Where will Steem and SBD go from here?

in steemit •  7 months ago

Just because we are amongst a red sea in the crypto markets today, doesn't mean they are all actually suffering.

Remember, Coinmarketcap displays, by default- The values of all tokens and coins, compared to Bitcoin itself.

The USD value is down since 0.00031432 BTC is worth less. Steem itself, is down roughly 17% at the time of this blog, but above the low from yesterday which was $3.02 (when BTC was above $14k). So actually, looking at it this way shows that Steem is a safer hedge than even Tether.

Until tomorrow, we won't actually be able to judge the damage done, since we will need to compare its previous volume with this corrections'.

To make money in this market, the best advice I can offer is so go against the crowd, and keep an eye on Korean markets. Steem on the Korean site Upbit (which has more volume than Bittrex, is currently $3.95) for a total volume of 42.8%.

Anyone here on Steem sees that today, is no different than yesterday for us. Nothing here has changed for the worse- Its only getting better. @ned (@certainassets on Twitter) posted a great Steem stat tracker, which I think you will agree shows the health of the platform. https://iworldpark.github.io/steemit/stat/post/ I think the best indicator on this site is looking at the 3 month chart for posts/authors.

adfad.jpg

So while everyone else is panicking, don't dare to sell your Steem. Short-term we could see $2 before a new higher high. SBD's on the other hand, I wouldn't doubt if in an upcoming hardfork they figure out a better way to peg this to a USD value to protect the rewards pool.

On another note, why the heck is actual @bittrex sending SBD to boost this garbage?

https://steemit.com/kimpoo/@kimjongpoo/i-kimjongpoo

sfg.jpg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

@rcarter

@bittrex isn't sending anything. That's from a person who is sending from their bittrex acount.

·

use blocktrades!

·
·

Blocktrades is charging too much amount. Indian users are finding it difficult to cash out. In this way it's not a good platform to work on. But if the prices of steem go up higher then most of the exchanges will start accepting steem & SBD on their platform.

Let's wait & watch

·

Steem Next Profit Price Target

steem.png

So you say go and our SBD before it's too late, am I right?

·

I believe this will likely be the only era of Steemit where 1 SBD can be exchanged for 1 Steem, so this is a great opportunity.
But what do I know? lol

·
·

Probably correct!

·

tnx for upvote and SDB

·
·

Not sure what this means.

·
·
·

test.

·
·
·
·

2

·
·
·
·
·

Hopefully back to 5

·
·
·
·
·
·

5 SBD seems to be a fair value imo

·
·
·
·
·
·
·

But 10 would be even better

Sell your SBD’s, keep your Steem.

·

Steem power for the win, gotta grow dat influence.

The downward fall of steem power is cause for concern. I do hope that something drastic much be done to remedy the situation and safe the soul of steem as soon as possible. I follow and upvote you.

·

You're so nice for commenting on this post. For that, I gave you a vote!

To the moon! and over!

Although saying STEEM is a safe bet is inherently biased considering the platform that the message exists on, I am inclined to agree anyway. Great article.

I agree with your general idea of HODL'ing steem. It's silly to sell off at this stage just because the price reached an all time high and is now starting to drop.

However, I have transferred some of my Steem to Bittrex, because I want some liquidity for my Steem. Nevertheless, I do believe in the platform and looking forward for Steem to reach new highs!

I've got a question regarding these bid bots. I recently spent approx. 50 SBD on boosting my post, (first time I'm properly using these), and my post maxed out at just under $200

There are still about 4 days left until payout, but as the price of SBD is dropping, I can't work out if this will end up as a profitable move. Given that 50 SBD is approx. $200 at current market value, and I need to consider the curation rewards, I'm guessing no.

I tried this experiment because I'm tired of writing content which isn't seen by anyone, and noticed that all the big players are boosting their posts. But as I'm still technically a "minnow", and haven't yet built up my following, I can't work out what I should aim for in SBD investment to promote my posts, and still make it profitable. Any advice would be much appreciated!

·

Yes

·

I hear you buddy. Not much of a blogger. Frankly I just like venting into the ether to placate annoyance at what the uneducated prols are doing right now. Love new comers to crypto, but an uneducated newb is a dangerous thing these days.

