compensating.
They took a hit today, but bounced back. I hope they keep it up.
I hope SBD spikes for a while and steem doesn't. I'll quickly convert all SBD to steem and them both rise higher than ever.
I just missed on it and ever since then chasing a good exchange opportunity.
That's the only happy gif I have:
I think it a good sign. STEEM has taken many hits in the past and it has always recovered well.
STEEM is powered by all the wonderful people on the platform :)