Does anyone know what is going on with the price of STEEM versus Steem Dollar (SBD)
I have noticed a huge spike in Volume today on Steem Dollar (SBD) See below. Also for the past 2 weeks it looks like the historic relationship between the price of STEEM and Steem Dollar (SBD) has reversed. Typically the price of Steem Dollar (SBD) has hovered around $1 with the price of Steem going much much higher. Now it seems the opposite is true. Does anyone know why this is ?
Curious .... Many people were telling me a few weeks ago to convert all my SBD to Steem Power ... So I did that.
Looking back now I now see that many people were powering down - converting their Steem Power back into SBD ? ... Anyways, as usual it looks like I did the wrong thing at the wrong time.
Oh well..... My timing is horrible.
7 Day Chart for the Price of STEEM:
7 Day Price Chart for Steem Dollars (SBD)
I was wondering the same thing earlier. Very weird that SBD spiked this am. Steem did nothing or lost some (can't remember). But, I feel your pain! Seems I always do the opposite of the correct move, lol. I'm always a day late and at least a SBD short, hehe.
Yeah .... I wish I had all my SBD back ... I really don't understand how Building up all my Steem Power so that I can find and upVOTE Great Original Content (when I see it at 15 minutes in) ... See that Post go on to earn $500 in upVotes and then earn .001 in Steem Curation Rewards 7 days later. ????
I have also been putting everything into SP (which is almost non-existent in my account). My understanding is the higher your SP, the more you earn curating.
Imo, you are miles ahead of me as you consistently post original content. I have made a couple posts in my time here and none of them were anything to write home to mama about as I really haven't figured out anything to write about. Somehow, I have over 1k followers by mostly commenting. I'm totally satisfied with that for the time being. I believe "bigly" in Steemit. Just going to take a very long time to get there.
You will do well here. If you post on your Prepping skills or simply take photography and write about where you live - lots of people want to learn about other places - I try to post about 4 or 5 photos of the changing seasons here in Canada - so I will always have new fresh content. Every day the weather changes here ....
Hey, I appreciate it! Been pondering many things to write. Probably would have written a couple of posts had it not been so buggy here until recently. Been considering the photography idea for awhile now, but I need to get a new editor first. The one I used to use is no longer supported.
Oh, and one more thing I wanted to run by you, please correct me if I'm wrong. To me, the price of Steem/SBD/BTC is pretty much a wash at this point in time (unless, of course, you had the foresight to dump SBD during the spike today). Sure, Steem/SBD price continues to fall, but relative to BTC I would say the fiat value is about even. Steem at 35k sats when BTC was $3500 and now Steem at 15K sats with BTC close to $7k. Yeah, I'm sure there is a slight loss, but I can live with it. I keep my fingers crossed that there is a bigger percent gain to be had by staying in Steem.
I am not sure what any of that means - I am basically building up SBD, Steem Power and earning some Free Bitcoin whenever I can.
Steem power isn't good for only that. Helps increase the visibility of your posts......
Seems the more Steem Power I have the less I make with new posts ... but I guess I was making $70 a post when Steem was closer to $2
Crypto is volatile,what can I say. You can't expect to always make $70 a post. Just saying lol
That's true
I notice that many of the Great Whales were selling their SBD and converting to Bitcoin about 2 weeks ago. Talk about GREAT Timing. That is why they are whales and I am an amoeba of some kind. I am destined to remain a poor working class Schlub. No matter How hard I work or how Creative I am.
Maybe they wanted to hold bitcoin before the fork so that they could have their investment doubled?
Yup, I feel your pain. I am still not discouraged though. I've always heard "you gotta have money to make money". I think this is completely true. The first and most difficult hurdle is that first part. Hard work and dedication will take us there, bro!
BTC is about to fork again. Every fork is some amount of free money, even if the new fork does not really amount to anything. It's hard to compete against that and the recent meteoric rise in the value of BTC compared to STEEM.
Very good post - I was wondering the same thing. Maybe someone knows something.
Maybe @deanlogic knows ... he usually is right on top of these strange anomalies. and other rare and unusual events that are taking place all over our Universe.
powering down is not a stupid idea.. after all how will you make more SBD? I’m just powering up. It’s also pure speculation most alt coins are getting hammered not just Steem.
Powering down 30 days ago and converting to Bitcoin was the Trade of the century.
Hi! friend i'm here and I read your post, thanks for share with us...
Thanks for dropping by. What do you think is happening ????
nothing friend
Nothing is happening ?
actually my reputation score 36 and i don't know how to increase? or i don't have any best idea, that's can you help me?
You just joined in October - 36 is a good score after 1 month .... Just keep posting Good ORIGINAL Content every day.
1 think, What is the benefit to do Resteem the post? can you tell me?
To build up your Steem Power I suggest you only post new original Content - stories about where you live, what the scenery looks like, your culture etc etc .... Are you in India ? Tell us all about Advaita Vedanta and how St Thomas travelled to Kerala after Jesus was executed .... things like that.
You Resteem to add great content to your blog. And to introduce your Followers to other new and interesting Content. You don't make any money from Resteeming unless you have a fair amount of Steem Power (say $500) and you 1st upVote the post and then Resteem so that it gets more votes.
Hello friend! Can you give your IMO/WhatsApp/Skype ID?
I don't use any of those things.
I'm new at this; but, as in life, your answer is always found within.
Asking others about money matters is iffy. Doing your own research and yielding your own conclusion will serve you better.
I'm reminded of BTC. All the experts said it was bogus, while all the while buying it for pennies. They were millionaires then, and are bigger millionaires today.
Yes, I noticed the differential. I am to presume that other blockchains are increasing the value. Steemit is only one link of Steem.
Peace.
Very true .... What are the other links of Steem ?
There are several...
GitHub and busy.org come to mind...
Sounds like a good homework assignment. ;+)
Peace.
Yeah - for some reason I could not Log into Busy.org today ???
Yes, I agree. All of the blog platforms seemed to be offline yesterday (11-02-17).
I'm glad to see things seem to be flowing much more smoothly today.
Best regards!
Peace.
You should never power down. As for your other question, I hear you
That is what I have been told by many a whale.... who seem to be powering down ???