On an actual related note, I've found right now that just loaning mine out on MB nets me a reasonable return, and I'm only really in it for the long term.

Its actually a good opprtunity to buy some more steem with fiat!

@rcarter I think that STEEMIT is going to be Wonderful going Forward. I Love the price being down to buy more.................

I bought some more Steem power yesterday.

·

Pre-correction? :) I bought some literally hours beforehand at over $4 :P

·
·

It was at $3.62 so not to bad. Just bought 100 more SP at 3.06

I agree with you @rcarter, STEEMIT is stable in price compared to others. And on top of that, Steemit provides a real value instead of just storing value. Just imagine how much content is created on this platform and almost none on the other cryptocurrencies.

Tether is certainly not a hedge, Tether isn't actually anything at all. Tether is simply a notion that something, somewhere has that amount in fiat, and that notion is kind of laughable or they would already have allowed an independent audit and continued to allow US customers to use it.

Yes, user activity is good, but not all new users are necessarily interested in being a price support for those who want to sell, nor are they fully capable of absorbing the volume of sell-side pressure (or we would have seen them do so at previous price levels).

I honestly think that, because of the exchanges steem and sbd are traded on, and the price action I've seen on other coins that have been pumped, that it's highly likely we'll see a return to the price before certain entities took an interest in boosting the price. That won't mean the end of steemit, but steemit's reputation is on the line and they're going to have to do a lot more than what they're planning with hard fork 20 to save it and the value of a steem coin.

·

Tether can be used as a hedge, if you are able to exit your position fast enough. However, I agree that its total BS, and I personally wouldn't risk using them to try and buy the dips.

I hold 95% of my crypto in BTC, and don't bother moving in and out of trades since this requires a lapse of security, and moving a lot through exchanges that I cannot trust.

If SMT's roll out successfully, I don't think we will have to worry about Steem price correcting this low again. I read the whitepaper, but am not sure if our SP here translates to much on other sites that will issue their own coin on the Steem blockchain.

_Rob

·
·

Smart move in not moving.

I guess the same general notion can be applied to users on steemit. At least with the internal market structure they can just play around with sbd and steem locally and not have to risk exposure to external exchanges, even though they might miss out on profit-taking, they'd also avoid the situation of getting their money completely trapped or stolen.

Yeah, some good SMTs might add some baseline value and demand for steem, but it might become an issue like other coins have where parallel economies don't elicit strong demand for the root one.

It will go to the moon! Let's not mind the price but rather focus on making this community great by adding quality content and put more value to it.

I find it much better to configure coinmarketcap.com display in USD, rather than in BTC.
They hit everything in the overnight (Eastern time zone) hours, ETH finally cracked. If you are in cryptos for the long term it may be better for you to not look at the quotes so often. There is more carnage coming based on how I read the charts. Soon there will be nice opportunities in some long term winners. I like EOS, Lisk, Powerledger, Civic and Stellar (in no particular order and not quite yet.

have you seen bcc? Becouse of lack of confient they have decided to close platform! :O

·

I have. And I personally had a lot invested. I made my money back, but still had capital releases due in March... Worth more than my acct. here on Steemit.

Guess what I did when they closed lending? I moved all my BCC into staking. They are down, but not out. Want to hear another bold prediction? It will rise to $100+ by this time next month.

Thanks for the msg

soo sbd not back at 10$ or more i need sbd up not only steem lol

I think steemit is going to be Wonderful going Forward. i am resteem your post.

💰Ooops! All the top coins are in red, but we remind you: no panic! Cryptocurrency rates for the moment🔻

📈Bitcoin $11104.40 (-16.70 %)
📈Ethereum $987.17 (-20.45 %)
📈Ripple $1.18 (-27.24 %)
📈Bitcoin Cash $1731.28 (-24.24 %)
📈Cardano $0.57 (-22.27 %)
📈Litecoin $181.06 (-19.81 %)
📈NEO $131.80 (-23.94 %)
📈NEM $0.95 (-27.20 %)
📈Stellar Lumens $0.42 (-23.96 %)
📈IOTA $2.52 (-25.51 %)
📈EOS $9.86 (-22.25 %)
📈Dash $758.21 (-17.43 %)

just tell me when to get back in the market. lol.

