Steem Dreaming can sometimes make you cry
So as of writing this Steem is at 5.58 and SBD is at 5.08 Cad
This is kinda a wee bit scary for me, as it is the first time I have personally seen the price of Steem higher then SBD. Is this healthy for long term growth??? Maybe I am not sure, one thing that I am aware of is that I prefer Higher SBD pricing, so I can get more Steem, well it is starting to look like that part of the Dream is dead. But is there an upside to all this madness, I truly do not know.
Part of living on this platform is rolling with the punches, and this was a big one to say the least. Every bodies profits on this site will be going down. But there is always some good underlying news. Steem is one of the highest ranking Cryptos on the Weiss charts right now. So we at least know that there will be a future for Steem over the next few years, as long as Crypto doesn't completely die out that is. This downtrend has lasted since around the 27th, and is looking to slow down over the next few days maybe even start to pick up if we are lucky!
Lets face it, I don't think anyone could have predicted any of the things in this market to any degree of accuracy. I do this mainly for fun at this point. Try not to play with your money in a panicked frenzy that is about the best advice I can give anyone. Hope you are not getting beat up to badly :p
Would have been fine if Binance listed SBD as well!
Yeah, I really want to see what happens if SBD gets listed probably just a matter of time
I know right?!
Guess this where the beauty of crypto makes up. We on steemit are living on a fastlane. The first time in saw my 30sbd post drop to 22sbd i almost couldn't sleep..lol
These experiences are making me fit for crypto in a long run. I suppose
Yep, but I'm happy how well steem is holding up during the dips with the others. I think the binance thing is going to be great. A lot of people are having a hard time funding because bittrex not accepting new accounts. Should help us grow a bit.
Ive personally have been having some trouble sleeping as of recently. It is really stressful, but guess just have to keep chugging away and post daily.
Something really good happened today thought. Steem is selling on Binance finally and it is trading lower than on bittrex. I actually converted my last bit of eth to steem . I felt like it was on sale. If you don't have binance grab an account here. https://www.binance.com/?ref=17777853
What I don't like to today is that SBD is less than steem. I know it is supposed to be but now our payouts are lower and we earn less. I'm sitting on some SBD I should have converted.
It's both good news and bad, I just read about the Binance, because I was super curious on why SBD is now worth less then Steem. Good news for the platform in general, bad news for payouts down the road.
Cant wait for it to go back up,am scared of my investment
Do not be, abdul1234. It's a matter of time.
I would love to see it go back up, I also think it is a matter of time. I would just like to see some actual consistency in growth and or decline. The extreme price fluctuations, change my mood from super happy to super sad.
I the words of James Franco "They say living well is the best revenge but sometimes writing well is even better."
Steem is under 5 usd right now. but the market will become bigger since it was listed on binance today. So maybe price up is coming.