STEEM Breakout Above $3 On Significant Volume
Well, it seem that the post-Consensus spike happened after all, although it didn't happen for Bitcoin (which is sill showing lower highs on a sideways trading pattern) but for STEEM.
For the past hour significant volume entered in the STEEM ecosystem. Here's how the Bittrex 1 hour chart for STEEM/BTC is looking like at the moment of writing:
And here's how the STEEM/USDT 1 hour chart is looking like on Huobipro:
Whoever bought on Huobipro, paid more than $200,000 in the last two hours. That's a Lambo + insurance.
And some change.
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Oh this is a great news to keep the spirit going
Finally a good news, i am.feeling happy, but i am holding sbd's, hopefully steem will take sbd with him!
Why would you do that? Do you know that SBD is intended to be pegged to $1?
Its not much but 194 sbd :(
Should i convert them too steem?
You're the only one knowing what to do with your own money. I just thought you should know that the "normal" value of 1 SBD is $1. It's highly overvalued right now.
Thank you for the suggestion, Whenever market comes down a bit i'll convert it to steem :)
I want steem to go up not down ... and I actually want sbd to go down. I think it was November when we had an extreme good changing course. For 1 sbd you got more than double back in steem, but steem it self was not going higher, so we only enjoyed a good change.
when sbd goes down to 1 (how it should be), than it is even more sbd to buy 1 steem is it not, I am right he? things like this always confuse me. :-)
When was this? cuz it seems pretty flat we where at nearly $4 at the end of April
A sigh of relief finally. I hope the value of steem and SBD both rises. I know SBD is intended to stay at 1, but who cares as long as it benefits us.
That's a very contradictory statement, lol :) I don't see how SBD over $1 should benefit us, if it's intended to be pegged to $1. Any imbalance will be eventually corrected, it's just a law of universe, not only of crypto markets.
Yes, I agree SBD should be $1 and Steem should go up, that would be the best scenario for the platform.
This is quite nice, i always thought price of steem is dependent on sbd. Steem going over the $3 shows its gaining steam.
Nice! Steem is amongst a few green in a sea of red.
What good news my friend!
Good to see that!
I hope now we will see a huge rise
STEEM might not be going to the moon, but at least it is headed for the top of the stairs.... :-)
So it looks like a bit of speculation going on. I don't think that's such a bad thing. Speculation means interest, and interest creates growth.