You got a 24.08% upvote from @postpromoter courtesy of @rcarter! Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

Thank you for sharing bro carry on man I really like your post

Thank you for pointing out the actual situation.
I have stopped to look at the charts everyday, as the young crypto market is very volatile and every message seem to shock the prices massively.

I trust on the core value. This is the platform, the blockchain and the clients (in our case the users) of the platform.

If a service is able to attract new users and scale up quickly then the price will (long or short term) represent this..

So I'm not worried at all about the future development of Steem....

You received 8% of upvote for FREE from @rashley01! We upvote post for FREE to support the steemit author. Vote percentage is based on the Quality of the Content.
You can also Vote @rashley01 as your Steemit Witness

Read/Support my recent post here:
Animal Blog: Let’s Help our Aspins. They’re Filipinos Too.
Story Contest: My Story Contest 2: 'Mountain Climbing'
Photo Contest: Cityscape / Architectural / Landscape
Untitled-3.gif

SBD and Steem is an awesome long-term (1-year) investment.
here is prediction list which caught my eye. HODL!!! great post though @rcarter

·

Please when was this analysis made, ild like to know the time range. Im pretty anxious

Interesting info

I think best strategy is to add small quantity of SBD in every dip. From the day I started using this platform all I can say is the Kind of platform, witness, content creators, curators, its team, other apps developed by witness, utopian.io develooed on steem blockchain i think future is very bright for steemit. Who knows we may not these these lows again. This could be last opportunity to buy at this price. I have already startes buying coins which have corrected 5 times or more but only those which I believe will perform in longer run.
@rcarter Thanks for the post and giving the confidence at this time to community.

thank you for the great info ! resteemed

Buy, Buy and Buy, thanks for the post, I am buying it more today.

Thank you @rcarter for making a transfer to me for an upvote of 51.47% on this post! Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem! The other half helps holders of Steem power earn about 60% APR on a delegation to me! For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily? To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?

Congratulations @rcarter, this post is the third most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 421 and the total pending payments to posts in this category was $15996.30. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

Thank you for the post. I think you’ve made some insightful comments but with all due respect I think that price predictions are completely misleading. There is no way anyone could predict anything in this market. Did we predict the bull run in early Jan? Did we predict the major sell off today. It’s simply impossible, otherwise we would all buy and sell at the ideal time. That being said, other than a price prediction I do Steem growing as the website and the demand for blockxhain technology is growing. Looking at data charted, we are now in the top 1800 websites im America. We are working our way up and as crypto gains Steem them Steem will as well. Keep promoting this growing community and eventually we will get to higher valuations with patience! #hodl

·

Look at the price history of BTC when I made this prediction.

wf.jpg

You have to consider many different angles, when you want to make good predictions. Not the technicals- But the fundamentals.

·
·

Wish it was 15k again

·
·
·

Btcp is moving on up... I won't be sending keys to claim unless its very worth it though

·
·

Indeed you are right, many people do analyse data only without considering the fundamental which is very very important!

Thx for sell your SBD

This post has received a 30.20 % upvote from @booster thanks to: @rcarter.

I don’t have any cash! If I did, today would be so very sweet!

That is very much true. Steem will hit 7 up to 9.5 this year. It is obvious because as number of users increase volume become low per capita. Meaning number of steem coin holders will increase but there number of holded coins will decrease. Therfore scarcity will happen. So now is not the time to sale but instade to collect.
Respect

It is absurd that people fall into panic because the steem loses its price, all the cryptocurrencies have happened in a while and anyone who knows this world knows, only those who despair in a small slip do not know anything about this world, calm down and wait for the tide to change is the most indicated in these cases.

Haven't read a great article in a few weeks . I agree with you on various points - what's your take on steemit as a platform and technology intergrations we might see in the future

Thanks for your good advise and most of my neighbors still keep their position in rigid. We will be rewarded in some weeks or months depends on how we are confident and give attention in depth.

