Steemleak::Funds as they stand now + the current SBD discount + SDB Chart +

in steemleak •  3 years ago

Just a quick update on the current situation.

After waking up to a nice surprise yesterday morning when I saw the overall earnings on the Steemleak.com launch post jump up over the $1k mark- at its peak I saw it reach the $1300 range!

I was stoked at the thought of being able to make such a significant contribution to wikileaks + generate so much value for participants - and in such an early stage of the project.

By the time the payout and split happened @steemleak was awarded 442.99SDB and 126.286 steam

I quickly checked out @mauricemikkers awesome steemdollar to see just how bad the SBD discount was today.

Bad. Its terrible timing to sell IF SDB will eventually return to $1 . I already took a decent haircut on the first smaller payout, and I really want to give wikileaks as much as possible.

Here's what we'd end up with if I traded SDB at the current prices across the current top exchanges

Poloniex gives the best deal, working out to $0.84004 per Steem Dollar

Bittrex was very close behind at $0.83216 - arbitrage bots are doing their job nice between these two exchanges

And then there's blocktrades (witness #11) at $0.7131 ..

I'm disappointed because blocktrades seemed to be trusted, and the best option in terms of transparency for the steemleak project. Gotta say, this seems a little greedy. I'll leave it at that tho, lest I piss off any whales..

Anyway here is my tradingview poloniex sdb chart - only 1hr timeframe as we don't have a lot of polo trading history to work with yet.

It looks like its getting support to me, and even just sideways will look like a breakout as it runs into the trendlines, and we have a nice ichi cloud twist up ahead too. Surely market makers will step in to take the profits, and this is just the result of panic sellers who bought at a premium last week or in the crazy spike during polo launch.

Myself and my partner @krystle have already invested a lot of time and effort into this site and community.
I've ignored the short sighted people calling it a ponzi, and I plan to continue doing so.
I'm already effectively locked into looking after @steemleak for at least 2 years due to the powerdown process..

After a lot of pondering, examining market history, re-reading the whitepaper, chatting with @pharesim and others on @stakepool and digging through some great posts by @dan discussing the peg ..
My faith in the design of the SBD peg system has been renewed.

I've come to a few conclusions:

  1. I've decided to hodl SDB for myself, @steemleak and my partner @krystle for the time being.
  2. My initial approach to automated selling was too basic
  3. Theres a lot of money being left on the table still in this market
  4. Automated market maker bots are being greedy
  5. I should build a bot.

.. But it's 4:30am AEST right now. Time for a powernap before the kids wake up at 6.

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it looks like good news ... thanks @ausbitbank

TOO MUCH DATA!!!!!! , Jokes Aside this is a very well written post! , Have a good dream in your Power Nap , If the kids don't wake up early

HODL

great post, well observed :)
I will be following, like to read about the markets and other's opinions about it!

Yes, great post ausbitbank. I hope to see more content like this, I could learn a lot from you.

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Cheers mate , I'm really keen to see the next #steemnation - brings back the fuzzy nostalgia of early diggnation days :) Everyone seeing this should go subscribe !
I do have a bunch of other technical analysis stuff on my profile too, today I made a new tradingview indicator SBD pegwatch that you might find handy

interesting post