Steem is taking off like a rocket ship

in steem •  last month

Look at that baby go. 2 straight days of gains. The even stranger part is that SBD is also on the rise. Not sure of why it took aff as Bitcoin has not really moved much in the last week even though it has been going up slightly day to day but nothing to trigger steem to take off as is has.

I am hopefull that we can get back above the $1.00 steem range. It is going to be quite a challenge now that all the payouts are in liquid steem instead of SBD as that is going to make trading a lot more volitile with all that extra steem moving through the eco system. I do believe SBD is going to keep gaining value and steem will actually loose value at least till hard fork 20 comes and allows SBD to be handed out again. We should see some crazy market fluctuations on that week.

Here is SBD and bitcoin for reference

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You think Steem will stay low till next year Jan/March?

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i am kinda hoping for a september bounce myself

Steem Power a voter has the more income he ll produce for himself (in type of SP) and for the substance maker (In SBD).
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All very valid points. I still to this day almost have a heart attack every time I trade bitcoin with its min half hour transfers. Steem has spoiled me. How the steem blockchain does not get more love is beyond me.

Yeeeee! Great news! Guys, urgently write articles! This is not just a pampus, but a traction on the market!

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Writing and earning now is the best thing you can do. Your payout will give you more Steem when it's lower than SBD and less than $1 per Steem.

Remember every $0.01 Steems all adds up!

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I've upvoted a number of your post to encourage you. Keep posting, you're doing great!

I just sold all my Steem coins :,(

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You did WHAT?
WHY?

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i'm such a newbie

Well deserved! I'm new to this platform and I can say that it's the best platform I've ever been to :)

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Welcome to Steem Robin!

Wait till you find all the goodies like Dtube, Dlive, Utopia, Steemhunt, Musing, ComedyOpenMic, and a whole bunch of other stuff.

This is an awesome place, almost all cryto social media in the future will be taking their lessons from Steem, you should develope an awesome DAPP for the Steem Blockchain too! Then when SMT comes out you can hand out tokens to the participants and airdrop to all Steem wallets, making it an instant large active and committed international user base! Amazing right?

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I upvoted many of your post, hopes it encourages you to keep writing and posting!

Thanks for the info :)

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How to join this group?

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It's just a small move, will still be see saw, but I see good things possibly happening in the next 2-3 months.

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Yup, I think Steem will go big in 2019!

STEEM will have to go down to USD 0.50 before steadily rising again.

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What a great opportunity it will be if this happens, I'll surely trade some BTC for Steem, lets hope very soon, HF20 is releasing in Sep 25, after that lots of Steem will start to get burned with new account creation, so if it takes 1 Million Steem to create 1 Million Accounts, that's 1 Million Steem burned forever, less supply more value.

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Limited supply can be detrimental for a cryptocurrency, low liquidity.

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Actually Steem's liquidity is rapidly increasing. With 50% of powerdown now all liquid Steem and zero SBD being printed, expect a greater amount of Steem liquidity than ever before.

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Means ppl are giving up steem

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Limited supply can be detrimental for a cryptocurrency, low liquidity.

Greater liquidity is also needed as more new people adopt Steem.

Means ppl are giving up steem

We need the big holders to sell, it's actually a small minority that's selling the most. Once they are done selling, then ownership become more decentralized. This is very-very good for any crypto, brings in stability AND greater adoptions, both together becomes a 1-2 punch to leg up to next level, just like BTC jump from:

$0.005 to $0.10

then

$0.10 to $1.00

then

$1.00 to $30.00

then

$30.00 to $200.00

I'm sure you're familiar with the story from $200 onward :D

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Hope so, pray for the best and prepare for the worst

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Steem seems to keep a somewhat consistent volaility trend. If it goes down it comes back up but the average tends to stay consistent. I mean you can see the flatness of those plots straight away.

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That's just the see-saw bottom pattern, the longer it stays this way, the bigger the step jump will be when it really moves to a higher level.

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