Nice post. I advise against selling your steem and sbd

awesome!! thanks for your suggestion.

You know I was about selling off the few and I have made so far but thank God I found this post of yours... So asides what is going on in the cryptomatket, would you still suggest upbit against bittrex when the market gains itself

Hopefully up! Hell to the moon ALICE!

I would assume someone just withdrew STEEM from bittrex straight to the booster username as the destination wallet...

This is good line

I see it going up as more people enter the crypto world & discover new ways to build profit for themselves

use blocktrades.us

The spike in SBD price never made sense, and I actually think the way this platform handles it is fine. If some yahoo's want to speculate and drive the price of SBDs up, better for Steemit users.

If the platform always treats SBDs as though they are worth a dollar, then there is massive pressure to sell when above $1. Eventually the irrationality will leave and the peg will function as intended. In the mean time, enjoy the basically free $.

Noted. Thanks for the info and advise.

Sell Steem ?!?!?!? i don't even keep Steem i POWER UP IT !

Good observation. At this time, i am holding all my coins, i do not feel any panic to sell.

Again it all boils down to keeping all that steem and holding on to it. Thanks for this

The concept of Steem is so beautiful because the social media aspect is in the center of everything and not the Token... The downward trend is a bit of a concern... But nobody is quitting social media... ;) both of them will rise high...

Gradually picking up :) Like a strong coin with a great platform running

Selling your steem at this particular time would be a very bad idea, you'll lose a lot when the price comes back up.

·

Yah it's buy LOW sell HIGH. And this is probably about as low as it's gonna get imo

·
·

I hope so
I hope it doesn't get any lower than it already is.

@rcarter, I think that most drops are caused my media publicity so keeping an ear on the press is also a good tactic!

BTW, I nominated you take part in the 7 day Black and White photo Challenge in my last post!

Now is the time to sell SBD to STEEM! By the way, how are you Rob? How's Gilaine? I haven't seen any of your witness update yet.

·

I don't witness anymore. The convention fell through after I was told there would be 150 attending, yet only 5 RSVP'ed. So I decided the community wasn't ready for it, and I am focusing on other projects of my own instead :)

·
·

Wow that's great! Where could I contact you directly so that I could somehow help you project. I was supposed to endorse you as witness to the small community that I lead here in Iligan (@steemph.iligan). It's just sad to hear that you don't witness anymore.

rcarter, your content is always excellent. Whenever I see your post, I know that there must me excellent quality content in it. So I comment your post before reading the post
I learned a lot about steemit reading your posts

It was after clicking on this post that I realized it is from 4 months ago :)

Please follow me back maam thanks!

·

No thanks. You don't even know I'm a dude and you ask for a follow. Weak.

·
·

Too many follow for follow gumnuts here.. its terrible.

·
·
·

Hey Nick. I remember you from months back.

Yeah, there are lots of things I love about Steemit... And at the same time, am not too fond of. Hence, why I am powering down.

The idea is beautiful, and it was incredible for a period of time; Now, it seems that it's overrun with bots and the follow for follow crowds.

·
·
·
·

Well, it sounds like you need to clear out the shit in your feed, man!

Whenever I feel like I am not getting enjoyment from my feed, I just unfollow. There are some crazy good content providers here and it's really empowering knowing we can support them.

In the process of powering down, I hope you spend the time to connect with those people who care about your work and those who you find value in.

Take care!
Nick

·
·

Okay sorry sir

Great Blog!

Let's continue to connect to each other as we submit more content!

Luppers :)

Congratulations @rcarter! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Upvote this notification to help all Steemit users. Learn why here!

@rcarter it been long since post your wonderful articles....please why?

·

I agree. Come back man!

How can I get your upvote?

·

Write decent posts, people read them and if they like what you've put together, they click the upvote you.

It's a pretty straightforward system.

Peace.
Nick

Hey Rob!

Haven't seen anything from you come up in my feed for a while. I'd love it if you came back and wrote some more. I loved reading about your personal stories and reflections of past events in your life.

Hope you're well and prospering!

Take care.
Nick.

Congratulations @rcarter! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

·

Thanks!