Steem/SBD and AgX evolution - 2018-02-10
This is the daily AgX chart for today 2018-02-10.
Today's 200 Moving Day average is 0.96. The current STEEM/SBD ratio is 0.94. The AgX is 0.97.
We're basically sitting on the average Steem:SBD ratio. AgX doesn't tell you much here, but can be useful at the top or bottom of the ratio to show you the risk reward profile you may be keeping by holding there.
What is AgX?
The Mayer's multiple (200 days moving average of the BTC/USD price) is known to be a good indicator of the BTC price evolution.
AgX aims to be a similar indicator regarding the STEEM/SBD ratio, in order for users to find the right moment to exchange their SBD for STEEM at the best possible rate.
Still working on some bugs for this, but I'll move it over to the account @agx in two weeks or so.
Original idea by @aggroed (Vote for witness)
Developed by @stoodkev (Vote for witness)
As of last night SBD to STEEM was 1.125:
So I've been buying Steem Power with my SBD and will continue that while its in my favor.
Fairly even /consistent for some time now.
Do we expect the value to STEEM to out-pace SBD significantly in the future?
It's a yes from me, but pumps are seemingly always a possibility for SBD as it's traded just like everything else.
Guess who sold some this morning? DOH!
An hour ago, this was the exchange rate:
1 SBD = 1.15 STEEM
Now, it's going down. Question: how do we use AgX?
Yeah..it is time to convert SBD to steem..hurry up.
Thanks for sharing this useful information
Buying STEEM with SBD is a good move now!
really extraordinary information from you ,, because I am not an expert ,, just your post I know ,, sunnguh interesting disimak ,, permission share yes bro
yes, hopefully with agx can boost SBD exchange rate to steam
thank you sir informing us
this is very informative blog .thanks to you for sharing..i praise
you..
Carry on