Steem Dollars (SBD) show off over Steem
Maybe a week ago until 5 days ago that I am talking about SBD will surpass the value of Steem and I think I mention also that Steem is good when it will manage to hit $3 and it did.
Now, If you plan to cash out your SBD earnings as most of you are really wanted to cash out since then or the last month that you keep holding, I think this is the time for you to harvest your earnings.
But If you have no intention of cashing out like I do, you have the opportunity to Transfer or trade your sbd to Steem.
Trading your sbd to steem back and forth is one of the Steemit strategy of making more steemit coins. We cannot predict the exact time and date when will it be happened but it keeps on evolving that today sbd is higher than steem, the next week Steem is higher than sbd.
If you followed my previous post about converting steem to sbd back and forth and Last week I mention that maybe this week or next that SBD will surpass STEEM. And as it did happened now, you can trade back to steem in internal market and again the time when will be the Steem surpass again with sbd coz it will come and go. Just like a cyle.
Bitcoin speculation
It helps a lot when btc was speculated to move up and aiming to $10 k level.
Bitcoin value can move every coins in the market in terms of usd. So, steem/sbd is not exempted with that. We all know that when btc crashed to $6k level, all altcoins in the market including steem/sbd is also almost crashing back to $1.
Now btc currently at $8.8 k level and that is one reason why Steem/SBD reach to $3 each as this was also mention in my previous post.
Steem scarcity Towards High Steem Price!
Maybe not all of steemians already observe this kind of situation that Steem power will be scarce as the value of steem start to move above $3 and everyone should note that.
Steemians, you are here in steemit and your first goal should be acquiring a minimum of 500Sp. You can do that by investing or by posting great contents and all your rewards will be converted to Steem to power up!
As Steem price is at $3, You will find hard times gathering steem power by contents rewards only. So by trading your steem to sbd and back and forth, it will help you to gather more.
Steemians, you are great that your here now and you should start holding more steem power because steem will hit $10 each or more positively only this year and that could hard to earn steem power when that time will come.
Previous post!
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@albertvhons - Interesting post my friend - I've never really played the SBD/STEEM trade volatility game before but I know many have.. Do you have any advice except just trading whenever one rises above the other and waiting for a reversal?
Still boggles me that SBD even rises above $1
I suppose it does due to trader manipulations and certainly not because of its intended written properties from Ned and Scott
In what I have Understand, SBD was not meant really for enforcing $1 only but sbd is created to make steemit profitable not go lower than $1. That is the use case of sbd to prevent inflation.
Market manipulation may presented all the time but it cannot be denied also that it is the traders who contributed much how a coin value goes,
all crypto including steem/sbd is subject for volatility as it was paired heavily to btc and not to usd.
If you don't like Steem trading to SBD, you can either trade in exchanger, like SBD to BTC or Steem to BTC, Same rule applied; Buy low sell high, or sell high and buy low
Very informative specially to newbies:) great job sir @albertvhons!!
Good to see both Steem and SBD price rising again. Any time SBD is above the price of Steem I think it's good to convert a bit. I dont want to convert it all because I think there is room for growth on the SBD side, but you never know, it might go back to a dollar. Either way, it was a good week for the pair and also a good week for crypto in general
a lot of steemians predicted SBD to go back to $1
Market chart doesn't show a hint about so traders will not say SBD will go back to $1.
it is ironically also that steemians will say Steem will go to $50 each or more this year without basis enough to cover that $50 value. I din't know if they know how nuch the total supply of Steem before predicting it to go That moon price
I do however see that Steem can go $10 and more this year
I completely agree with you, but who knows, anything could happen. I also agree that we will likely see steem closer to $10 this year rather than $50. I think steem has the potential to get to $50 but a lot of things need to be improved before that happens
This is a very good point. That the value of SBD is increasing.