Steem Hits $2.48 and SBD $7.80 on Bittrex! WTF is Going On?

in #steemit6 years ago (edited)

It's freaking insane! Come on now, which one of you is pumping up the price so much? Lol!

I managed to catch the action albeit without a single token to sell! Sucks I know! SBD price looks absurd to me and I can't seem to make any sense out of it! Nonetheless, this is what it looks like!


SBD Pump


Steem Pump

If you're the kind who makes hay when the sun shines, then now is your time to make TON of $$ if you were holding Steem or SBDs.

Btw, Bitcoin hits $14,000!

It's great to see Steem and SBDs go to the moon but I'm trying to figure out why we're having this pump. Let's hear some opinions shall we!?


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What if SBD becomes the new Tether like JB says? Could be a wild ride for Steemians. This whole project is vastly undervalued currently. Keep up the HODL and earnings with SP for a while. We're going to $5+ after SMT's boys and girls. I think possibly a massive SBD holder converted into STEEM. Could be the bigger longest pump and dump we've seen to date.

Hey! Cant really figure why the price hike, but one thing is sure, i am gonna grab as much profit as i can before the downwards spiral(if that happens).
Btc on its own world rocking the high and highs. Good thing if you holding btc. When it dumps tether and gain more btc even.
Am loving the trend anyways, at the correction may be traumatic, so make as much profit as you can now, so when it corrects you dont loose much.

I'm having this same convo right now lol.

  • I don't quite understand it myself, how SBD can be trading this high...

  • Steem seems to be following it all be it at half the price.

  • And of course BTC will likely continue to rocket until end of Dec or early Jan.

Although the other side of the coin could very well be that it never really corrects (as much as we all think it will) bc of the influx of a potentially endless supply of new users and/or investors who never want the price to drop to an affordable level ever again (as a means of control Mwhahahahahaha)...

Yup I noticed this too. It's actually interesting to see the SBD is trading much higher than Steem, when historically, SBD has stuck around just the dollar mark. But great overall.

I heard the rumor that when Tether had issues, that people were deciding that putting money into SBD was safer. That maybe the case.

I really don't understand why sbd hits so high price..

Seems rather crazy @firepower... but here's a thought: BTC has been rocketing for a long time and might be entering "speculative bubble" territory... so maybe people who are looking to invest in cryptos are seeing those (like Steem) that have been underperforming for several months as a better chance for some gains.

Look at it this way: If Steem had just stayed EVEN with BTC for the past 90 days, it should be sitting at around $4.00 right now. But until last week or so, you could get it for under $1.00. This might just be some "real" relative revaluing...

Steam BASED Dollar. lolable.... lets skyrocket!!!!

That's what's up.

yes, the world of cryptocurrency is cryzy now, just 52 minutes ago I've writen STEEM DOLLAR IS MORE THAN $6 , I hope the price will stay the same and don't go back to the old one.

Is it a real pump or just steem dollar come back to his real price ?

Without real kind of news that I can find ... I just find that SBD and Steem price increases to be a bit unnatural ... like you, I'm wondering if its a pump/dump.

It only have one explanation: Aliens! :D

Good one! ;)

Great to see steem getting closer to its previous glory :)

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STEEM 0.29
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