Um WTF Happened To SBD... SHIT I SOLD $1,480 WORTH OF IT YESERDAY!!!!!!!! It Is up 1214% Right Now!
EDIT: It is back to normal.
This will be a short post as it is breaking news and I want to get it out. I was scrolling through the market cap and I came across steem dollars on the list. It is never on the top 100. Why is it there, because the coins are selling for 22 dollars at the moment. WTF! To think I just sold some yesterday....
Check out the link
https://coinmarketcap.com/currencies/steem-dollars/
Please upvote this to make me feel better :p
*my upvotes/rep disclaimer: https://steemit.com/steemit/@whatageek/my-steemit-account-where-i-stand-on-bots-self-votes-and-multiple-account
Clicking in the market tab shows that the price is inflated due to HitBTC price
Does that I mean I could not have made a bunch of money I waited till today. Please say yes, even if it is not true to make me feel better :p
If you had them as sell orders on that exchange, yes, someone might have bought yours up during the spike.
Don't tell me that :P. I see people say that is why you leave in crazy orders.
It is now back to normal rate so yes.
Was apparently just a tiny order set at the price of 99 btc.
Weird, who would do that. Thanks for the research.
Phew, relax, it sure ain't that price anywhere else I have looked!!
I literally sold a bunch yesterday. I guess if it held it would still be good for steem but to think of what I could've traded it for.
It did shoot up hugely once before. just imagine sigh
Need to set a crazy order on every exchange :P
I remember someone actually said they did that just in case and it paid off!
That would definitely sting a little.
I caught this too! I have a screen capture of this apparent spike on my article about it.
https://steemit.com/cryptocurrency/@nonameslefttouse/some-sort-of-mistake-sbd-worth-over-usd22
Thanks for posting proof so people don't think we are crazy.
The instant I posted mine, the damn website went back to normal. I'm glad I found your article to back me up. No need to feel dumb now!
At least you tried man, would have been cool if someone saw this post and made some good profit. We will get it next time.
I don't understand how something that is supposed to be worth about a dollars' worth of steem can be worth $22. Can somebody please explain that to me?
if you want to buy right now, but there's no one around willing to sell it to you, you keep raising the price until you find someone who is. If you use a market order (no price limit) in a low liquidity environment, that could be $22 instead of $1.71 (the current stable price). if a trader does this by mistake with a huge size order, it's called a fat-finger trade:
Link: History’s biggest ‘fat-finger’ trading errors
I just don't get it. I thought a steem dollar was a promise to pay you approximately one dollars worth of steem at some future date. Why would anybody pay more than a dollar for one if they could only redeem it for a dollars worth of steem? It seems that it is reaching higher values by some magic that I don't understand.
a steem dollar (SBD) is meant to approximate the value of 1 US Dollar, collateralized by STEEM, and easily convertible to/from STEEM at the current market price.
This post may help you understand better: DON'T CONVERT SBD to STEEM, BUY IT ON THE STEEMIT MARKET!
I'll check it out.
It looks like it was just a hiccup to me.