✴️ HOW LONG WILL STEEM DOLLARS (SBD) LAST ABOVE $1? IS THE "GRAVY TRAIN" OVER?
Opportunities are missed because most people don't 'Strike while the iron is hot' ~ Charles Fuchs.
What's Up STACKERS!
It's an early morning in Las Vegas and recently it's getting harder and harder to stay asleep with all the action thats happening with the Crypto markets the last few months. 😴
While looking at the charts for some good crypto deals, something made me ask myself about the price of Steem Dollars (SBD). 📈
Since November 21st 2017, we've seen the price of SBD rise from it's peg of $1 trending between $2-$14. The current price of SBD is $4.52 as I write this. 💸
The one good thing about having a high SBD, it's benefitting all the authors that are posting each day. With it's current price, authors are making 4x more on posts than usual. 👨🏼💻
There's is a lot of speculation of why SBD has been rising, all the way from foreign investors buying them on exchanges (not knowing what it is) to all the way from people using tons of SBD for voting bots. Til' this day, it's still a mystery. 🤷🏼♂️
How long will the Steem Dollar be at these prices? Who knows but I believe that it can't last forever. So in the meantime, do whatever you can to take advantage of this opportunity.
There are lots of new people that recently joined Steemit and I recommend that they start powering up instead of taking profits because it will be so much harder for them to accumulate Steem down the road; unless they are willing to pay for it. 💲
It's ok to take profits here and there but for people with less than 1000, 2000 or even 10,000 should at least power up half there SBD. 📊
There will be many people months from now kicking themselves in the ass that they didn't "Buy Steem" with there Steem Dollars. I don't think many "newbies 👶🏼" know hard it was to accumulate Steem by just posting content when Steem and SBD was just a $1.
Currently it's great times for all the authors on Steemit as many of us are making way more than ever before on Steemit since the rise of Steem Dollars. So in other words, start getting real active and post awesome content right now while the iron is hot. ♨️
Have Great Sunday and "Keep On STACKIN" 💞
P.S. The 10 STEEM 10X Contest is still going on and will end in a few hours. If you missed the post... you can visit it here and enter: https://steemit.com/charlesfuchs/@stackin/stackin-10x-contest-predict-the-price-of-neo-and-win-ten-10-steem-usd40-prize
This is why I switched 96% of my sbd to Steem
Make it 97% jk 😂🤣
I think that SBD will continue to do well and it would make sense that it will actually rise further if Binance adds it along with STEEM.
I'm pretty sure it would just make sense for Binance to add the Steem Backed Dollar, so expect a super pump to follow if or when they do!
Lets just hope that actually happens!
Hmmm, if SBD goes on Binance... I can see it making crazy gainz for a while lol
Hope they do add STEEM
Hi. Welcome to steemit family.
Yea it would really rise up if added alongside steem
I think the only reason why SBD is not yet on its way back to $1 despite the high inflation rate is that it is easy to pump.
I'm always happy when SBD goes up, but I don't forget the high inflation rate of SBD.
Chart is included in my weekly steemit statistics:
https://steemit.com/steemit/@sevenseals/steem-statistic-charts-week-06-country-statistcs-included
I have no money to invest here. I feel like my blog posts are a "mining" tool for sbd and steem and try to post 2-4 times each day. I also spend a lot of time commenting where I get rewarded at times by the post authors.
This is the only way I can enter the crypto space and I am so happy steemit has done this for me. I try to "ignore" the price since there is not one thing I can do about it. So far, this is the most I have have been paid for my work in 8 years of doing it, so I am very grateful to be here.
This is a story that should be shared more often, and I really hope you make it far here on Steemit, and in the content creation community as well.
Thank you! I have many content creator connections and have been relentless in trying to get them here. Few are up to the effort, but I have gotten a some when they see my results :)
I think of all my friends, and then I think about how lazy they all are, and then I'm like: Well, I'll tell them about Steemit, and if they join they join.
I have a few sticking it out - most gave up after a week or never posted after getting the account. At least they are set up for future.
Keep fighting the good fight, and hopefully they come around... for their own sake.
😃😃😃😃
That's a great concept "Mining Tool" to generate some tokens! It also beats out what a bank account gives us... absolutely nothing lol 😄
I got this thought from the faucet idea. I've posted for free on many platforms. Now I post here and share to those places. I am thrilled with the result.
I have not seen good payouts from a bank account since the 1980's!
@fitinfun we are grateful you are here. Good morning from the heartland of America.
Hi Rebecca! Thank you so much. Glad to see you and I still in Thailand :)
..and life is nice when SBD is around $6!! ( or more..)
lol - Bring it on! I'm happy to see it nudging $5 again.
That's a very insightful post - It's awesome be witness and be a part of early stages of blockchain tech and embracing the benefits of new tools. Glad to hear it's working for you!
Steem Dollar to the Moon first, and then I will sell it for more Steem, and then convert that into Steem Power baby... so I hope this train lasts and lasts for as long as possible! 🐳
I like to call SBD THE “Gravy Train” 😂🤣
Count me in on that train! 🐳
Am on already on board in this train
I think SBD could stay above $1 quite easy if the bidbots and other services stay around and continue scaling up, because that's about the only reason people sell steem for SBD.
Couldn't agree more with your post friend! We can't afford to slack and not post nor should we not power up at least half of our Steem!
Upvoted 100% and Re-Steemed, I am enjoying the ride with Steemit, but I am sure I could have made a lot more money, by doing things a bit different and learning the platform a little better. Thank you for your content though, I have learned a lot from you.
Yes you are right and expecting help from you for newbies here.
Absolutely correct. It takes a long time to amass any SP when the SBD is a dollar. People right now are getting paid 2-3 times what the normal payout would be. This is a huge bonus for authors.
Couple that with the fact that there are going to be a lot more authors on here down the road, meaning the reward pool will be spread over more people, and I foresee a day when 500 SP is considered a huge amount.
Powering up is the only way to go for now (if one can afford it).
You said it all here.
Is not easy to power up if we focus on the number of Dollars one can get from 1 SBD when one have alot of expenses to incure but all the same the wise will keep powering up for rainy days
well i think it will gonna go up ... soon