Steem Dollars (SBD) Are On The Move...Another Pump????
The last time we saw Steem Dollars take off a couple things happened:
A) Those who are taking compensation as a 50/50 split got paid a nice multiple on each post.
B) It was a forerunner to STEEM taking off.
Here is what we are seeing at the moment:
This is a print of the graph that @dragosroua has placed on the steem.supply page.
There is a big upward trend in the price of SBD to STEEM....perhaps we are seeing another pump.
The last time this happened people were getting 7 STEEM for each SBD they cashed in. It made powering up a great deal easier.
Keep an eye on this...it could get very interesting.
Why someone doing it? It's crazy ((
When the Steem Dollar reaches its all-time high again, that's when I'll be selling mine for some more precious Steem, and then I'll convert it into even more precious Steem Power! 🐳
It sure does look like a pump. Went early in exchanging SBD to Steem today. Not a lot but now will start saving to buy some steem. hehehe.
Yes! This will be great for content creators! Also another bullish sign for STEEM! Looking forward to double digit SBDs! Just posted on an updated payment feature but I do have some questions about it. If you have some time, check out and let me know if you have some answers! Thanks.
https://steemit.com/steemit/@brettcalloway/new-payout-feature-the-math-doesn-t-add-up-what-do-you-think
Just recently, 1 SBD was only convertible into about .88 SP. I'm hoping to power up at a much better ratio. The best I've seen is about 1.26 to 1. I've never seen anything close to 7 to 1, but I'm fairly new to Steem. I expect that over the mid- to long-term, the price of Steem Power will hit triple digits.
I expect STEEM to his $100 by year end.
There was a brief moment at the beginning of December, if I recall, where SBD hit about $14 and STEEM was still at $2. It didnt last long since SBD dropped after that and STEEM shot up rather quickly.
Certainly a couple weeks of a much better ratio would make us all very happy.
Perhaps the pump is on.
Pump up the jam
Pump it up
While your feet are stomping
And the jam is pumping
Look ahead: the crowd is jumpin'
Pump it up a little more
Get the party goin' on the dance floor
See? 'Coz that's where the party's at
And you'll find out, if you do that
I want
A place to stay
Get your booty on the floor, tonight
Make my day
~ Technotronic - Pump Up The Jam
Thanks for this cryptocurrency news update providing.... i appreciate this post...
I hope steem staying in increasing against SBD
and thanks for your information sir
I saw this too man.
I have been waiting for days for sbd to be higher than steem to make the exchange between them, luckily today I could finally do it, each steem worth about 0.89 sbd at the time of my purchase.
Let’s just hope another pump so we could increase our SP more quickly.
I'm glad I waited too.
That is what it is a good for. I always convert everything to SP so it isnt a problem. However, the payouts get very nice when SBD is at $8 or $9 each.
We start to get more STEEM in those instances...even if the price of STEEM is keeping pace.
Overall, a great deal for authors if it happens.
Me too, I always convert everything, but I just don’t like making the conversion when the exchange rate is more than 1. Luckily it is still around 0.90 I just checked.
LOL there was a time not long ago where it made sense just to get all payments in SP since the price of SBD was so low.
Not anymore. And I doubt we see $1 SBD again.