A list of big amounts of factors determine the price of Steem.. One of the important factor is Powering Up and lowering the supply of Steem in the market for buying and selling.. So when most people powers up then supply available for sale is low making the price go up.. but when price goes up big whales starts powering down.. and when they start selling hundreds of thousands of Steem all together in one go the price goes down.. well that's just how I interpret it.. that's why Steem is undervalued.. Moreover SBD is highly favoured by the Koreans to make instant payments because of its fast and zero fees transactions making SBD more favourable than Steem.. but again as I said there could be some other reason why Steem is undervalued which I might not be aware currently
Interesting. I would have no problem with that.
I don't have my ear on cryptos much.
Just taking a wild guess, you can put me down at $6.71
....upvoted and resteemed
Your reputation is 59.. it means you are levelling up.. Remember Steemit is a mixture of Social Media & Cryptocurrency.. In my opinion it's 25% social media and 75% cryptocurrency.. it's high time for you and everyone else to gain more knowledge about cryptocurrency because that will allow you to earn more rewards
Powering up is the best investment you could ever make.. because you will get 10 fold or even more as returns.. so don't worry if you sell sbd for steem even if the price of sbd gets doubled just the next day after you power up
it's not $10 yet, but it's hovering between $7-$8
Hopefully there will be another jump soon..
i'd rather see 10 dollar steem then 10 dollar sbd personally. Regardless though this is a good thing.
A list of big amounts of factors determine the price of Steem.. One of the important factor is Powering Up and lowering the supply of Steem in the market for buying and selling.. So when most people powers up then supply available for sale is low making the price go up.. but when price goes up big whales starts powering down.. and when they start selling hundreds of thousands of Steem all together in one go the price goes down.. well that's just how I interpret it.. that's why Steem is undervalued.. Moreover SBD is highly favoured by the Koreans to make instant payments because of its fast and zero fees transactions making SBD more favourable than Steem.. but again as I said there could be some other reason why Steem is undervalued which I might not be aware currently
Interesting. I would have no problem with that.
I don't have my ear on cryptos much.
Just taking a wild guess, you can put me down at $6.71
....upvoted and resteemed
Your reputation is 59.. it means you are levelling up.. Remember Steemit is a mixture of Social Media & Cryptocurrency.. In my opinion it's 25% social media and 75% cryptocurrency.. it's high time for you and everyone else to gain more knowledge about cryptocurrency because that will allow you to earn more rewards
yeah. What does leveling up mean and when does it happen?
hey.. are you serious or just joking with me? in any case just read these
https://steemit.com/faq.html
https://steem.io/SteemWhitePaper.pdf
https://steem.io/steem-bluepaper.pdf
https://smt.steem.io/
Well I searched through those documents but I didn't come across levelling up.
Do you have a short description?
Thanks!
I was talking about Reputation going up..
these numbers right beside our name.. I have marked them with red circles..
Yes. I know about the reputation but not sure about the term "levelling up"
My reputation is: 59.316
I understand the greater the rep and the more SP the greater my vote is worth.
Does something happen when you reach 60?
Thanks!
I really appreciate the help
levelling up is just an informal term I used to refer that reputation and SP is going up..
Honestly, I feel that steem is undervalued
I hope not... I just sold my SBD for STEEM and powered it up..
Powering up is the best investment you could ever make.. because you will get 10 fold or even more as returns.. so don't worry if you sell sbd for steem even if the price of sbd gets doubled just the next day after you power up